Pinnacle Financial Partners Inc Has $2.20 Million Stock Holdings in Accenture plc (NYSE:ACN)

Pinnacle Financial Partners Inc increased its position in shares of Accenture plc (NYSE:ACNFree Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,267 shares of the information technology services provider’s stock after acquiring an additional 184 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in Accenture were worth $2,199,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. United Bank increased its holdings in Accenture by 6.3% in the first quarter. United Bank now owns 2,969 shares of the information technology services provider’s stock valued at $1,001,000 after purchasing an additional 176 shares during the last quarter. Weitz Investment Management Inc. increased its holdings in Accenture by 1.3% in the first quarter. Weitz Investment Management Inc. now owns 89,400 shares of the information technology services provider’s stock valued at $30,148,000 after purchasing an additional 1,168 shares during the last quarter. Fund Management at Engine No. 1 LLC bought a new stake in Accenture in the first quarter valued at about $1,805,000. Guardian Wealth Management Inc. increased its holdings in Accenture by 0.6% in the first quarter. Guardian Wealth Management Inc. now owns 7,292 shares of the information technology services provider’s stock valued at $2,459,000 after purchasing an additional 41 shares during the last quarter. Finally, Clearbridge Investments LLC increased its holdings in Accenture by 104.8% in the first quarter. Clearbridge Investments LLC now owns 441,451 shares of the information technology services provider’s stock valued at $148,871,000 after purchasing an additional 225,943 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

ACN has been the subject of a number of recent analyst reports. Wedbush upped their price objective on Accenture from $330.00 to $360.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Mizuho restated a “buy” rating and issued a $398.00 price target (down from $426.00) on shares of Accenture in a report on Friday, March 22nd. StockNews.com downgraded Accenture from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. BNP Paribas upgraded Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price target for the company in a report on Wednesday, January 17th. Finally, Robert W. Baird increased their price target on Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a report on Thursday, March 7th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $387.00.

Get Our Latest Analysis on Accenture

Accenture Stock Performance

Shares of NYSE ACN opened at $336.46 on Wednesday. The stock has a 50 day moving average price of $367.96 and a 200 day moving average price of $341.08. Accenture plc has a 52 week low of $261.68 and a 52 week high of $387.51. The stock has a market capitalization of $225.68 billion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 3.28 and a beta of 1.19.

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

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be given 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 1.53%. Accenture’s payout ratio is 46.78%.

Insider Activity

In other news, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $332.13, for a total value of $2,657,040.00. Following the completion of the sale, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Melissa A. Burgum sold 3,010 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $371.80, for a total transaction of $1,119,118.00. Following the transaction, the chief accounting officer now owns 9,193 shares in the company, valued at $3,417,957.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John F. Walsh sold 8,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $332.13, for a total value of $2,657,040.00. Following the transaction, the chief operating officer now owns 17,877 shares in the company, valued at approximately $5,937,488.01. 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. Insiders own 0.07% of the company’s stock.

Accenture Company 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.

Read More

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.