VCI Wealth Management LLC Takes Position in Accenture plc (NYSE:ACN)

VCI Wealth Management LLC purchased a new stake in shares of Accenture plc (NYSE:ACN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,160 shares of the information technology services provider’s stock, valued at approximately $1,460,000.

Several other institutional investors have also recently made changes to their positions in the company. Founders Financial Securities LLC acquired a new stake in Accenture in the 3rd quarter valued at approximately $327,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Accenture by 23.1% in the third quarter. Newbridge Financial Services Group Inc. now owns 320 shares of the information technology services provider’s stock valued at $98,000 after buying an additional 60 shares during the last quarter. Strategic Blueprint LLC raised its holdings in shares of Accenture by 4.1% in the third quarter. Strategic Blueprint LLC now owns 2,298 shares of the information technology services provider’s stock valued at $706,000 after buying an additional 90 shares during the last quarter. SS&H Financial Advisors Inc. acquired a new position in shares of Accenture during the third quarter worth about $3,001,000. Finally, Welch Group LLC increased its stake in shares of Accenture by 1.9% during the third quarter. Welch Group LLC now owns 15,070 shares of the information technology services provider’s stock worth $4,628,000 after acquiring an additional 274 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of recent analyst reports. Mizuho reiterated a “buy” rating and set a $398.00 price target (down from $426.00) on shares of Accenture in a research note on Friday, March 22nd. Redburn Atlantic boosted their price target on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. TD Cowen lowered their target price on shares of Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a research report on Friday, March 22nd. Robert W. Baird upped their target price on shares of Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. Finally, Guggenheim assumed coverage on shares of Accenture in a research report on Tuesday, March 19th. They set a “buy” rating and a $425.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $387.00.

Insiders Place Their Bets

In other news, General Counsel Joel Unruch sold 4,333 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $316.12, for a total value of $1,369,747.96. Following the completion of the sale, the general counsel now owns 30,702 shares of the company’s stock, valued at $9,705,516.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, General Counsel Joel Unruch sold 4,333 shares of the stock in a transaction on Friday, April 19th. The shares were sold at an average price of $316.12, for a total value of $1,369,747.96. Following the completion of the sale, the general counsel now owns 30,702 shares of the company’s stock, valued at $9,705,516.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $371.81, for a total transaction of $1,859,050.00. Following the sale, the insider now directly owns 20,316 shares of the company’s stock, valued at $7,553,691.96. The disclosure for this sale can be found here. Insiders have sold a total of 39,833 shares of company stock valued at $13,645,871 over the last quarter. Company insiders own 0.07% of the company’s stock.

Accenture Stock Down 1.5 %

Shares of ACN traded down $4.56 on Thursday, hitting $308.98. 3,634,490 shares of the stock traded hands, compared to its average volume of 2,423,520. The firm has a market capitalization of $207.25 billion, a P/E ratio of 27.83, a P/E/G ratio of 3.00 and a beta of 1.19. The stock’s 50 day moving average is $352.14 and its two-hundred day moving average is $342.20. Accenture plc has a 1 year low of $261.68 and a 1 year high of $387.51.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.11. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.69 earnings per share. Research analysts forecast that Accenture plc will post 12.09 EPS for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be paid a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio is currently 46.78%.

About Accenture

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.