Accenture PLC $ACN Shares Bought by Aprio Wealth Management LLC

Aprio Wealth Management LLC lifted its stake in Accenture PLC (NYSE:ACNFree Report) by 180.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,729 shares of the information technology services provider’s stock after acquiring an additional 3,040 shares during the period. Aprio Wealth Management LLC’s holdings in Accenture were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. lifted its stake in Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after purchasing an additional 61 shares during the last quarter. Triumph Capital Management acquired a new stake in Accenture during the third quarter valued at approximately $26,000. Board of the Pension Protection Fund acquired a new stake in Accenture during the fourth quarter valued at approximately $27,000. Davis Capital Management acquired a new stake in Accenture during the third quarter valued at approximately $28,000. Finally, Private Wealth Management Group LLC lifted its stake in Accenture by 96.4% during the fourth quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 53 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Stock Down 1.0%

Accenture stock opened at $176.66 on Tuesday. The firm has a market cap of $117.56 billion, a PE ratio of 14.47, a P/E/G ratio of 1.69 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.34. The firm’s 50 day moving average price is $198.88 and its two-hundred day moving average price is $237.14. Accenture PLC has a twelve month low of $173.84 and a twelve month high of $325.71.

Accenture (NYSE:ACNGet Free Report) last released its quarterly earnings data on Friday, March 20th. The information technology services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.09. The firm had revenue of $18.04 billion for the quarter, compared to analyst estimates of $17.80 billion. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.82 EPS. On average, research analysts predict that Accenture PLC will post 13.87 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be paid a dividend of $1.63 per share. The ex-dividend date is Thursday, April 9th. This represents a $6.52 annualized dividend and a dividend yield of 3.7%. Accenture’s dividend payout ratio is 53.40%.

Key Headlines Impacting Accenture

Here are the key news stories impacting Accenture this week:

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ACN. Wells Fargo & Company boosted their price target on shares of Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Jefferies Financial Group raised their target price on Accenture from $270.00 to $280.00 and gave the stock a “hold” rating in a research report on Thursday, January 8th. TD Cowen decreased their target price on Accenture from $282.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, March 16th. UBS Group reissued a “buy” rating on shares of Accenture in a research report on Tuesday, March 17th. Finally, HSBC dropped their price target on Accenture from $220.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Seventeen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $274.50.

Get Our Latest Analysis on Accenture

Insider Activity at Accenture

In other news, CEO Julie Spellman Sweet sold 6,057 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the transaction, the chief executive officer owned 15,255 shares in the company, valued at $3,679,963.65. This represents a 28.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.02% of the stock is currently owned by company insiders.

Accenture Profile

(Free Report)

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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