Snowden Capital Advisors LLC Has $9.06 Million Stake in Accenture plc (NYSE:ACN)

Snowden Capital Advisors LLC lifted its position in shares of Accenture plc (NYSE:ACN) by 0.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,749 shares of the information technology services provider’s stock after buying an additional 42 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Accenture were worth $9,058,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ACN. Accurate Wealth Management LLC increased its holdings in Accenture by 7.3% in the fourth quarter. Accurate Wealth Management LLC now owns 1,833 shares of the information technology services provider’s stock worth $643,000 after purchasing an additional 124 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in shares of Accenture by 54.4% during the 4th quarter. SeaCrest Wealth Management LLC now owns 2,499 shares of the information technology services provider’s stock worth $879,000 after buying an additional 880 shares during the period. Pines Wealth Management LLC bought a new stake in shares of Accenture in the 4th quarter valued at $377,000. Websterrogers Financial Advisors LLC bought a new position in Accenture during the fourth quarter worth $240,000. Finally, Sawyer & Company Inc boosted its position in shares of Accenture by 1.0% during the 4th quarter. Sawyer & Company Inc now owns 15,043 shares of the information technology services provider’s stock worth $5,292,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

ACN has been the topic of a number of research reports. Morgan Stanley lowered their target price on Accenture from $380.00 to $372.00 and set an “equal weight” rating on the stock in a research report on Monday, March 17th. Mizuho lowered their price objective on shares of Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a report on Wednesday, March 19th. Stifel Nicolaus reduced their price objective on shares of Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Royal Bank of Canada dropped their price target on shares of Accenture from $399.00 to $392.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Finally, StockNews.com lowered Accenture from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $381.76.

Insider Buying and Selling at Accenture

In related news, General Counsel Joel Unruch sold 3,563 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the sale, the general counsel now owns 17,237 shares of the company’s stock, valued at approximately $4,857,041.86. This represents a 17.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,284 shares of Accenture stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.63, for a total value of $643,242.92. Following the transaction, the chief executive officer now directly owns 9,965 shares of the company’s stock, valued at $2,806,442.95. The trade was a 18.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,516 shares of company stock valued at $2,507,366 over the last three months. 0.02% of the stock is currently owned by insiders.

Accenture Price Performance

Shares of NYSE:ACN opened at $323.17 on Friday. The company has a market capitalization of $202.41 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35. The company’s 50-day moving average is $302.81 and its 200 day moving average is $341.53. 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 $275.01 and a fifty-two week high of $398.35.

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

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 10th were paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Thursday, April 10th. Accenture’s dividend payout ratio is currently 48.89%.

Accenture 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.