Three Seasons Wealth LLC Invests $1.31 Million in Accenture plc (NYSE:ACN)

by · The Cerbat Gem

Three Seasons Wealth LLC bought a new stake in Accenture plc (NYSE:ACN – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,736 shares of the information technology services provider’s stock, valued at approximately $1,314,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACN. Baldwin Wealth Partners LLC MA increased its position in Accenture by 6.5% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock worth $22,314,000 after purchasing an additional 3,883 shares in the last quarter. Davidson Trust Co. raised its stake in shares of Accenture by 7.4% in the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock valued at $812,000 after acquiring an additional 158 shares during the period. Franklin Street Advisors Inc. NC boosted its position in Accenture by 126.8% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider’s stock worth $14,090,000 after purchasing an additional 22,391 shares during the period. China Universal Asset Management Co. Ltd. increased its holdings in Accenture by 37.5% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider’s stock valued at $1,088,000 after purchasing an additional 843 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its position in Accenture by 127.1% in the fourth quarter. SteelPeak Wealth LLC now owns 2,323 shares of the information technology services provider’s stock valued at $817,000 after purchasing an additional 1,300 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insiders Place Their Bets

In other Accenture news, insider Angela Beatty sold 169 shares of the business’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.90, for a total value of $47,641.10. Following the sale, the insider now directly owns 5,364 shares in the company, valued at approximately $1,512,111.60. The trade was a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total transaction of $91,514.72. Following the transaction, the chief accounting officer now owns 8,915 shares of the company’s stock, valued at approximately $3,516,610.90. This trade represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,041 shares of company stock worth $5,254,956. 0.02% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ACN has been the topic of several analyst reports. Robert W. Baird upgraded Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 target price on the stock in a report on Monday, March 17th. StockNews.com lowered shares of Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Jefferies Financial Group decreased their target price on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Stifel Nicolaus cut their price objective on shares of Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, Guggenheim lowered their target price on Accenture from $400.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $377.82.

View Our Latest Stock Report on ACN

Accenture Price Performance

Shares of NYSE:ACN opened at $291.43 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a 50-day simple moving average of $318.01 and a 200 day simple moving average of $347.71. Accenture plc has a fifty-two week low of $275.01 and a fifty-two week high of $398.35. The company has a market cap of $182.53 billion, a PE ratio of 24.45, a P/E/G ratio of 3.23 and a beta of 1.32.

Accenture (NYSE:ACN – Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, topping 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 business had revenue of $16.70 billion for the quarter, compared to analysts’ expectations of $16.64 billion. During the same quarter last year, the company earned $2.77 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be paid a dividend of $1.48 per share. The ex-dividend date is Thursday, April 10th. This represents a $5.92 annualized dividend and a yield of 2.03%. Accenture’s payout ratio is 48.89%.

About Accenture

(Free Report)

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.

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