Fi3 FINANCIAL ADVISORS LLC Acquires 43 Shares of Accenture plc (NYSE:ACN)

Fi3 FINANCIAL ADVISORS LLC raised its holdings in Accenture plc (NYSE:ACN) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,130 shares of the information technology services provider’s stock after buying an additional 43 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Accenture were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB increased its holdings in Accenture by 16.6% during the 3rd quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider’s stock worth $901,967,000 after purchasing an additional 363,401 shares in the last quarter. John G Ullman & Associates Inc. bought a new stake in Accenture during the third quarter worth $218,000. LPL Financial LLC grew its holdings in Accenture by 8.7% during the third quarter. LPL Financial LLC now owns 532,534 shares of the information technology services provider’s stock worth $188,240,000 after buying an additional 42,753 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its stake in shares of Accenture by 0.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 13,014 shares of the information technology services provider’s stock worth $4,600,000 after acquiring an additional 102 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new stake in shares of Accenture in the 3rd quarter worth $377,000. 75.14% of the stock is owned by institutional investors.

Accenture Price Performance

ACN stock opened at $305.17 on Friday. The firm has a 50 day moving average of $359.16 and a 200-day moving average of $357.13. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35. The firm has a market capitalization of $190.97 billion, a P/E ratio of 25.60, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.81 by $0.01. The firm had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm earned $2.77 EPS. As a group, sell-side analysts predict that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be given a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.94%. Accenture’s dividend payout ratio (DPR) is presently 49.66%.

Insider Activity

In other news, CAO Melissa A. Burgum sold 1,487 shares of Accenture stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the completion of the sale, the chief accounting officer now directly owns 9,247 shares of the company’s stock, valued at approximately $3,278,431.38. The trade was a 13.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Angela Beatty sold 375 shares of Accenture stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the sale, the insider now directly owns 5,149 shares of the company’s stock, valued at approximately $1,845,916.50. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,280 shares of company stock worth $8,316,190. 0.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ACN. Guggenheim reduced their price objective on shares of Accenture from $400.00 to $395.00 and set a “buy” rating for the company in a research report on Friday. Baird R W raised Accenture from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. StockNews.com downgraded Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Robert W. Baird upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price target for the company in a research report on Monday, March 17th. Finally, The Goldman Sachs Group upgraded shares of Accenture from a “neutral” rating to a “buy” rating and increased their price target for the company from $370.00 to $420.00 in a research report on Friday, December 6th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and an average price target of $380.05.

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.