Homrich & Berg Boosts Position in Accenture plc (NYSE:ACN)

Homrich & Berg boosted its position in shares of Accenture plc (NYSE:ACN) by 80.9% in the first quarter, Holdings Channel reports. The fund owned 36,671 shares of the information technology services provider’s stock after purchasing an additional 16,394 shares during the quarter. Homrich & Berg’s holdings in Accenture were worth $10,130,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ACN. Better Money Decisions LLC purchased a new stake in Accenture during the first quarter valued at $29,000. Solstein Capital LLC purchased a new stake in Accenture during the first quarter valued at $29,000. Wealthcare Capital Management LLC purchased a new stake in Accenture during the first quarter valued at $33,000. Freedman Financial Associates Inc. purchased a new stake in Accenture in the fourth quarter worth about $38,000. Finally, Summit Wealth Group LLC purchased a new stake in Accenture in the first quarter worth about $43,000. Institutional investors own 72.96% of the company’s stock.

ACN has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Accenture from $278.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, April 6th. Cowen upped their price target on Accenture from $305.00 to $316.00 and gave the stock an “outperform” rating in a research report on Friday, June 25th. Susquehanna upped their price target on Accenture from $325.00 to $340.00 and gave the stock a “positive” rating in a research report on Friday, June 25th. Susquehanna Bancshares upped their price target on Accenture from $325.00 to $340.00 and gave the stock a “positive” rating in a research report on Friday, June 25th. Finally, Societe Generale increased their target price on Accenture from $313.00 to $329.00 and gave the stock a “buy” rating in a research report on Tuesday, June 15th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Accenture currently has an average rating of “Buy” and a consensus target price of $311.13.

In other Accenture news, insider Jean-Marc Ollagnier sold 581 shares of the firm’s stock in a transaction on Monday, June 28th. The stock was sold at an average price of $293.46, for a total transaction of $170,500.26. Following the transaction, the insider now directly owns 172,422 shares in the company, valued at approximately $50,598,960.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ellyn Shook sold 2,600 shares of the firm’s stock in a transaction on Monday, April 26th. The stock was sold at an average price of $290.21, for a total value of $754,546.00. Following the transaction, the insider now owns 20,589 shares in the company, valued at $5,975,133.69. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,993 shares of company stock worth $6,123,144. Company insiders own 0.07% of the company’s stock.

Shares of NYSE:ACN traded up $0.91 during trading on Thursday, hitting $314.68. The company had a trading volume of 12,141 shares, compared to its average volume of 2,021,770. The company has a market cap of $199.71 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 3.55 and a beta of 1.09. Accenture plc has a one year low of $210.42 and a one year high of $317.12. The stock has a fifty day moving average price of $292.60.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Wednesday, June 23rd. The information technology services provider reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.16. The business had revenue of $13.26 billion during the quarter, compared to analyst estimates of $12.81 billion. Accenture had a return on equity of 28.94% and a net margin of 12.06%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the company earned $1.90 EPS. On average, equities analysts expect that Accenture plc will post 8.79 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 13th. Stockholders of record on Thursday, July 15th will be issued a $0.88 dividend. The ex-dividend date is Wednesday, July 14th. This represents a $3.52 annualized dividend and a dividend yield of 1.12%. Accenture’s payout ratio is 47.18%.

Accenture Company Profile

Accenture Plc engages in the provision of management consulting, technology, and outsourcing services. It operates through the following segments: Communications, Media, and Technology; Financial Services; Health and Public Service; Products; Resources; and Other. The Communications, Media, and Technology segment serves communications, media, high-tech, and software and platform companies through acceleration and delivery of digital transformation, development of comprehensive and industry-specific solutions, and enhance efficiency and business results.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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