Accenture plc (NYSE:ACN) Shares Purchased by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC grew its holdings in shares of Accenture plc (NYSE:ACN) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,318 shares of the information technology services provider’s stock after buying an additional 713 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Accenture were worth $9,962,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ACN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Accenture by 378.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,491,736 shares of the information technology services provider’s stock valued at $1,941,219,000 after purchasing an additional 4,345,039 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of Accenture by 44.7% in the 2nd quarter. Clearbridge Investments LLC now owns 2,709,989 shares of the information technology services provider’s stock worth $822,238,000 after purchasing an additional 837,677 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Accenture by 2,666.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 715,219 shares of the information technology services provider’s stock worth $251,607,000 after buying an additional 689,366 shares during the last quarter. Holocene Advisors LP acquired a new stake in Accenture in the third quarter worth $204,895,000. Finally, International Assets Investment Management LLC raised its holdings in shares of Accenture by 37,788.5% during the third quarter. International Assets Investment Management LLC now owns 510,358 shares of the information technology services provider’s stock valued at $180,401,000 after buying an additional 509,011 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on ACN shares. Wolfe Research upgraded shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada lifted their price target on Accenture from $377.00 to $389.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. BMO Capital Markets raised their target price on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. BNP Paribas downgraded shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 target price for the company. in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their target price on Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average target price of $383.74.

Insider Buying and Selling

In other news, insider Angela Beatty sold 375 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.50, for a total transaction of $134,437.50. Following the completion of the transaction, the insider now directly owns 5,149 shares in the company, valued at approximately $1,845,916.50. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 8,136 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $362.07, for a total transaction of $2,945,801.52. Following the completion of the transaction, the chief executive officer now directly owns 12,188 shares of the company’s stock, valued at $4,412,909.16. This trade represents a 40.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,332 shares of company stock worth $6,172,719 over the last three months. 0.02% of the stock is currently owned by company insiders.

Accenture Trading Down 0.2 %

Shares of ACN opened at $362.65 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock has a 50 day simple moving average of $357.37 and a 200-day simple moving average of $347.30. Accenture plc has a 1 year low of $278.69 and a 1 year high of $387.51. The stock has a market cap of $226.94 billion, a PE ratio of 30.42, a PEG ratio of 3.20 and a beta of 1.24.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.43 by $0.16. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. During the same period in the previous year, the business earned $3.27 EPS. Accenture’s revenue was up 9.0% compared to the same quarter last year. On average, sell-side analysts predict that Accenture plc will post 12.69 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.63%. The ex-dividend date is Thursday, January 16th. Accenture’s dividend payout ratio is 49.66%.

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.