Financial Life Planners Acquires Shares of 509 Accenture plc (NYSE:ACN)

Financial Life Planners bought a new stake in Accenture plc (NYSE:ACN) in the 4th quarter, Holdings Channel.com reports. The firm bought 509 shares of the information technology services provider’s stock, valued at approximately $179,000.

A number of other large investors have also recently made changes to their positions in the company. Morse Asset Management Inc purchased a new stake in shares of Accenture during the third quarter worth approximately $25,000. MidAtlantic Capital Management Inc. acquired a new position in Accenture in the 3rd quarter valued at $30,000. Retirement Wealth Solutions LLC acquired a new stake in shares of Accenture in the 4th quarter worth $34,000. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in shares of 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, Berbice Capital Management LLC acquired a new position in shares of Accenture during the fourth quarter worth about $35,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ACN. UBS Group lifted their price objective on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Piper Sandler boosted 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. StockNews.com upgraded shares of Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. BNP Paribas cut shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target for the company. in a research report on Wednesday, October 30th. Finally, BMO Capital Markets boosted their price objective on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Eight 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, Accenture currently has an average rating of “Moderate Buy” and a consensus price target of $387.22.

Insider Buying and Selling at Accenture

In other Accenture news, COO John F. Walsh sold 2,500 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $361.09, for a total transaction of $902,725.00. Following the transaction, the chief operating officer now owns 19,737 shares in the company, valued at approximately $7,126,833.33. This represents a 11.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Joel Unruch sold 4,750 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $362.78, for a total value of $1,723,205.00. Following the completion of the transaction, the general counsel now owns 20,526 shares in the company, valued at $7,446,422.28. This represents a 18.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,255 shares of company stock valued at $4,756,101 in the last quarter. Company insiders own 0.02% of the company’s stock.

Accenture Stock Performance

Shares of Accenture stock opened at $384.88 on Monday. The firm has a 50 day simple moving average of $359.56 and a 200 day simple moving average of $350.23. The firm has a market cap of $240.86 billion, a P/E ratio of 32.29, a P/E/G ratio of 3.43 and a beta of 1.24. 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 announced its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $17.15 billion. During the same period last year, the firm posted $3.27 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side analysts predict that Accenture plc will post 12.69 earnings per share for the current fiscal year.

Accenture Dividend Announcement

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