RFG Advisory LLC Acquires 35 Shares of Accenture plc (NYSE:ACN)

RFG Advisory LLC boosted its stake in shares of Accenture plc (NYSE:ACN) by 1.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,044 shares of the information technology services provider’s stock after buying an additional 35 shares during the quarter. RFG Advisory LLC’s holdings in Accenture were worth $1,071,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Neumann Capital Management LLC lifted its stake in shares of Accenture by 1.4% in the fourth quarter. Neumann Capital Management LLC now owns 7,122 shares of the information technology services provider’s stock worth $2,505,000 after acquiring an additional 100 shares during the period. Motive Wealth Advisors bought a new position in Accenture during the 4th quarter worth approximately $225,000. MFA Wealth Services acquired a new position in shares of Accenture in the 4th quarter worth approximately $237,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in shares of Accenture by 399.5% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 4,366 shares of the information technology services provider’s stock worth $1,539,000 after buying an additional 3,492 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Accenture during the fourth quarter worth $288,000. Institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group increased their price target on Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Robert W. Baird reaffirmed a “neutral” rating and set a $370.00 target price on shares of Accenture in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. increased their price target on Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, December 16th. Wolfe Research upgraded shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective for the company in a research note on Wednesday, January 8th. Finally, BMO Capital Markets increased their target price on shares of Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target of $383.74.

Accenture Stock Down 0.2 %

ACN opened at $362.65 on Friday. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51. The firm has a market capitalization of $226.94 billion, a P/E ratio of 30.42, a PEG ratio of 3.20 and a beta of 1.24. The company’s 50-day moving average is $357.37 and its 200 day moving average is $347.30. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. The firm had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.27 EPS. Research analysts expect that Accenture plc will post 12.69 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, January 16th. Accenture’s payout ratio is 49.66%.

Insider Buying and Selling

In other news, CEO Ryoji Sekido sold 3,191 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $343.70, for a total transaction of $1,096,746.70. Following the transaction, the chief executive officer now owns 6 shares of the company’s stock, valued at $2,062.20. This represents a 99.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 8,136 shares of Accenture stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $362.07, for a total value of $2,945,801.52. Following the completion of the sale, the chief executive officer now directly owns 12,188 shares of the company’s stock, valued at approximately $4,412,909.16. This trade represents a 40.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,332 shares of company stock valued at $6,172,719. 0.02% of the stock is owned by insiders.

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.