Aprio Wealth Management LLC Purchases 72 Shares of Accenture plc (NYSE:ACN)

Aprio Wealth Management LLC increased its position in Accenture plc (NYSE:ACN) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,112 shares of the information technology services provider’s stock after purchasing an additional 72 shares during the quarter. Aprio Wealth Management LLC’s holdings in Accenture were worth $393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ACN. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Accenture by 18.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 172,199 shares of the information technology services provider’s stock valued at $52,247,000 after acquiring an additional 27,168 shares during the period. New Mexico Educational Retirement Board raised its holdings in Accenture by 11.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 36,750 shares of the information technology services provider’s stock valued at $12,393,000 after acquiring an additional 3,900 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Accenture by 13.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 183,446 shares of the information technology services provider’s stock valued at $63,584,000 after acquiring an additional 21,516 shares during the period. M&G Plc acquired a new position in shares of Accenture during the 1st quarter worth approximately $19,007,000. Finally, First Long Island Investors LLC grew its position in shares of Accenture by 27.8% during the 1st quarter. First Long Island Investors LLC now owns 65,717 shares of the information technology services provider’s stock worth $22,778,000 after purchasing an additional 14,283 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Accenture news, CFO Kathleen R. Mcclure sold 3,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $309.22, for a total value of $927,660.00. Following the completion of the sale, the chief financial officer now directly owns 40,070 shares in the company, valued at approximately $12,390,445.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, General Counsel Joel Unruch sold 8,145 shares of Accenture stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $331.05, for a total transaction of $2,696,402.25. Following the completion of the transaction, the general counsel now directly owns 22,849 shares in the company, valued at $7,564,161.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kathleen R. Mcclure sold 3,000 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $309.22, for a total transaction of $927,660.00. Following the transaction, the chief financial officer now owns 40,070 shares in the company, valued at approximately $12,390,445.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,421 shares of company stock worth $6,912,635. 0.07% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on ACN shares. Piper Sandler Companies restated a “neutral” rating and set a $329.00 target price on shares of Accenture in a research report on Friday, September 20th. Susquehanna increased their target price on shares of Accenture from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. BMO Capital Markets increased their price target on shares of Accenture from $380.00 to $390.00 and gave the stock a “market perform” rating in a research report on Friday, September 27th. Bank of America increased their price target on shares of Accenture from $365.00 to $388.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Morgan Stanley lowered shares of Accenture from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $382.00 to $300.00 in a research report on Wednesday, June 26th. Eight analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $371.18.

Accenture Stock Down 1.5 %

Shares of NYSE ACN opened at $356.68 on Tuesday. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51. The firm has a fifty day simple moving average of $336.64 and a 200 day simple moving average of $319.71. The company has a market capitalization of $223.53 billion, a PE ratio of 32.66, a P/E/G ratio of 3.69 and a beta of 1.25.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, September 26th. The information technology services provider reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.01. The business had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.37 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. Accenture’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.71 earnings per share. As a group, equities analysts expect that Accenture plc will post 11.95 earnings per share for the current fiscal year.

Accenture declared that its board has authorized a stock repurchase program on Thursday, September 26th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the information technology services provider to purchase up to 1.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Accenture Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 10th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.66%. This is a boost from Accenture’s previous quarterly dividend of $1.29. The ex-dividend date of this dividend is Thursday, October 10th. Accenture’s dividend payout ratio (DPR) is presently 54.21%.

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.