Fi3 FINANCIAL ADVISORS LLC Acquires 43 Shares of Accenture plc (NYSE:ACN)

Fi3 FINANCIAL ADVISORS LLC raised its holdings in shares of Accenture plc (NYSE:ACN) by 4.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,130 shares of the information technology services provider’s stock after acquiring an additional 43 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Accenture were worth $397,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ACN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Accenture by 378.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,491,736 shares of the information technology services provider’s stock valued at $1,941,219,000 after acquiring an additional 4,345,039 shares during the period. Raymond James Financial Inc. purchased a new stake in Accenture during the 4th quarter valued at about $666,495,000. Swedbank AB boosted its stake in shares of Accenture by 47.5% during the fourth quarter. Swedbank AB now owns 3,763,690 shares of the information technology services provider’s stock valued at $1,324,029,000 after purchasing an additional 1,212,011 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of Accenture by 51,837.3% during the fourth quarter. Proficio Capital Partners LLC now owns 860,601 shares of the information technology services provider’s stock valued at $302,751,000 after purchasing an additional 858,944 shares during the period. Finally, Amundi boosted its stake in shares of Accenture by 27.9% during the fourth quarter. Amundi now owns 3,790,069 shares of the information technology services provider’s stock valued at $1,353,909,000 after purchasing an additional 826,038 shares during the period. 75.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ACN shares. JPMorgan Chase & Co. increased 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. Baird R W upgraded shares of Accenture from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Guggenheim dropped their price objective on Accenture from $400.00 to $395.00 and set a “buy” rating for the company in a report on Friday. Piper Sandler cut their price objective on Accenture from $396.00 to $364.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, StockNews.com lowered Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $380.05.

Insider Activity at Accenture

In other news, insider Angela Beatty sold 375 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total transaction of $134,437.50. Following the transaction, the insider now directly owns 5,149 shares of the company’s stock, valued at $1,845,916.50. This represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Angie Y. Park sold 685 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $354.38, for a total value of $242,750.30. Following the transaction, the chief financial officer now directly owns 8,674 shares in the company, valued at approximately $3,073,892.12. The trade was a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,280 shares of company stock valued at $8,316,190. 0.02% of the stock is owned by corporate insiders.

Accenture Stock Performance

Shares of ACN opened at $305.17 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average price is $359.16 and its 200-day moving average price is $357.13. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35. The stock has a market cap of $190.97 billion, a P/E ratio of 25.60, a P/E/G ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.01. The company had revenue of $16.70 billion for the quarter, compared to analysts’ expectations of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. Accenture’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.77 EPS. Equities research analysts anticipate that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 1.94%. Accenture’s dividend payout ratio is presently 49.66%.

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.