ICW Investment Advisors LLC Has $1.89 Million Stock Position in Accenture plc (NYSE:ACN)

ICW Investment Advisors LLC raised its holdings in Accenture plc (NYSE:ACN) by 14.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,369 shares of the information technology services provider’s stock after purchasing an additional 668 shares during the quarter. ICW Investment Advisors LLC’s holdings in Accenture were worth $1,889,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ACN. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Accenture by 378.9% in the 3rd 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 period. Raymond James Financial Inc. bought a new stake in shares of Accenture during the 4th quarter worth approximately $666,495,000. Swedbank AB lifted its holdings in shares of Accenture by 47.5% during the 4th quarter. Swedbank AB now owns 3,763,690 shares of the information technology services provider’s stock worth $1,324,029,000 after acquiring an additional 1,212,011 shares during the period. Proficio Capital Partners LLC lifted its holdings in shares of Accenture by 51,837.3% during the 4th quarter. Proficio Capital Partners LLC now owns 860,601 shares of the information technology services provider’s stock worth $302,751,000 after acquiring an additional 858,944 shares during the period. Finally, Amundi lifted its holdings in shares of Accenture by 27.9% during the 4th quarter. Amundi now owns 3,790,069 shares of the information technology services provider’s stock worth $1,353,909,000 after acquiring an additional 826,038 shares during the period. Institutional investors own 75.14% of the company’s stock.

Insider Activity at Accenture

In related news, General Counsel Joel Unruch sold 4,750 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $362.78, for a total transaction of $1,723,205.00. Following the completion of the sale, the general counsel now owns 20,526 shares in the company, valued at approximately $7,446,422.28. This trade represents a 18.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 8,793 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the sale, the chief executive officer now owns 11,858 shares of the company’s stock, valued at $4,677,625.26. This trade represents a 42.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,905 shares of company stock valued at $8,181,753 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Accenture Stock Up 1.4 %

Shares of NYSE ACN opened at $305.17 on Monday. Accenture plc has a 12-month low of $278.69 and a 12-month high of $398.35. The firm has a market cap of $190.97 billion, a PE ratio of 25.60, a P/E/G ratio of 3.23 and a beta of 1.24. The company’s fifty day simple moving average is $359.16 and its 200 day simple moving average is $357.33. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. During the same period last year, the firm earned $2.77 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Thursday, April 10th. Accenture’s payout ratio is currently 49.66%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Mizuho cut their price target on shares of Accenture from $428.00 to $398.00 and set an “outperform” rating for the company in a report on Wednesday, March 19th. Piper Sandler lowered their price objective on shares of Accenture from $396.00 to $364.00 and set an “overweight” rating for the company in a research report on Thursday. Morgan Stanley lowered their price objective on shares of Accenture from $380.00 to $372.00 and set an “equal weight” rating for the company in a research report on Monday, March 17th. UBS Group decreased their price target on shares of Accenture from $455.00 to $387.00 and set a “buy” rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. upped their price target on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $380.05.

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.