Impact Partnership Wealth LLC Has $285,000 Stock Position in Accenture PLC $ACN

Impact Partnership Wealth LLC lowered its holdings in shares of Accenture PLC (NYSE:ACN) by 79.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,063 shares of the information technology services provider’s stock after selling 4,158 shares during the period. Impact Partnership Wealth LLC’s holdings in Accenture were worth $285,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of ACN. Triumph Capital Management acquired a new position in Accenture during the 3rd quarter worth approximately $26,000. Board of the Pension Protection Fund acquired a new position in Accenture during the 4th quarter worth approximately $27,000. Laurel Wealth Advisors LLC acquired a new position in Accenture during the 4th quarter worth approximately $27,000. Private Wealth Management Group LLC increased its position in Accenture by 96.4% during the 4th quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 53 shares in the last quarter. Finally, Steph & Co. increased its position in Accenture by 107.5% during the 4th quarter. Steph & Co. now owns 110 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction of $863,026.08. Following the completion of the sale, the chief executive officer directly owned 12,802 shares in the company, valued at $2,267,746.28. This represents a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by company insiders.

Accenture Trading Up 0.1%

Shares of ACN stock opened at $187.32 on Monday. The stock has a market cap of $124.65 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.77 and a beta of 1.09. The stock has a 50-day moving average of $185.71 and a 200-day moving average of $226.37. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16. Accenture PLC has a 1-year low of $155.82 and a 1-year high of $321.77.

Accenture (NYSE:ACN) last issued its quarterly earnings results 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 company had revenue of $18.04 billion during the quarter, compared to analysts’ expectations of $17.80 billion. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.82 earnings per share. On average, equities research analysts forecast that Accenture PLC will post 13.87 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 9th were given a dividend of $1.63 per share. The ex-dividend date was Thursday, April 9th. This represents a $6.52 annualized dividend and a dividend yield of 3.5%. Accenture’s dividend payout ratio is 53.40%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada lowered their price objective on shares of Accenture from $295.00 to $253.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Deutsche Bank Aktiengesellschaft lowered their target price on Accenture from $280.00 to $230.00 and set a “hold” rating for the company in a report on Friday, March 6th. Morgan Stanley lowered their target price on Accenture from $320.00 to $240.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Citigroup lowered their target price on Accenture from $266.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, February 25th. Finally, Mizuho lowered their target price on Accenture from $309.00 to $280.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Seventeen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $274.50.

Accenture Profile

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.