Flossbach Von Storch AG Has $136.37 Million Stake in Accenture plc (NYSE:ACN)

Flossbach Von Storch AG boosted its stake in shares of Accenture plc (NYSE:ACN) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 388,606 shares of the information technology services provider’s stock after buying an additional 8,472 shares during the quarter. Accenture makes up approximately 0.6% of Flossbach Von Storch AG’s portfolio, making the stock its 29th biggest position. Flossbach Von Storch AG owned 0.06% of Accenture worth $136,366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ACN. Chilton Capital Management LLC increased its position in Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 45 shares during the period. Halpern Financial Inc. bought a new stake in Accenture during the fourth quarter valued at $31,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Accenture in the 1st quarter worth about $28,000. BluePath Capital Management LLC acquired a new position in shares of Accenture in the 3rd quarter valued at about $31,000. Finally, RVW Wealth LLC acquired a new stake in Accenture during the third quarter worth approximately $33,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Stifel Nicolaus raised their price objective on shares of Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Redburn Atlantic boosted their target price on Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. StockNews.com lowered Accenture from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Morgan Stanley boosted their price objective on Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a report on Monday, March 18th. Finally, Piper Sandler increased their target price on Accenture from $335.00 to $394.00 and gave the stock a “neutral” rating in a report on Monday, March 18th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $387.00.

Accenture Trading Up 0.3 %

Shares of NYSE:ACN traded up $0.79 during midday trading on Wednesday, reaching $314.73. The company had a trading volume of 2,760,008 shares, compared to its average volume of 2,368,561. Accenture plc has a 52-week low of $261.68 and a 52-week high of $387.51. The company’s 50 day moving average price is $357.35 and its 200 day moving average price is $341.95. The stock has a market cap of $211.10 billion, a P/E ratio of 28.53, a P/E/G ratio of 2.97 and a beta of 1.19.

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

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be given a dividend of $1.29 per share. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.64%. Accenture’s dividend payout ratio is presently 46.78%.

Insider Buying and Selling

In other news, CFO Kathleen R. Mcclure sold 851 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $371.77, for a total value of $316,376.27. Following the sale, the chief financial officer now owns 50,737 shares of the company’s stock, valued at $18,862,494.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Accenture news, CFO Kathleen R. Mcclure sold 851 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $371.77, for a total value of $316,376.27. Following the completion of the transaction, the chief financial officer now owns 50,737 shares in the company, valued at approximately $18,862,494.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 3,010 shares of Accenture stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $371.80, for a total value of $1,119,118.00. Following the transaction, the chief accounting officer now directly owns 9,193 shares of the company’s stock, valued at approximately $3,417,957.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,750 shares of company stock valued at $14,543,436. 0.07% of the stock is owned by 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.