Baldwin Wealth Partners LLC MA Acquires 3,883 Shares of Accenture plc (NYSE:ACN)

Baldwin Wealth Partners LLC MA lifted its holdings in Accenture plc (NYSE:ACN) by 6.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 63,429 shares of the information technology services provider’s stock after purchasing an additional 3,883 shares during the period. Accenture accounts for 1.5% of Baldwin Wealth Partners LLC MA’s portfolio, making the stock its 18th biggest position. Baldwin Wealth Partners LLC MA’s holdings in Accenture were worth $22,314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Schrum Private Wealth Management LLC increased its holdings in shares of Accenture by 78.6% in the third quarter. Schrum Private Wealth Management LLC now owns 11,448 shares of the information technology services provider’s stock valued at $4,047,000 after purchasing an additional 5,038 shares during the last quarter. MQS Management LLC acquired a new position in shares of Accenture in the third quarter valued at $1,040,000. Concurrent Investment Advisors LLC increased its holdings in shares of Accenture by 70.6% in the third quarter. Concurrent Investment Advisors LLC now owns 35,591 shares of the information technology services provider’s stock valued at $12,581,000 after purchasing an additional 14,724 shares during the last quarter. M&G PLC increased its holdings in shares of Accenture by 34.1% in the third quarter. M&G PLC now owns 292,808 shares of the information technology services provider’s stock valued at $103,361,000 after purchasing an additional 74,438 shares during the last quarter. Finally, Radnor Capital Management LLC increased its holdings in shares of Accenture by 21.6% in the third quarter. Radnor Capital Management LLC now owns 22,131 shares of the information technology services provider’s stock valued at $7,823,000 after purchasing an additional 3,930 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Transactions at Accenture

In other news, insider Angela Beatty sold 375 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the completion of the sale, the insider now owns 5,149 shares of the company’s stock, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ryoji Sekido sold 3,191 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $343.70, for a total transaction of $1,096,746.70. Following the sale, the chief executive officer now directly owns 6 shares of the company’s stock, valued at approximately $2,062.20. This trade represents a 99.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,196 shares of company stock valued at $3,226,918 in the last quarter. 0.02% of the stock is currently owned by company insiders.

Accenture Stock Performance

NYSE:ACN opened at $367.28 on Monday. The company has a market capitalization of $229.84 billion, a PE ratio of 30.80, a P/E/G ratio of 3.20 and a beta of 1.24. The company has a 50 day simple moving average of $357.37 and a two-hundred day simple moving average of $348.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. The business had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.27 EPS. Research analysts anticipate that Accenture plc will post 12.69 earnings per share for the current year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s dividend payout ratio (DPR) is 49.66%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ACN shares. Piper Sandler boosted their target price on shares of Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. BMO Capital Markets boosted their target price on shares of Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. TD Cowen raised shares of Accenture from a “hold” rating to a “buy” rating and boosted their target price for the company from $321.00 to $400.00 in a research report on Monday, September 30th. Jefferies Financial Group reduced their target price on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Finally, UBS Group upped their price objective on shares of Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $383.74.

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.