135 Shares in Accenture plc (NYSE:ACN) Bought by Endeavor Private Wealth Inc.

Endeavor Private Wealth Inc. acquired a new stake in Accenture plc (NYSE:ACN) during the fourth quarter, HoldingsChannel reports. The firm acquired 135 shares of the information technology services provider’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in Accenture during the third quarter worth approximately $25,000. MidAtlantic Capital Management Inc. acquired a new stake in Accenture during the 3rd quarter worth $30,000. Retirement Wealth Solutions LLC purchased a new stake in Accenture in the fourth quarter valued at $34,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake 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 acquiring an additional 85 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of Accenture during the third quarter worth about $39,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other news, CAO Melissa A. Burgum sold 1,487 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total transaction of $527,200.98. Following the completion of the sale, the chief accounting officer now owns 9,247 shares in the company, valued at $3,278,431.38. The trade was a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Julie Spellman Sweet sold 8,136 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $362.07, for a total value of $2,945,801.52. Following the completion of the transaction, the chief executive officer now owns 12,188 shares in the company, valued at approximately $4,412,909.16. This represents a 40.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,332 shares of company stock worth $6,172,719. 0.02% of the stock is currently owned by corporate insiders.

Accenture Trading Up 0.7 %

ACN stock opened at $359.08 on Thursday. The firm has a market cap of $224.71 billion, a P/E ratio of 30.12, a P/E/G ratio of 3.17 and a beta of 1.24. The business’s 50 day moving average is $357.18 and its 200-day moving average is $346.75. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN) last released its quarterly earnings results 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. The firm had revenue of $17.69 billion for the quarter, compared to analyst estimates of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.27 earnings per share. Equities analysts anticipate that Accenture plc will post 12.69 earnings per share for the current fiscal year.

Accenture declared that its Board of Directors has initiated a stock repurchase plan on Thursday, September 26th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to buy up to 1.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Thursday, January 16th. Accenture’s dividend payout ratio is currently 49.66%.

Wall Street Analysts Forecast Growth

ACN has been the subject of a number of research reports. Jefferies Financial Group reduced their price objective on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research note on Tuesday. Robert W. Baird reaffirmed a “neutral” rating and issued a $370.00 target price on shares of Accenture in a research report on Tuesday, December 3rd. Guggenheim raised their price objective on Accenture from $380.00 to $395.00 and gave the company a “buy” rating in a research report on Friday, September 27th. The Goldman Sachs Group upgraded 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. Finally, Piper Sandler lifted their price objective on shares of Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $383.74.

About Accenture

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.