Wilmington Savings Fund Society FSB Buys 761 Shares of Accenture plc (NYSE:ACN)

Wilmington Savings Fund Society FSB boosted its stake in Accenture plc (NYSE:ACN) by 1.8% during the 4th quarter, HoldingsChannel reports. The fund owned 41,936 shares of the information technology services provider’s stock after acquiring an additional 761 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Accenture were worth $14,753,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ACN. Morse Asset Management Inc acquired a new stake in Accenture in the 3rd quarter valued at approximately $25,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Accenture in the third quarter valued at approximately $30,000. Retirement Wealth Solutions LLC bought a new stake in shares of Accenture in the fourth quarter worth $34,000. Mowery & Schoenfeld Wealth Management LLC grew its position in Accenture by 607.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 85 shares in the last quarter. Finally, Berbice Capital Management LLC acquired a new stake in Accenture in the 4th quarter valued at $35,000. Institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Julie Spellman Sweet sold 8,793 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total value of $3,468,574.71. Following the sale, the chief executive officer now directly owns 11,858 shares in the company, valued at approximately $4,677,625.26. This trade represents a 42.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total transaction of $91,514.72. Following the completion of the transaction, the chief accounting officer now directly owns 8,915 shares of the company’s stock, valued at approximately $3,516,610.90. The trade was a 2.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,280 shares of company stock worth $8,316,190 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. BMO Capital Markets boosted their price target on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Piper Sandler increased their price objective on Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. The Goldman Sachs Group upgraded shares of Accenture from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $370.00 to $420.00 in a report on Friday, December 6th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $370.00 price target on shares of Accenture in a research note on Tuesday, December 3rd. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $387.22.

Accenture Trading Down 0.3 %

ACN stock opened at $386.04 on Friday. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The company’s 50-day simple moving average is $361.83 and its 200 day simple moving average is $351.65. The company has a market capitalization of $241.58 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 3.43 and a beta of 1.24.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.43 by $0.16. The company had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $3.27 earnings per share. As a group, sell-side analysts anticipate that Accenture plc will post 12.69 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s dividend payout ratio (DPR) is presently 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.