Mayflower Financial Advisors LLC Has $777,000 Position in Accenture plc (NYSE:ACN)

Mayflower Financial Advisors LLC increased its position in shares of Accenture plc (NYSE:ACNFree Report) by 20.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,215 shares of the information technology services provider’s stock after purchasing an additional 382 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Accenture were worth $777,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. First Foundation Advisors increased its stake in Accenture by 6.8% in the second quarter. First Foundation Advisors now owns 11,574 shares of the information technology services provider’s stock valued at $3,572,000 after acquiring an additional 741 shares during the last quarter. BOKF NA increased its stake in shares of Accenture by 0.6% in the 2nd quarter. BOKF NA now owns 45,759 shares of the information technology services provider’s stock valued at $14,120,000 after purchasing an additional 276 shares during the last quarter. New Republic Capital LLC acquired a new position in shares of Accenture during the 2nd quarter worth $606,000. Ameriprise Financial Inc. lifted its position in shares of Accenture by 2.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock worth $1,315,832,000 after buying an additional 96,414 shares during the last quarter. Finally, Dash Acquisitions Inc. grew its position in Accenture by 1.0% in the third quarter. Dash Acquisitions Inc. now owns 34,043 shares of the information technology services provider’s stock valued at $10,361,000 after acquiring an additional 330 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, General Counsel Joel Unruch sold 4,333 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $371.83, for a total transaction of $1,611,139.39. Following the completion of the sale, the general counsel now owns 34,795 shares in the company, valued at $12,937,824.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, General Counsel Joel Unruch sold 4,333 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $371.83, for a total transaction of $1,611,139.39. Following the completion of the transaction, the general counsel now owns 34,795 shares of the company’s stock, valued at $12,937,824.85. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $371.81, for a total value of $1,859,050.00. Following the completion of the sale, the insider now owns 20,316 shares in the company, valued at approximately $7,553,691.96. The disclosure for this sale can be found here. Insiders sold a total of 31,000 shares of company stock valued at $11,146,998 over the last three months. Corporate insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of research reports. Citigroup dropped their target price on shares of Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Guggenheim assumed coverage on Accenture in a research report on Tuesday, March 19th. They set a “buy” rating and a $425.00 price objective on the stock. StockNews.com cut Accenture from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Morgan Stanley raised their price objective on shares of Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a report on Monday, March 18th. Finally, Robert W. Baird raised their price target on shares of Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Eight research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and a consensus target price of $387.00.

Check Out Our Latest Stock Report on ACN

Accenture Stock Up 1.7 %

Shares of NYSE:ACN opened at $346.61 on Monday. Accenture plc has a twelve month low of $261.68 and a twelve month high of $387.51. The firm has a market capitalization of $232.49 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 3.28 and a beta of 1.20. The stock’s 50 day moving average is $368.52 and its 200-day moving average is $340.74.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.11. The business had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.69 EPS. Equities research analysts anticipate that Accenture plc will post 12.1 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be paid a $1.29 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.49%. Accenture’s payout ratio is presently 46.78%.

Accenture Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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