Crowley Wealth Management Inc. Invests $131,000 in Accenture plc (NYSE:ACN)

Crowley Wealth Management Inc. purchased a new stake in shares of Accenture plc (NYSE:ACN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 373 shares of the information technology services provider’s stock, valued at approximately $131,000.

A number of other hedge funds also recently modified their holdings of the company. Morse Asset Management Inc bought a new stake in Accenture in the 3rd quarter valued at $25,000. FPC Investment Advisory Inc. raised its position in Accenture by 62.2% in the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Accenture during the 4th quarter worth approximately $30,000. POM Investment Strategies LLC boosted its stake in shares of Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 34 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in Accenture in the fourth quarter valued at about $34,000. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In other Accenture news, CFO Angie Y. Park sold 685 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $354.38, for a total transaction of $242,750.30. Following the transaction, the chief financial officer now owns 8,674 shares of the company’s stock, valued at $3,073,892.12. The trade was a 7.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Angela Beatty sold 961 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $354.47, for a total value of $340,645.67. Following the completion of the sale, the insider now directly owns 5,484 shares of the company’s stock, valued at approximately $1,943,913.48. The trade was a 14.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,280 shares of company stock worth $8,316,190. 0.02% of the stock is owned by insiders.

Accenture Stock Up 1.4 %

Accenture stock opened at $305.17 on Friday. Accenture plc has a twelve month low of $278.69 and a twelve month high of $398.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $359.16 and a 200-day moving average of $357.24. The stock has a market capitalization of $190.97 billion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.01. The firm had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $2.77 EPS. On average, equities research analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be issued a $1.48 dividend. 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%.

Analyst Ratings Changes

ACN has been the subject of a number of research analyst reports. Guggenheim cut their target price on shares of Accenture from $400.00 to $395.00 and set a “buy” rating for the company in a research note on Friday. UBS Group reduced their price objective on Accenture from $455.00 to $387.00 and set a “buy” rating on the stock in a research note on Friday. StockNews.com cut Accenture from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Baird R W raised shares of Accenture from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Finally, The Goldman Sachs Group raised Accenture from a “neutral” rating to a “buy” rating and lifted their target price for the company from $370.00 to $420.00 in a research note on Friday, December 6th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $380.05.

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.