Accenture plc (NYSE:ACN) Shares Bought by Intrust Bank NA

Intrust Bank NA grew its stake in Accenture plc (NYSE:ACN) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,093 shares of the information technology services provider’s stock after acquiring an additional 125 shares during the quarter. Intrust Bank NA’s holdings in Accenture were worth $2,143,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Morse Asset Management Inc acquired a new position in Accenture in the 3rd quarter valued at about $25,000. FPC Investment Advisory Inc. lifted its holdings in Accenture by 62.2% in the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 28 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Accenture in the fourth quarter worth approximately $30,000. POM Investment Strategies LLC raised its position in Accenture by 64.2% in the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 34 shares during the period. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Accenture in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analysts Set New Price Targets

ACN has been the topic of several research analyst reports. The Goldman Sachs Group upgraded shares of Accenture from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $370.00 to $420.00 in a report on Friday, December 6th. Barclays decreased their price objective on shares of Accenture from $415.00 to $390.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. UBS Group dropped their target price on shares of Accenture from $455.00 to $387.00 and set a “buy” rating for the company in a report on Friday, March 21st. StockNews.com lowered Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Piper Sandler cut their price objective on Accenture from $396.00 to $364.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Accenture has a consensus rating of “Moderate Buy” and an average target price of $378.23.

Insiders Place Their Bets

In other news, insider Angela Beatty sold 961 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $354.47, for a total transaction of $340,645.67. Following the transaction, the insider now directly owns 5,484 shares of the company’s stock, valued at $1,943,913.48. This represents a 14.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 8,793 shares of the company’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 transaction, the chief executive officer now owns 11,858 shares in the company, valued at $4,677,625.26. The trade was a 42.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,905 shares of company stock valued at $8,181,753. 0.02% of the stock is owned by company insiders.

Accenture Stock Down 1.4 %

Shares of NYSE:ACN opened at $304.32 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a 50 day simple moving average of $354.96 and a 200-day simple moving average of $355.97. The company has a market capitalization of $190.44 billion, a PE ratio of 25.53, a P/E/G ratio of 3.23 and a beta of 1.24. Accenture plc has a twelve month low of $278.69 and a twelve month high of $398.35.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $16.64 billion. During the same quarter last year, the business posted $2.77 EPS. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, equities analysts predict that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business 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 $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 48.89%.

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.