Country Club Bank Buys 50 Shares of Accenture plc (NYSE:ACN)

Country Club Bank boosted its stake in Accenture plc (NYSE:ACN) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,770 shares of the information technology services provider’s stock after purchasing an additional 50 shares during the quarter. Country Club Bank’s holdings in Accenture were worth $1,329,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ACN. Morse Asset Management Inc bought a new stake in Accenture during the third quarter worth $25,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Accenture during the 3rd quarter worth $30,000. Retirement Wealth Solutions LLC bought a new position in Accenture in the fourth quarter valued at about $34,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of Accenture by 607.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 85 shares during the last quarter. Finally, Berbice Capital Management LLC acquired a new stake in shares of Accenture in the 4th quarter valued at approximately $35,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Trading Up 1.6 %

Shares of ACN stock opened at $397.92 on Thursday. The company has a market cap of $249.01 billion, a P/E ratio of 33.38, a PEG ratio of 3.43 and a beta of 1.24. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35. The stock has a 50 day simple moving average of $360.63 and a two-hundred day simple moving average of $351.08. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47.

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

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 dividend on an annualized basis and a yield of 1.49%. Accenture’s dividend payout ratio (DPR) is presently 49.66%.

Insider Transactions at Accenture

In related news, General Counsel Joel Unruch sold 4,750 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $362.78, for a total transaction of $1,723,205.00. Following the completion of the sale, the general counsel now owns 20,526 shares in the company, valued at approximately $7,446,422.28. This represents a 18.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Angie Y. Park sold 685 shares of the firm’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $354.38, for a total value of $242,750.30. Following the transaction, the chief financial officer now owns 8,674 shares in the company, valued at approximately $3,073,892.12. This trade represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,255 shares of company stock valued at $4,756,101 over the last ninety days. 0.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ACN shares. Piper Sandler increased their price objective on shares of Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Jefferies Financial Group dropped their price target on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. The Goldman Sachs Group upgraded Accenture from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $370.00 to $420.00 in a research report on Friday, December 6th. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Finally, BNP Paribas downgraded Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price objective for the company. in a research note on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $387.22.

About Accenture

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.