Accenture PLC (NYSE:ACN) Shares Bought by Catalyst Financial Partners LLC

by · The Cerbat Gem

Catalyst Financial Partners LLC increased its stake in Accenture PLC (NYSE:ACN – Free Report) by 8.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,888 shares of the information technology services provider’s stock after purchasing an additional 228 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Accenture were worth $901,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Accenture by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 60,394,657 shares of the information technology services provider’s stock worth $21,246,236,000 after purchasing an additional 392,183 shares during the period. Geode Capital Management LLC boosted its stake in Accenture by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 13,528,348 shares of the information technology services provider’s stock valued at $4,750,021,000 after buying an additional 136,665 shares in the last quarter. Capital Research Global Investors raised its position in Accenture by 16.8% in the fourth quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider’s stock worth $4,325,526,000 after acquiring an additional 1,770,024 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Accenture by 22.8% in the 4th quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider’s stock valued at $4,283,225,000 after acquiring an additional 2,260,740 shares during the last quarter. Finally, Capital International Investors lifted its holdings in shares of Accenture by 2.2% during the fourth quarter. Capital International Investors now owns 8,513,140 shares of the information technology services provider’s stock valued at $2,994,922,000 after purchasing an additional 181,449 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Activity

In other Accenture news, COO John F. Walsh sold 2,500 shares of Accenture stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total value of $812,500.00. Following the transaction, the chief operating officer owned 15,882 shares of the company’s stock, valued at approximately $5,161,650. The trade was a 13.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.02% of the company’s stock.

Accenture Stock Down 2.5%

Shares of NYSE ACN opened at $281.01 on Monday. Accenture PLC has a 1 year low of $273.19 and a 1 year high of $398.35. The firm’s 50-day moving average is $309.00 and its 200-day moving average is $326.89. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $176.00 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 2.64 and a beta of 1.29.

Accenture (NYSE:ACN – Get Free Report) last announced its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.17. The firm had revenue of $17.73 billion for the quarter, compared to analysts’ expectations of $17.26 billion. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $3.13 earnings per share. Equities analysts expect that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 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 2.11%. The ex-dividend date is Thursday, July 10th. Accenture’s dividend payout ratio is currently 47.13%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Robert W. Baird raised shares of Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 target price on the stock in a research note on Monday, March 17th. Piper Sandler cut their price objective on Accenture from $364.00 to $355.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. JPMorgan Chase & Co. raised their target price on shares of Accenture from $349.00 to $353.00 and gave the company an “overweight” rating in a research note on Monday, June 16th. Barclays lowered their price objective on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a research note on Monday, June 23rd. Finally, BMO Capital Markets cut their price target on Accenture from $355.00 to $325.00 and set a “market perform” rating for the company in a report on Monday, June 23rd. Seven research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and an average price target of $370.71.

Get Our Latest Stock Analysis on ACN

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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