Accenture plc (NYSE:ACN) Shares Bought by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. increased its position in Accenture plc (NYSE:ACNFree Report) by 100.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 254,956 shares of the information technology services provider’s stock after purchasing an additional 127,958 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Accenture were worth $89,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Jump Financial LLC grew its position in shares of Accenture by 3.6% during the third quarter. Jump Financial LLC now owns 917 shares of the information technology services provider’s stock worth $282,000 after buying an additional 32 shares in the last quarter. Western Wealth Management LLC increased its position in shares of Accenture by 7.7% in the 3rd quarter. Western Wealth Management LLC now owns 919 shares of the information technology services provider’s stock worth $282,000 after purchasing an additional 66 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Accenture by 5.5% during the third quarter. Atria Wealth Solutions Inc. now owns 19,379 shares of the information technology services provider’s stock worth $5,951,000 after purchasing an additional 1,003 shares during the last quarter. Soltis Investment Advisors LLC increased its holdings in Accenture by 3.3% in the third quarter. Soltis Investment Advisors LLC now owns 2,284 shares of the information technology services provider’s stock valued at $701,000 after buying an additional 74 shares during the last quarter. Finally, Blueshift Asset Management LLC bought a new position in Accenture during the 3rd quarter worth approximately $573,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Stock Down 1.1 %

Shares of ACN traded down $3.34 during mid-day trading on Friday, reaching $288.40. The company’s stock had a trading volume of 2,623,242 shares, compared to its average volume of 2,620,613. Accenture plc has a 1 year low of $278.69 and a 1 year high of $387.51. The company has a market cap of $193.44 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 3.16 and a beta of 1.21. The business has a fifty day moving average of $310.15 and a 200 day moving average of $340.51.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The firm had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.85 billion. During the same period in the prior year, the business earned $2.69 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts predict that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 11th were given a dividend of $1.29 per share. The ex-dividend date was Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a yield of 1.79%. Accenture’s payout ratio is 46.78%.

Insider Buying and Selling at Accenture

In other news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the sale, the insider now directly owns 13,699 shares in the company, valued at approximately $4,208,606.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the transaction, the insider now owns 13,699 shares in the company, valued at approximately $4,208,606.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO John F. Walsh sold 8,000 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the sale, the chief operating officer now owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The disclosure for this sale can be found here. Insiders have sold 28,083 shares of company stock worth $8,959,325 over the last 90 days. 0.07% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ACN. Royal Bank of Canada upped their price target on Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. StockNews.com lowered shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday, April 27th. Morgan Stanley boosted their target price on shares of Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a research note on Monday, March 18th. Stifel Nicolaus boosted their price objective on Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Finally, Mizuho reaffirmed a “buy” rating and set a $398.00 target price (down previously from $426.00) on shares of Accenture in a research note on Friday, March 22nd. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $373.00.

Read Our Latest Analysis on Accenture

About Accenture

(Free Report)

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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