B.O.S.S. Retirement Advisors LLC Takes Position in Accenture plc (NYSE:ACN)

B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of Accenture plc (NYSE:ACN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,195 shares of the information technology services provider’s stock, valued at approximately $420,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morse Asset Management Inc purchased a new position in Accenture in the third quarter valued at about $25,000. MidAtlantic Capital Management Inc. purchased a new position in Accenture in the third quarter valued at about $30,000. Retirement Wealth Solutions LLC purchased a new position in shares of Accenture in the 4th quarter worth approximately $34,000. Mowery & Schoenfeld Wealth Management LLC grew its position in shares of Accenture by 607.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock worth $35,000 after buying an additional 85 shares during the last quarter. Finally, Berbice Capital Management LLC purchased a new position in Accenture in the fourth quarter worth $35,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Stock Down 0.2 %

Shares of NYSE:ACN opened at $362.65 on Friday. The stock has a market cap of $226.94 billion, a P/E ratio of 30.42, a P/E/G ratio of 3.20 and a beta of 1.24. The firm has a fifty day moving average price of $357.37 and a 200 day moving average price of $347.30. 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 plc has a 1-year low of $278.69 and a 1-year high of $387.51.

Accenture (NYSE:ACN) last released 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 during 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 was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $3.27 EPS. Sell-side analysts predict that Accenture plc will post 12.69 EPS for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be issued a dividend of $1.48 per share. The ex-dividend date is Thursday, January 16th. This represents a $5.92 annualized dividend and a yield of 1.63%. Accenture’s dividend payout ratio is presently 49.66%.

Analyst Upgrades and Downgrades

ACN has been the topic of several research analyst reports. Bank of America boosted their target price on Accenture from $365.00 to $388.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Barclays upped their price objective on shares of Accenture from $350.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target on the stock in a report on Wednesday, January 8th. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. upped their price objective on Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $383.74.

Insider Transactions at Accenture

In related news, CAO Melissa A. Burgum sold 1,487 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total value of $527,200.98. Following the completion of the transaction, the chief accounting officer now owns 9,247 shares of the company’s stock, valued at approximately $3,278,431.38. The trade was a 13.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Angela Beatty sold 375 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total value of $134,437.50. Following the completion of the transaction, the insider now owns 5,149 shares of the company’s stock, valued at $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. Insiders sold 17,332 shares of company stock valued at $6,172,719 in the last 90 days. 0.02% of the stock is currently owned by insiders.

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.