Ascent Wealth Partners LLC Acquires 1,869 Shares of Accenture Plc (NYSE:ACN)
Ascent Wealth Partners LLC raised its holdings in Accenture Plc (NYSE:ACN) by 5.8% in the first quarter, HoldingsChannel.com reports. The firm owned 34,216 shares of the information technology services provider’s stock after purchasing an additional 1,869 shares during the quarter. Accenture comprises approximately 2.0% of Ascent Wealth Partners LLC’s holdings, making the stock its 15th biggest holding. Ascent Wealth Partners LLC’s holdings in Accenture were worth $6,023,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Valley National Advisers Inc. lifted its holdings in shares of Accenture by 70.2% during the 4th quarter. Valley National Advisers Inc. now owns 177 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 73 shares during the period. Truvestments Capital LLC bought a new stake in shares of Accenture during the 1st quarter worth approximately $27,000. Financial Gravity Wealth Inc. bought a new stake in shares of Accenture during the 1st quarter worth approximately $30,000. Semmax Financial Advisors Inc. bought a new stake in shares of Accenture during the 1st quarter worth approximately $32,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Accenture by 455.9% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 189 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 155 shares during the period. 69.29% of the stock is owned by hedge funds and other institutional investors.
ACN stock opened at $184.59 on Thursday. The company has a market cap of $123.22 billion, a P/E ratio of 25.97, a P/E/G ratio of 2.43 and a beta of 1.08. Accenture Plc has a 1 year low of $132.63 and a 1 year high of $186.68.
The firm also recently declared a semiannual dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th were given a $1.46 dividend. This represents a yield of 1.66%. The ex-dividend date was Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is currently 43.32%.
In other Accenture news, insider Ellyn Shook sold 2,343 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $175.83, for a total value of $411,969.69. Following the completion of the transaction, the insider now directly owns 33,545 shares in the company, valued at approximately $5,898,217.35. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Johan Deblaere sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $175.80, for a total transaction of $527,400.00. Following the completion of the transaction, the chief operating officer now owns 74,937 shares of the company’s stock, valued at $13,173,924.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 65,919 shares of company stock valued at $11,695,852. Corporate insiders own 0.18% of the company’s stock.
A number of analysts have recently weighed in on the stock. Berenberg Bank reaffirmed a “buy” rating and set a $190.00 price target on shares of Accenture in a report on Monday, April 1st. William Blair reaffirmed an “outperform” rating on shares of Accenture in a report on Friday, March 29th. Credit Suisse Group set a $170.00 price objective on shares of Accenture and gave the stock a “hold” rating in a research report on Tuesday, April 9th. ValuEngine upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Bank of America cut shares of Accenture from a “buy” rating to a “neutral” rating in a research report on Friday, May 3rd. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $184.11.
Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.
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