Accenture plc (NYSE:ACN) Shares Acquired by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC lifted its holdings in shares of Accenture plc (NYSE:ACNFree Report) by 79.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,535 shares of the information technology services provider’s stock after purchasing an additional 1,123 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Accenture were worth $881,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ACN. Chilton Capital Management LLC boosted its holdings in shares of Accenture by 180.0% during the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 45 shares during the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in Accenture in the fourth quarter valued at $27,000. Halpern Financial Inc. acquired a new position in Accenture in the fourth quarter valued at $31,000. Valued Wealth Advisors LLC acquired a new position in Accenture in the fourth quarter valued at $50,000. Finally, Valley National Advisers Inc. boosted its holdings in Accenture by 40.3% in the third quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock valued at $51,000 after acquiring an additional 48 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Down 0.8 %

Shares of Accenture stock opened at $282.43 on Friday. The firm has a market cap of $189.44 billion, a P/E ratio of 25.61, a P/E/G ratio of 3.19 and a beta of 1.21. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51. The business has a 50-day moving average price of $314.24 and a 200 day moving average price of $341.55.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.11. The firm had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. Accenture’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $2.69 earnings per share. As a group, equities research analysts anticipate that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th were issued a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

Analyst Ratings Changes

A number of brokerages recently weighed in on ACN. StockNews.com cut Accenture from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. BMO Capital Markets reduced their target price on Accenture from $385.00 to $375.00 and set a “market perform” rating on the stock in a report on Friday, March 22nd. Mizuho restated a “buy” rating and set a $398.00 price objective (down previously from $426.00) on shares of Accenture in a research note on Friday, March 22nd. Citigroup reduced their price objective on Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Finally, Susquehanna restated a “neutral” rating and set a $360.00 price objective (down previously from $400.00) on shares of Accenture in a research note on Thursday, March 21st. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and an average price target of $380.24.

Read Our Latest Research Report on Accenture

Insider Activity

In other news, COO John F. Walsh sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the transaction, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO John F. Walsh sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the transaction, the chief operating officer now directly owns 17,877 shares in the company, valued at $5,937,488.01. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kathleen R. Mcclure sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $316.00, for a total value of $1,422,000.00. Following the transaction, the chief financial officer now owns 42,781 shares of the company’s stock, valued at $13,518,796. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,083 shares of company stock valued at $8,959,325. 0.07% of the stock is currently owned by insiders.

Accenture Company Profile

(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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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