637 Shares in Accenture plc (NYSE:ACN) Bought by Breed s Hill Capital LLC

Breed s Hill Capital LLC bought a new position in Accenture plc (NYSE:ACN) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 637 shares of the information technology services provider’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Wealthspire Advisors LLC increased its position in shares of Accenture by 4.3% during the 4th quarter. Wealthspire Advisors LLC now owns 79,052 shares of the information technology services provider’s stock valued at $27,740,000 after purchasing an additional 3,259 shares during the last quarter. Catalyst Financial Partners LLC raised its stake in shares of Accenture by 5.9% during the fourth quarter. Catalyst Financial Partners LLC now owns 2,285 shares of the information technology services provider’s stock worth $802,000 after acquiring an additional 128 shares in the last quarter. Pioneer Trust Bank N A OR grew its holdings in shares of Accenture by 4.0% during the 4th quarter. Pioneer Trust Bank N A OR now owns 39,343 shares of the information technology services provider’s stock valued at $13,806,000 after purchasing an additional 1,510 shares during the last quarter. Townsend & Associates Inc lifted its stake in Accenture by 75.0% in the fourth quarter. Townsend & Associates Inc now owns 34,896 shares of the information technology services provider’s stock worth $12,873,000 after purchasing an additional 14,961 shares during the last quarter. Finally, Bogart Wealth LLC grew its stake in shares of Accenture by 9.4% during the fourth quarter. Bogart Wealth LLC now owns 13,604 shares of the information technology services provider’s stock valued at $4,774,000 after buying an additional 1,171 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

ACN has been the subject of several analyst reports. StockNews.com cut Accenture from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. TD Cowen decreased their target price on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a research note on Friday, March 22nd. UBS Group increased their price target on shares of Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Guggenheim started coverage on shares of Accenture in a research note on Tuesday, March 19th. They set a “buy” rating and a $425.00 price objective for the company. Finally, Royal Bank of Canada raised their target price on Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $387.00.

Accenture Stock Performance

Shares of ACN stock traded down $5.43 during mid-day trading on Thursday, hitting $306.56. The company’s stock had a trading volume of 3,238,071 shares, compared to its average volume of 2,507,225. Accenture plc has a 52-week low of $264.42 and a 52-week high of $387.51. The stock has a market cap of $205.62 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 2.88 and a beta of 1.21. The business has a 50-day moving average price of $338.85 and a 200 day moving average price of $342.14.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. The firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The business’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.69 EPS. Equities research analysts predict that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be issued a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s dividend payout ratio is 46.78%.

Insider Buying and Selling at Accenture

In related news, CFO Kathleen R. Mcclure sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $316.00, for a total value of $1,422,000.00. Following the transaction, the chief financial officer now owns 42,781 shares of the company’s stock, valued at $13,518,796. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction on Monday, March 25th. The shares were sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the transaction, the chief operating officer now owns 17,877 shares in the company, valued at approximately $5,937,488.01. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kathleen R. Mcclure sold 4,500 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $316.00, for a total value of $1,422,000.00. Following the sale, the chief financial officer now directly owns 42,781 shares in the company, valued at $13,518,796. The disclosure for this sale can be found here. Insiders sold a total of 28,083 shares of company stock worth $8,959,325 in the last three months. 0.07% of the stock is currently owned by company insiders.

Accenture 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.