Carbahal Olsen Financial Services Group LLC Takes $282,000 Position in Accenture plc (NYSE:ACN)

Carbahal Olsen Financial Services Group LLC acquired a new stake in Accenture plc (NYSE:ACN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 803 shares of the information technology services provider’s stock, valued at approximately $282,000. Accenture accounts for about 0.3% of Carbahal Olsen Financial Services Group LLC’s investment portfolio, making the stock its 26th largest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Baldwin Wealth Partners LLC MA lifted its position in shares of Accenture by 6.5% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock valued at $22,314,000 after acquiring an additional 3,883 shares during the period. Davidson Trust Co. raised its holdings in Accenture by 7.4% in the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock valued at $812,000 after acquiring an additional 158 shares during the last quarter. Franklin Street Advisors Inc. NC increased its stake in Accenture by 126.8% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider’s stock valued at $14,090,000 after purchasing an additional 22,391 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its stake in shares of Accenture by 37.5% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider’s stock valued at $1,088,000 after buying an additional 843 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its stake in shares of Accenture by 127.1% during the fourth quarter. SteelPeak Wealth LLC now owns 2,323 shares of the information technology services provider’s stock valued at $817,000 after purchasing an additional 1,300 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

ACN opened at $282.28 on Friday. The stock has a 50-day moving average of $326.22 and a 200-day moving average of $349.73. 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 plc has a 52-week low of $275.01 and a 52-week high of $398.35. The company has a market cap of $176.80 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32.

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

Accenture Dividend Announcement

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 dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture’s payout ratio is 48.89%.

Insider Activity

In other news, CEO Julie Spellman Sweet sold 8,793 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the sale, the chief executive officer now owns 11,858 shares in the company, valued at approximately $4,677,625.26. This represents a 42.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela Beatty sold 169 shares of the business’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.90, for a total transaction of $47,641.10. Following the completion of the transaction, the insider now directly owns 5,364 shares of the company’s stock, valued at approximately $1,512,111.60. This represents a 3.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,778 shares of company stock worth $8,408,087. Company insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ACN. StockNews.com downgraded Accenture from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Morgan Stanley dropped their price objective on shares of Accenture from $380.00 to $372.00 and set an “equal weight” rating on the stock in a report on Monday, March 17th. Wolfe Research upgraded Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target for the company in a research report on Wednesday, January 8th. Jefferies Financial Group lowered their price objective on shares of Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a research note on Tuesday, January 21st. Finally, Guggenheim dropped their price target on shares of Accenture from $400.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $377.82.

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.