Wealth Enhancement Advisory Services LLC increased its position in Accenture PLC (NYSE:ACN – Free Report) by 65.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 828,516 shares of the information technology services provider’s stock after buying an additional 328,069 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.13% of Accenture worth $208,148,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Firethorn Wealth Partners LLC lifted its holdings in Accenture by 4.4% in the 2nd quarter. Firethorn Wealth Partners LLC now owns 854 shares of the information technology services provider’s stock worth $255,000 after purchasing an additional 36 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Accenture by 0.8% in the second quarter. Wealthcare Advisory Partners LLC now owns 4,902 shares of the information technology services provider’s stock worth $1,465,000 after buying an additional 38 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in Accenture by 3.5% during the second quarter. Capital Advisors Ltd. LLC now owns 1,214 shares of the information technology services provider’s stock valued at $363,000 after acquiring an additional 41 shares in the last quarter. Silver Oak Securities Incorporated increased its holdings in Accenture by 5.2% in the 2nd quarter. Silver Oak Securities Incorporated now owns 857 shares of the information technology services provider’s stock valued at $256,000 after acquiring an additional 42 shares during the last quarter. Finally, Omnia Family Wealth LLC lifted its stake in Accenture by 5.2% in the 2nd quarter. Omnia Family Wealth LLC now owns 847 shares of the information technology services provider’s stock worth $253,000 after purchasing an additional 42 shares in the last quarter. 75.14% of the stock is owned by institutional investors.
Accenture Trading Down 0.5%
ACN stock opened at $286.33 on Monday. Accenture PLC has a twelve month low of $229.40 and a twelve month high of $398.35. The stock has a market capitalization of $176.27 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 2.76 and a beta of 1.25. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.16. The firm’s fifty day simple moving average is $264.19 and its two-hundred day simple moving average is $258.82.
Accenture Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Tuesday, January 13th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, January 13th. Accenture’s dividend payout ratio (DPR) is currently 53.88%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on ACN shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Accenture in a report on Wednesday, October 8th. Evercore ISI reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Accenture in a research note on Thursday, December 18th. Susquehanna increased their target price on Accenture from $270.00 to $277.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Wall Street Zen lowered shares of Accenture from a “buy” rating to a “hold” rating in a report on Saturday, October 11th. Finally, Robert W. Baird lowered their price objective on shares of Accenture from $350.00 to $330.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $297.20.
Get Our Latest Stock Analysis on Accenture
Insider Activity at Accenture
In related news, CEO Julie Spellman Sweet sold 9,000 shares of Accenture stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $249.57, for a total transaction of $2,246,130.00. Following the completion of the sale, the chief executive officer owned 23,516 shares in the company, valued at $5,868,888.12. This trade represents a 27.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ryoji Sekido sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $249.47, for a total transaction of $623,675.00. Following the completion of the transaction, the chief executive officer owned 1,390 shares in the company, valued at $346,763.30. This represents a 64.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 40,076 shares of company stock worth $10,256,788 over the last quarter. 0.02% of the stock is owned by insiders.
About Accenture
Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.
The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.
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