Accenture plc (NYSE:ACN) Shares Acquired by Osprey Private Wealth LLC

Osprey Private Wealth LLC grew its position in Accenture plc (NYSE:ACN) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,870 shares of the information technology services provider’s stock after acquiring an additional 30 shares during the quarter. Accenture comprises approximately 3.2% of Osprey Private Wealth LLC’s portfolio, making the stock its 14th biggest position. Osprey Private Wealth LLC’s holdings in Accenture were worth $4,528,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Czech National Bank lifted its holdings in shares of Accenture by 6.5% during the third quarter. Czech National Bank now owns 127,601 shares of the information technology services provider’s stock worth $45,104,000 after purchasing an additional 7,791 shares during the period. Everpar Advisors LLC lifted its holdings in shares of Accenture by 26.8% during the third quarter. Everpar Advisors LLC now owns 1,122 shares of the information technology services provider’s stock worth $397,000 after purchasing an additional 237 shares during the period. Security National Bank lifted its holdings in shares of Accenture by 4.2% during the third quarter. Security National Bank now owns 17,188 shares of the information technology services provider’s stock worth $6,076,000 after purchasing an additional 696 shares during the period. Greenfield Savings Bank acquired a new stake in shares of Accenture during the third quarter worth $227,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Accenture by 18.7% during the third quarter. Versant Capital Management Inc now owns 654 shares of the information technology services provider’s stock worth $231,000 after purchasing an additional 103 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on ACN shares. Robert W. Baird reissued a “neutral” rating and issued a $370.00 target price on shares of Accenture in a report on Tuesday, December 3rd. UBS Group raised their target price on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, December 20th. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised their target price on Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group raised Accenture from a “neutral” rating to a “buy” rating and raised their target price for the company from $370.00 to $420.00 in a report on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $387.22.

Insider Activity

In other news, General Counsel Joel Unruch sold 4,750 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $362.78, for a total transaction of $1,723,205.00. Following the completion of the sale, the general counsel now owns 20,526 shares in the company, valued at approximately $7,446,422.28. The trade was a 18.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela Beatty sold 375 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the sale, the insider now owns 5,149 shares of the company’s stock, valued at $1,845,916.50. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,255 shares of company stock valued at $4,756,101 in the last 90 days. 0.02% of the stock is currently owned by insiders.

Accenture Trading Up 1.8 %

Shares of ACN stock opened at $391.98 on Wednesday. Accenture plc has a twelve month low of $278.69 and a twelve month high of $392.45. The firm has a 50-day moving average price of $360.05 and a 200 day moving average price of $350.64. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $245.30 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 3.43 and a beta of 1.24.

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

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s dividend payout ratio is currently 49.66%.

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.