KFG Wealth Management LLC Purchases 104 Shares of Accenture plc (NYSE:ACN)

KFG Wealth Management LLC raised its position in Accenture plc (NYSE:ACN) by 7.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,584 shares of the information technology services provider’s stock after acquiring an additional 104 shares during the period. KFG Wealth Management LLC’s holdings in Accenture were worth $557,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of ACN. Masso Torrence Wealth Management Inc. lifted its stake in shares of Accenture by 2.0% in the third quarter. Masso Torrence Wealth Management Inc. now owns 1,447 shares of the information technology services provider’s stock valued at $511,000 after buying an additional 28 shares in the last quarter. BSW Wealth Partners boosted its stake in Accenture by 0.7% during 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 last quarter. Slow Capital Inc. raised its stake in shares of Accenture by 0.3% in the third 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 during the last quarter. Tradition Wealth Management LLC lifted its holdings in shares of Accenture by 0.3% in 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 purchasing an additional 29 shares in the last quarter. Finally, NBC Securities Inc. grew its holdings in Accenture by 0.6% during the third quarter. NBC Securities Inc. now owns 5,206 shares of the information technology services provider’s stock worth $1,840,000 after buying an additional 30 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACN has been the topic of a number of analyst reports. Jefferies Financial Group cut their price objective on shares of Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. 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. The Goldman Sachs Group upgraded 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 research note on Friday, December 6th. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Finally, TD Cowen raised Accenture from a “hold” rating to a “buy” rating and raised their target price for the company from $321.00 to $400.00 in a research report on Monday, September 30th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and a consensus target price of $383.74.

Insiders Place Their Bets

In other Accenture news, insider Angela Beatty sold 375 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was 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 $1,845,916.50. This trade represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryoji Sekido sold 3,191 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $343.70, for a total value of $1,096,746.70. Following the completion of the transaction, the chief executive officer now owns 6 shares of the company’s stock, valued at $2,062.20. The trade was a 99.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,332 shares of company stock worth $6,172,719 in the last ninety days. 0.02% of the stock is currently owned by insiders.

Accenture Stock Down 0.2 %

Shares of NYSE ACN opened at $362.65 on Friday. The business has a 50-day simple moving average of $357.37 and a two-hundred day simple moving average of $347.30. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The company 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 company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $17.15 billion. During the same quarter in the previous year, the company earned $3.27 earnings per share. Accenture’s revenue for the quarter was up 9.0% on a year-over-year basis. Research analysts anticipate that Accenture plc will post 12.69 earnings per share for the current fiscal year.

Accenture Announces Dividend

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

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.