Aviso Wealth Management Increases Holdings in Accenture plc (NYSE:ACN)

Aviso Wealth Management boosted its stake in shares of Accenture plc (NYSE:ACN) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,148 shares of the information technology services provider’s stock after buying an additional 77 shares during the quarter. Aviso Wealth Management’s holdings in Accenture were worth $404,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ACN. Baldwin Wealth Partners LLC MA raised its holdings in shares of Accenture by 6.5% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock worth $22,314,000 after purchasing an additional 3,883 shares during the period. Davidson Trust Co. grew its stake in shares of Accenture by 7.4% during the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock worth $812,000 after acquiring an additional 158 shares during the period. Franklin Street Advisors Inc. NC increased its holdings in Accenture by 126.8% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider’s stock worth $14,090,000 after acquiring an additional 22,391 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its position in Accenture by 37.5% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider’s stock worth $1,088,000 after purchasing an additional 843 shares during the period. Finally, SteelPeak Wealth LLC raised its stake in shares of Accenture by 127.1% during the 4th quarter. SteelPeak Wealth LLC now owns 2,323 shares of the information technology services provider’s stock valued at $817,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Robert W. Baird upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 target price on the stock in a research note on Monday, March 17th. BMO Capital Markets reduced their target price on Accenture from $425.00 to $370.00 and set a “market perform” rating for the company in a research report on Tuesday, March 18th. Piper Sandler lowered their price target on Accenture from $396.00 to $364.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Royal Bank of Canada cut their price objective on Accenture from $399.00 to $392.00 and set an “outperform” rating for the company in a report on Friday, March 21st. Finally, Barclays dropped their target price on shares of Accenture from $415.00 to $390.00 and set an “overweight” rating for the company in a research report on Monday. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $378.91.

Accenture Trading Up 0.6 %

NYSE:ACN opened at $308.97 on Wednesday. The company has a 50-day moving average price of $357.53 and a 200-day moving average price of $356.88. The stock has a market cap of $193.35 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 3.23 and a beta of 1.24. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35.

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

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.92%. The ex-dividend date is Thursday, April 10th. Accenture’s dividend payout ratio is currently 48.89%.

Insider Activity

In related news, CEO Julie Spellman Sweet sold 2,497 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $354.48, for a total value of $885,136.56. Following the sale, the chief executive officer now owns 28,866 shares in the company, valued at $10,232,419.68. This represents a 7.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.46, for a total value of $91,514.72. Following the completion of the sale, the chief accounting officer now directly owns 8,915 shares in the company, valued at $3,516,610.90. This trade represents a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,905 shares of company stock worth $8,181,753. Corporate insiders own 0.02% of the company’s stock.

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.