SOA Wealth Advisors 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 250 shares of the information technology services provider’s stock, valued at approximately $64,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Coppell Advisory Solutions LLC bought a new position in Accenture in the 4th quarter worth about $386,000. Childress Capital Advisors LLC purchased a new stake in Accenture during the 4th quarter valued at about $328,000. tru Independence LLC boosted its holdings in Accenture by 4.9% during the 4th quarter. tru Independence LLC now owns 4,573 shares of the information technology services provider’s stock valued at $1,195,000 after acquiring an additional 214 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in Accenture by 7.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,471,704 shares of the information technology services provider’s stock valued at $906,719,000 after acquiring an additional 242,611 shares during the period. Finally, Patron Partners Advisors LLC purchased a new stake in Accenture during the 4th quarter valued at about $339,000. Institutional investors and hedge funds own 70.99% of the company’s stock.
Several equities research analysts recently weighed in on ACN shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on Accenture from $265.00 to $303.00 in a report on Friday, December 18th. Royal Bank of Canada increased their price objective on Accenture from $278.00 to $301.00 in a report on Friday, March 19th. Berenberg Bank increased their price objective on Accenture from $258.00 to $285.00 and gave the stock a “buy” rating in a report on Tuesday, February 2nd. Susquehanna Bancshares increased their price objective on Accenture from $290.00 to $325.00 and gave the stock a “positive” rating in a report on Friday, March 19th. Finally, Piper Sandler raised their target price on Accenture from $210.00 to $282.00 and gave the company a “neutral” rating in a research note on Friday, December 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company’s stock. Accenture currently has a consensus rating of “Buy” and an average target price of $267.96.
Accenture (NYSE:ACN) last posted its earnings results on Wednesday, March 17th. The information technology services provider reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.13. The business had revenue of $12.09 billion during the quarter, compared to analyst estimates of $11.83 billion. Accenture had a return on equity of 29.32% and a net margin of 11.74%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 EPS. On average, research analysts expect that Accenture plc will post 8.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Stockholders of record on Thursday, April 15th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, April 14th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.25%. Accenture’s dividend payout ratio (DPR) is currently 47.18%.
In other news, COO Johan Deblaere sold 8,000 shares of the firm’s stock in a transaction on Friday, March 26th. The stock was sold at an average price of $280.00, for a total value of $2,240,000.00. Following the transaction, the chief operating officer now directly owns 52,579 shares in the company, valued at approximately $14,722,120. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Richard P. Clark sold 3,115 shares of the firm’s stock in a transaction on Tuesday, January 19th. The stock was sold at an average price of $255.85, for a total value of $796,972.75. Following the completion of the transaction, the chief accounting officer now owns 18,705 shares in the company, valued at $4,785,674.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,482 shares of company stock worth $10,186,569. Company insiders own 0.07% of the company’s stock.
Accenture Company Profile
Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company also provides outsourcing services. It serves communications, media, high tech, software, and platform companies; banking, capital market, and insurance industries; and consumer goods, retail, travel services, industrial, and life science industries, as well as clients in health, public service, chemicals and natural resources, energy, and utilities sectors.
Recommended Story: Quiet Period
Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture plc (NYSE:ACN).
Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.