Accenture plc (NYSE:ACN) Holdings Raised by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. raised its stake in shares of Accenture plc (NYSE:ACN) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,276 shares of the information technology services provider’s stock after buying an additional 1,601 shares during the period. Accenture makes up 2.2% of Mogy Joel R Investment Counsel Inc.’s portfolio, making the stock its 15th biggest position. Mogy Joel R Investment Counsel Inc.’s holdings in Accenture were worth $36,331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ACN. Masso Torrence Wealth Management Inc. grew its holdings in shares of Accenture by 2.0% in 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 last quarter. BSW Wealth Partners boosted its position in shares of Accenture by 0.7% in the 3rd quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider’s stock valued at $1,441,000 after purchasing an additional 28 shares during the period. Slow Capital Inc. increased its stake in Accenture by 0.3% in the 3rd quarter. Slow Capital Inc. now owns 9,067 shares of the information technology services provider’s stock worth $3,205,000 after purchasing an additional 29 shares in the last quarter. Tradition Wealth Management LLC lifted its stake in Accenture by 0.3% during the third quarter. Tradition Wealth Management LLC now owns 10,951 shares of the information technology services provider’s stock valued at $3,871,000 after buying an additional 29 shares in the last quarter. Finally, NBC Securities Inc. increased its position in shares of Accenture by 0.6% in the third quarter. NBC Securities Inc. now owns 5,206 shares of the information technology services provider’s stock worth $1,840,000 after acquiring an additional 30 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Accenture

In other news, General Counsel Joel Unruch sold 4,750 shares of the stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $369.97, for a total value of $1,757,357.50. Following the completion of the transaction, the general counsel now owns 22,976 shares in the company, valued at approximately $8,500,430.72. This represents a 17.13 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Angela Beatty sold 375 shares of Accenture stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the sale, the insider now owns 5,149 shares in the company, valued at approximately $1,845,916.50. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,452 shares of company stock worth $5,934,343. 0.02% of the stock is currently owned by company insiders.

Accenture Stock Up 0.5 %

Accenture stock opened at $352.33 on Tuesday. The firm has a market cap of $220.49 billion, a price-to-earnings ratio of 29.56, a P/E/G ratio of 3.14 and a beta of 1.24. The firm has a fifty day moving average price of $357.49 and a two-hundred day moving average price of $346.26. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. Accenture had a return on equity of 26.91% and a net margin of 11.41%. 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 posted $3.27 EPS. The company’s revenue was up 9.0% on a year-over-year basis. As a group, analysts forecast that Accenture plc will post 12.69 earnings per share for the current year.

Accenture announced that its board has authorized a stock repurchase plan on Thursday, September 26th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the information technology services provider to purchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be given a $1.48 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 annualized dividend and a yield of 1.68%. Accenture’s dividend payout ratio is 49.66%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ACN. BNP Paribas lowered shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price objective for the company. in a research note on Wednesday, October 30th. Piper Sandler lifted their price target on Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Jefferies Financial Group lifted their target price on Accenture from $355.00 to $385.00 and gave the company a “hold” rating in a research note on Friday, December 20th. Susquehanna increased their price target on shares of Accenture from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Finally, Barclays upped their price objective on shares of Accenture from $350.00 to $415.00 and gave the company an “overweight” rating in a research note on Monday, September 30th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $385.04.

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.