Blossom Wealth Management Purchases 49 Shares of Accenture plc (NYSE:ACN)

Blossom Wealth Management raised its stake in shares of Accenture plc (NYSE:ACN) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 943 shares of the information technology services provider’s stock after purchasing an additional 49 shares during the period. Blossom Wealth Management’s holdings in Accenture were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Anchor Investment Management LLC raised its holdings in Accenture by 1.1% during the 2nd quarter. Anchor Investment Management LLC now owns 5,661 shares of the information technology services provider’s stock valued at $1,718,000 after buying an additional 61 shares during the period. Mattson Financial Services LLC purchased a new position in shares of Accenture during the second quarter valued at approximately $1,043,000. Trust Co. of Toledo NA OH grew its stake in shares of Accenture by 37.7% during the third quarter. Trust Co. of Toledo NA OH now owns 3,800 shares of the information technology services provider’s stock valued at $1,343,000 after buying an additional 1,040 shares during the last quarter. Czech National Bank increased its stake in Accenture by 6.5% in the third quarter. Czech National Bank now owns 127,601 shares of the information technology services provider’s stock worth $45,104,000 after purchasing an additional 7,791 shares during the period. Finally, Unique Wealth LLC boosted its holdings in shares of Accenture by 12.9% in the third quarter. Unique Wealth LLC now owns 7,490 shares of the information technology services provider’s stock valued at $2,648,000 after purchasing an additional 857 shares during the period. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Stock Up 1.1 %

Accenture stock opened at $384.88 on Friday. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51. The firm has a 50 day moving average price of $359.56 and a 200 day moving average price of $349.88. The company has a market capitalization of $240.86 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 3.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47.

Accenture (NYSE:ACN) last posted 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. The business had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.27 earnings per share. Research analysts expect that Accenture plc will post 12.69 earnings per share for the current year.

Accenture Announces Dividend

The business also recently disclosed 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. This represents a $5.92 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s payout ratio is currently 49.66%.

Insider Buying and Selling

In other Accenture news, General Counsel Joel Unruch sold 4,750 shares of the business’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 transaction 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. The trade was a 18.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ryoji Sekido sold 3,191 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $343.70, for a total transaction of $1,096,746.70. Following the completion of the sale, the chief executive officer now owns 6 shares in the company, 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 sold 16,446 shares of company stock valued at $5,852,848 in the last three months. 0.02% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ACN shares. Robert W. Baird reiterated a “neutral” rating and issued a $370.00 price target on shares of Accenture in a report on Tuesday, December 3rd. Morgan Stanley lifted their target price on Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday. BNP Paribas cut shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target on the stock. in a report on Wednesday, October 30th. The Goldman Sachs Group upgraded shares of Accenture from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $370.00 to $420.00 in a research note on Friday, December 6th. Finally, UBS Group lifted their price target on shares of Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $387.22.

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.