Accenture plc (NYSE:ACN) Shares Purchased by Wealth Architects LLC

Wealth Architects LLC boosted its stake in shares of Accenture plc (NYSE:ACN) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,506 shares of the information technology services provider’s stock after purchasing an additional 56 shares during the period. Wealth Architects LLC’s holdings in Accenture were worth $533,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ACN. Masso Torrence Wealth Management Inc. lifted its position in Accenture by 2.0% during the 3rd quarter. Masso Torrence Wealth Management Inc. now owns 1,447 shares of the information technology services provider’s stock worth $511,000 after acquiring an additional 28 shares during the period. BSW Wealth Partners lifted its holdings in shares of Accenture by 0.7% during the third quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider’s stock worth $1,441,000 after purchasing an additional 28 shares during the period. Slow Capital Inc. boosted its position in Accenture by 0.3% in the third quarter. Slow Capital Inc. now owns 9,067 shares of the information technology services provider’s stock valued at $3,205,000 after buying an additional 29 shares during the last quarter. NBC Securities Inc. raised its position in Accenture by 0.6% during the 3rd quarter. NBC Securities Inc. now owns 5,206 shares of the information technology services provider’s stock worth $1,840,000 after buying an additional 30 shares during the last quarter. Finally, Conscious Wealth Investments LLC lifted its stake in Accenture by 0.4% during the 3rd quarter. Conscious Wealth Investments LLC now owns 7,744 shares of the information technology services provider’s stock valued at $2,870,000 after acquiring an additional 31 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In related news, CFO Kathleen R. Mcclure sold 5,090 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $373.22, for a total value of $1,899,689.80. Following the completion of the sale, the chief financial officer now owns 38,825 shares of the company’s stock, valued at approximately $14,490,266.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, COO John F. Walsh sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $373.24, for a total transaction of $1,866,200.00. Following the completion of the sale, the chief operating officer now directly owns 17,593 shares of the company’s stock, valued at approximately $6,566,411.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kathleen R. Mcclure sold 5,090 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $373.22, for a total transaction of $1,899,689.80. Following the completion of the transaction, the chief financial officer now directly owns 38,825 shares in the company, valued at $14,490,266.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 36,298 shares of company stock worth $13,372,661 in the last three months. 0.07% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ACN has been the topic of a number of research reports. Robert W. Baird increased their price objective on shares of Accenture from $350.00 to $370.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. BMO Capital Markets lifted their price objective on Accenture from $380.00 to $390.00 and gave the company a “market perform” rating in a research note on Friday, September 27th. TD Cowen upgraded Accenture from a “hold” rating to a “buy” rating and upped their target price for the stock from $321.00 to $400.00 in a research note on Monday, September 30th. Piper Sandler upgraded Accenture from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $329.00 to $395.00 in a research report on Thursday, September 26th. Finally, Royal Bank of Canada upped their price objective on Accenture from $377.00 to $389.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.23.

Accenture Stock Performance

NYSE ACN opened at $356.13 on Thursday. Accenture plc has a one year low of $278.69 and a one year high of $387.51. The business has a fifty day moving average price of $352.96 and a 200 day moving average price of $324.80. The company has a market cap of $222.64 billion, a P/E ratio of 31.16, a P/E/G ratio of 3.02 and a beta of 1.25.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 26th. The information technology services provider reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.01. Accenture had a net margin of 11.20% and a return on equity of 26.83%. The firm had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $16.37 billion. During the same period last year, the firm posted $2.71 earnings per share. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, sell-side analysts predict that Accenture plc will post 12.77 EPS for the current fiscal year.

Accenture declared that its board has approved a stock repurchase program on Thursday, September 26th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the information technology services provider to purchase up to 1.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 10th will be paid a dividend of $1.48 per share. The ex-dividend date is Thursday, October 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.66%. This is a positive change from Accenture’s previous quarterly dividend of $1.29. Accenture’s payout ratio is 51.79%.

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.