Accenture plc (NYSE:ACN) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its holdings in Accenture plc (NYSE:ACN) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,909 shares of the information technology services provider’s stock after purchasing an additional 691 shares during the quarter. Apollon Wealth Management LLC’s holdings in Accenture were worth $10,170,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Marcum Wealth LLC raised its stake in shares of Accenture by 12.0% during the 3rd quarter. Marcum Wealth LLC now owns 2,236 shares of the information technology services provider’s stock worth $790,000 after buying an additional 239 shares during the period. Wedmont Private Capital raised its position in shares of Accenture by 31.3% during the 3rd quarter. Wedmont Private Capital now owns 4,389 shares of the information technology services provider’s stock worth $1,566,000 after purchasing an additional 1,047 shares during the last quarter. Cypress Wealth Services LLC boosted its holdings in Accenture by 2.8% in the 3rd quarter. Cypress Wealth Services LLC now owns 1,192 shares of the information technology services provider’s stock worth $421,000 after buying an additional 33 shares during the last quarter. Albion Financial Group UT boosted its stake in shares of Accenture by 0.5% in the third quarter. Albion Financial Group UT now owns 48,946 shares of the information technology services provider’s stock worth $17,302,000 after acquiring an additional 253 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC increased its position in shares of Accenture by 641.4% during the third quarter. Franklin Street Advisors Inc. NC now owns 17,660 shares of the information technology services provider’s stock worth $6,242,000 after purchasing an additional 15,278 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Accenture

In other news, CEO Julie Spellman Sweet sold 8,793 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total value of $3,468,574.71. Following the completion of the sale, the chief executive officer now directly owns 11,858 shares of the company’s stock, valued at $4,677,625.26. This trade represents a 42.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total transaction of $91,514.72. Following the completion of the transaction, the chief accounting officer now owns 8,915 shares of the company’s stock, valued at $3,516,610.90. This represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,280 shares of company stock worth $8,316,190. Corporate insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of ACN opened at $386.04 on Friday. The firm’s 50 day moving average price is $361.83 and its 200 day moving average price is $351.65. The company has a market cap of $241.58 billion, a P/E ratio of 32.39, a PEG ratio of 3.43 and a beta of 1.24. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. The business had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.27 earnings per share. On average, research analysts forecast that Accenture plc will post 12.69 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, January 16th. Accenture’s payout ratio is 49.66%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ACN. BMO Capital Markets upped their target price on shares of Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. BNP Paribas lowered shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 target price on the stock. in a research note on Wednesday, October 30th. Robert W. Baird reaffirmed a “neutral” rating and issued a $370.00 price target on shares of Accenture in a report on Tuesday, December 3rd. The Goldman Sachs Group upgraded Accenture from a “neutral” rating to a “buy” rating and upped their target price for the company from $370.00 to $420.00 in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $387.22.

Accenture Company Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.