MGO One Seven LLC Acquires 1,052 Shares of Accenture plc (NYSE:ACN)

MGO One Seven LLC boosted its holdings in Accenture plc (NYSE:ACN) by 25.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,235 shares of the information technology services provider’s stock after buying an additional 1,052 shares during the period. MGO One Seven LLC’s holdings in Accenture were worth $1,842,000 as of its most recent SEC filing.

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

Accenture Stock Performance

ACN stock opened at $291.43 on Friday. The stock has a market capitalization of $182.53 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The company has a 50 day moving average price of $318.01 and a 200 day moving average price of $347.71. Accenture plc has a fifty-two week low of $275.01 and a fifty-two week high of $398.35.

Accenture (NYSE:ACN) last issued 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 business had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.77 earnings per share. Analysts forecast that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors 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 annualized dividend and a yield of 2.03%. Accenture’s dividend payout ratio is currently 48.89%.

Wall Street Analysts Forecast Growth

ACN has been the subject of several research reports. Stifel Nicolaus reduced their target price on Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Mizuho decreased their target price on shares of Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 19th. Barclays dropped their price target on shares of Accenture from $415.00 to $390.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. StockNews.com downgraded Accenture from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Finally, Baird R W raised Accenture from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $377.82.

Insiders Place Their Bets

In other news, CEO Julie Spellman Sweet sold 8,793 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 11,858 shares in the company, valued at approximately $4,677,625.26. The trade was a 42.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela Beatty sold 169 shares of Accenture stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.90, for a total transaction of $47,641.10. Following the transaction, the insider now directly owns 5,364 shares in the company, valued at $1,512,111.60. The trade was a 3.05 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,041 shares of company stock valued at $5,254,956. Company insiders own 0.02% of the company’s stock.

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.