100 Shares in Accenture plc (NYSE:ACN) Purchased by Mountain Hill Investment Partners Corp.

Mountain Hill Investment Partners Corp. purchased a new stake in shares of Accenture plc (NYSE:ACN) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 100 shares of the information technology services provider’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Crowley Wealth Management Inc. purchased a new stake in Accenture in the fourth quarter worth $131,000. Vanguard Group Inc. lifted its position in shares of Accenture by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 60,394,657 shares of the information technology services provider’s stock worth $21,246,236,000 after purchasing an additional 392,183 shares during the period. Haverford Financial Services Inc. boosted its stake in shares of Accenture by 0.4% during the 4th quarter. Haverford Financial Services Inc. now owns 34,975 shares of the information technology services provider’s stock valued at $12,304,000 after purchasing an additional 126 shares in the last quarter. Napatree Capital LLC increased its position in shares of Accenture by 32.0% during the fourth quarter. Napatree Capital LLC now owns 1,192 shares of the information technology services provider’s stock valued at $419,000 after buying an additional 289 shares during the period. Finally, LPL Financial LLC lifted its holdings in Accenture by 11.3% in the fourth quarter. LPL Financial LLC now owns 592,510 shares of the information technology services provider’s stock worth $208,449,000 after buying an additional 59,976 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Transactions at Accenture

In other news, CAO Melissa A. Burgum sold 1,487 shares of Accenture stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the transaction, the chief accounting officer now owns 9,247 shares in the company, valued at $3,278,431.38. This trade represents a 13.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Angie Y. Park sold 685 shares of the company’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $354.38, for a total value of $242,750.30. Following the completion of the sale, the chief financial officer now owns 8,674 shares of the company’s stock, valued at $3,073,892.12. This trade represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,905 shares of company stock worth $8,181,753 in the last quarter. Company insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Mizuho decreased their target price on Accenture from $428.00 to $398.00 and set an “outperform” rating for the company in a research report on Wednesday, March 19th. Morgan Stanley decreased their price objective on Accenture from $380.00 to $372.00 and set an “equal weight” rating for the company in a report on Monday, March 17th. Jefferies Financial Group dropped their target price on shares of Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target for the company in a research report on Wednesday, January 8th. Finally, StockNews.com cut shares of Accenture from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $380.05.

Accenture Stock Performance

Shares of ACN stock opened at $305.17 on Monday. The firm has a market capitalization of $190.97 billion, a PE ratio of 25.60, a P/E/G ratio of 3.23 and a beta of 1.24. The company has a 50 day moving average price of $359.16 and a 200-day moving average price of $357.33. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN) last announced 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. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. During the same period in the previous year, the business earned $2.77 EPS. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities research analysts expect that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture’s payout ratio is currently 49.66%.

About Accenture

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.