Accenture plc (NYSE:ACN) Shares Bought by Field & Main Bank

Field & Main Bank lifted its position in shares of Accenture plc (NYSE:ACN) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,520 shares of the information technology services provider’s stock after purchasing an additional 297 shares during the period. Field & Main Bank’s holdings in Accenture were worth $1,942,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Allen Capital Group LLC lifted its stake in Accenture by 146.5% during the fourth quarter. Allen Capital Group LLC now owns 2,105 shares of the information technology services provider’s stock worth $741,000 after purchasing an additional 1,251 shares during the last quarter. Masso Torrence Wealth Management Inc. lifted its position in shares of Accenture by 2.6% in the 4th quarter. Masso Torrence Wealth Management Inc. now owns 1,484 shares of the information technology services provider’s stock worth $522,000 after buying an additional 37 shares during the last quarter. Forsta AP Fonden grew its position in shares of Accenture by 0.7% during the 4th quarter. Forsta AP Fonden now owns 163,829 shares of the information technology services provider’s stock valued at $57,633,000 after buying an additional 1,100 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Accenture by 6.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 473,408 shares of the information technology services provider’s stock worth $166,540,000 after acquiring an additional 30,154 shares during the period. Finally, R Squared Ltd bought a new position in Accenture in the fourth quarter worth about $243,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ACN. BNP Paribas downgraded shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target for the company. in a report on Wednesday, October 30th. 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 report on Friday, December 20th. Robert W. Baird reiterated a “neutral” rating and set a $370.00 price target on shares of Accenture in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. raised their price target on Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price on the stock in a research note on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $383.74.

Accenture Trading Down 0.0 %

Shares of Accenture stock opened at $378.36 on Wednesday. The stock has a market capitalization of $236.78 billion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24. Accenture plc has a 12-month low of $278.69 and a 12-month high of $387.51. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a 50-day simple moving average of $358.27 and a 200 day simple moving average of $349.02.

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

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, January 16th. Accenture’s payout ratio is 49.66%.

Insider Transactions at Accenture

In other Accenture news, insider Angela Beatty sold 375 shares of the 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 completion of the transaction, the insider now owns 5,149 shares in the company, valued at approximately $1,845,916.50. This represents a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Joel Unruch sold 4,750 shares of the business’s stock in a transaction dated 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 sale, the general counsel now owns 20,526 shares in the company, valued at approximately $7,446,422.28. This trade represents a 18.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,446 shares of company stock worth $5,852,848 in the last three months. Insiders own 0.02% of the company’s stock.

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.