Accenture plc (NYSE:ACN) Stock Position Increased by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC grew its holdings in shares of Accenture plc (NYSE:ACN) by 673.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,120 shares of the information technology services provider’s stock after acquiring an additional 1,846 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Accenture were worth $746,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Masso Torrence Wealth Management Inc. boosted its stake 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 valued at $511,000 after purchasing an additional 28 shares in the last quarter. BSW Wealth Partners boosted its stake in Accenture by 0.7% during the third quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider’s stock valued at $1,441,000 after buying an additional 28 shares in the last quarter. Slow Capital Inc. grew its holdings in Accenture by 0.3% during the third quarter. Slow Capital Inc. now owns 9,067 shares of the information technology services provider’s stock worth $3,205,000 after acquiring an additional 29 shares during the period. Tradition Wealth Management LLC lifted its holdings in Accenture by 0.3% in the 3rd quarter. Tradition Wealth Management LLC now owns 10,951 shares of the information technology services provider’s stock valued at $3,871,000 after acquiring an additional 29 shares during the last quarter. Finally, NBC Securities Inc. boosted its position in shares of Accenture by 0.6% during the 3rd quarter. NBC Securities Inc. now owns 5,206 shares of the information technology services provider’s stock valued at $1,840,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In other Accenture news, General Counsel Joel Unruch sold 4,750 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $362.78, for a total transaction of $1,723,205.00. Following the completion of the transaction, the general counsel now owns 20,526 shares of the company’s stock, valued at $7,446,422.28. The trade was a 18.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Beatty sold 375 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.50, for a total value of $134,437.50. Following the completion of the sale, the insider now directly owns 5,149 shares in the company, valued at approximately $1,845,916.50. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,255 shares of company stock valued at $4,756,101 over the last quarter. Insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ACN. UBS Group increased their target price on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Wolfe Research upgraded Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective for the company in a research report on Wednesday, January 8th. Piper Sandler lifted their target price on Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Finally, Robert W. Baird restated a “neutral” rating and set a $370.00 price objective on shares of Accenture in a report on Tuesday, December 3rd. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $387.22.

Accenture Stock Performance

Shares of ACN stock opened at $384.88 on Monday. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51. The stock’s 50-day moving average is $359.56 and its two-hundred day moving average is $350.06. 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 firm has a market cap of $240.86 billion, a P/E ratio of 32.29, a PEG ratio of 3.33 and a beta of 1.24.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $17.69 billion for the quarter, compared to analyst estimates of $17.15 billion. During the same quarter last year, the firm earned $3.27 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Analysts predict that Accenture plc will post 12.69 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, January 16th. Accenture’s payout ratio is 49.66%.

Accenture 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.