Accenture plc (NYSE:ACN) Shares Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC lifted its stake in shares of Accenture plc (NYSE:ACN) by 127.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,323 shares of the information technology services provider’s stock after buying an additional 1,300 shares during the period. SteelPeak Wealth LLC’s holdings in Accenture were worth $817,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Advisory Alpha LLC raised its stake in shares of Accenture by 25.4% in the second quarter. Advisory Alpha LLC now owns 968 shares of the information technology services provider’s stock worth $294,000 after purchasing an additional 196 shares during the last quarter. Founders Financial Alliance LLC raised its position in Accenture by 35.1% during the 2nd quarter. Founders Financial Alliance LLC now owns 963 shares of the information technology services provider’s stock worth $292,000 after buying an additional 250 shares during the last quarter. SRN Advisors LLC lifted its stake in Accenture by 0.8% during the 2nd quarter. SRN Advisors LLC now owns 8,327 shares of the information technology services provider’s stock valued at $2,526,000 after acquiring an additional 64 shares during the period. Brown Financial Advisors acquired a new stake in shares of Accenture in the second quarter worth $675,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Accenture during the second quarter worth $27,862,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Ryoji Sekido sold 3,191 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $343.70, for a total value of $1,096,746.70. Following the sale, the chief executive officer now directly owns 6 shares in the company, valued at approximately $2,062.20. The trade was a 99.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the insider now directly owns 5,149 shares of the company’s stock, valued at approximately $1,845,916.50. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,446 shares of company stock valued at $5,852,848. 0.02% of the stock is currently owned by company insiders.

Accenture Trading Down 0.9 %

Shares of Accenture stock opened at $375.13 on Thursday. Accenture plc has a 1-year low of $278.69 and a 1-year 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. The stock has a market cap of $234.75 billion, a P/E ratio of 31.47, a P/E/G ratio of 3.20 and a beta of 1.24. The stock’s 50 day simple moving average is $358.27 and its 200-day simple moving average is $349.02.

Accenture (NYSE:ACN) last issued its earnings results 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. The company had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.27 EPS. Analysts predict that Accenture plc will post 12.69 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 annualized dividend and a dividend yield of 1.58%. Accenture’s dividend payout ratio (DPR) is 49.66%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ACN shares. Jefferies Financial Group cut their price target on Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective on the stock in a research note on Wednesday, January 8th. JPMorgan Chase & Co. boosted their target price on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group upgraded shares of Accenture from a “neutral” rating to a “buy” rating and raised their price target for the company from $370.00 to $420.00 in a research report on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Accenture has an average rating of “Moderate Buy” and a consensus price target of $383.74.

Accenture 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.