Consilio Wealth Advisors LLC bought a new stake in Accenture plc (NYSE:ACN – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm bought 580 shares of the information technology services provider’s stock, valued at approximately $204,000.
Several other large investors have also added to or reduced their stakes in ACN. Thoroughbred Financial Services LLC lifted its position in shares of Accenture by 12.0% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,899 shares of the information technology services provider’s stock worth $1,486,000 after buying an additional 524 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Accenture by 139.7% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 8,630 shares of the information technology services provider’s stock worth $2,619,000 after buying an additional 5,029 shares in the last quarter. Diversify Wealth Management LLC bought a new position in shares of Accenture during the 2nd quarter worth approximately $2,994,000. Wilkins Investment Counsel Inc. lifted its position in shares of Accenture by 1.5% during the 2nd quarter. Wilkins Investment Counsel Inc. now owns 20,620 shares of the information technology services provider’s stock worth $6,256,000 after buying an additional 300 shares in the last quarter. Finally, Rock Point Advisors LLC lifted its position in shares of Accenture by 17.8% during the 2nd quarter. Rock Point Advisors LLC now owns 28,826 shares of the information technology services provider’s stock worth $8,746,000 after buying an additional 4,357 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.
Wall Street Analyst Weigh In
ACN has been the topic of several recent analyst reports. UBS Group lifted their target price on shares of Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Mizuho lifted their price target on shares of Accenture from $352.00 to $365.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Royal Bank of Canada lifted their price target on shares of Accenture from $377.00 to $389.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Piper Sandler Companies reaffirmed a “neutral” rating and issued a $329.00 price target on shares of Accenture in a report on Friday, September 20th. Finally, Piper Sandler lifted their price target on shares of Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average target price of $385.04.
Insider Activity at Accenture
In other news, CAO Melissa A. Burgum sold 458 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $373.25, for a total transaction of $170,948.50. Following the sale, the chief accounting officer now directly owns 9,777 shares in the company, valued at $3,649,265.25. This trade represents a 4.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela Beatty sold 673 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $372.18, for a total transaction of $250,477.14. Following the sale, the insider now owns 5,650 shares in the company, valued at $2,102,817. The trade was a 10.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 36,673 shares of company stock worth $13,507,099 over the last quarter. Company insiders own 0.02% of the company’s stock.
Accenture Trading Up 0.1 %
ACN traded up $0.50 during midday trading on Monday, reaching $350.29. The company’s stock had a trading volume of 1,317,998 shares, compared to its average volume of 2,513,445. The stock’s 50-day moving average is $357.82 and its 200-day moving average is $344.30. Accenture plc has a 1 year low of $278.69 and a 1 year high of $387.51. The firm has a market capitalization of $219.21 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 3.23 and a beta of 1.24.
Accenture (NYSE:ACN – Get Free Report) last posted its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. Accenture had a net margin of 11.20% and a return on equity of 26.83%. The firm had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. During the same quarter in the prior year, the company posted $3.27 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities research analysts forecast that Accenture plc will post 12.74 earnings per share for the current fiscal year.
Accenture Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s payout ratio is 49.66%.
Accenture declared that its board has authorized a stock buyback plan on Thursday, September 26th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the information technology services provider to purchase up to 1.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
Accenture Company 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.
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