2,632 Shares in Accenture plc (NYSE:ACN) Acquired by Stonebridge Financial Group LLC

Stonebridge Financial Group LLC acquired a new stake in Accenture plc (NYSE:ACN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,632 shares of the information technology services provider’s stock, valued at approximately $926,000.

Other institutional investors have also modified their holdings of the company. Ritholtz Wealth Management lifted its stake in Accenture by 17.9% during the third quarter. Ritholtz Wealth Management now owns 5,198 shares of the information technology services provider’s stock worth $1,837,000 after purchasing an additional 788 shares during the last quarter. Willis Investment Counsel boosted its stake in Accenture by 0.4% in the third quarter. Willis Investment Counsel now owns 115,013 shares of the information technology services provider’s stock valued at $40,655,000 after acquiring an additional 486 shares in the last quarter. Smith Chas P & Associates PA Cpas lifted its holdings in shares of Accenture by 2.4% in the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 108,319 shares of the information technology services provider’s stock valued at $38,289,000 after purchasing an additional 2,575 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Accenture by 3.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,984 shares of the information technology services provider’s stock worth $2,469,000 after buying an additional 201 shares during the period. Finally, Paladin Wealth LLC acquired a new stake in shares of Accenture in the third quarter valued at approximately $160,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Accenture news, insider Angela Beatty sold 375 shares of Accenture 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Melissa A. Burgum sold 232 shares of Accenture stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total value of $91,514.72. Following the completion of the transaction, the chief accounting officer now owns 8,915 shares in the company, valued at $3,516,610.90. The trade was a 2.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,280 shares of company stock valued at $8,316,190 in the last 90 days. 0.02% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BNP Paribas cut shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target for the company. in a research note on Wednesday, October 30th. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised their target price on shares of Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Robert W. Baird reaffirmed a “neutral” rating and issued a $370.00 price objective on shares of Accenture in a report on Tuesday, December 3rd. Finally, StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $387.22.

Accenture Stock Up 0.2 %

ACN opened at $386.72 on Tuesday. The business’s fifty day simple moving average is $362.30 and its 200 day simple moving average is $352.34. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35. The firm has a market cap of $242.00 billion, a P/E ratio of 32.44, a PEG ratio of 3.44 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 results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. During the same period in the previous year, the firm posted $3.27 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 annualized dividend and a yield of 1.53%. Accenture’s dividend payout ratio (DPR) is presently 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.