Congress Wealth Management LLC DE Has $17.71 Million Stock Holdings in Accenture plc (NYSE:ACN)

Congress Wealth Management LLC DE boosted its stake in Accenture plc (NYSE:ACN) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,332 shares of the information technology services provider’s stock after acquiring an additional 2,366 shares during the period. Congress Wealth Management LLC DE’s holdings in Accenture were worth $17,706,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ACN. Morse Asset Management Inc bought a new stake in shares of Accenture in the 3rd quarter valued at $25,000. FPC Investment Advisory Inc. boosted its position in Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 28 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in Accenture during the 4th quarter worth about $30,000. POM Investment Strategies LLC raised its position in shares of Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 34 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Accenture in the 4th quarter valued at about $34,000. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

ACN stock opened at $307.24 on Tuesday. The business has a 50 day moving average of $358.32 and a 200-day moving average of $357.10. The firm has a market cap of $192.27 billion, a PE ratio of 25.78, a P/E/G ratio of 3.23 and a beta of 1.24. Accenture plc has a 12-month low of $278.69 and a 12-month high of $398.35. 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 released its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.01. The company had revenue of $16.70 billion for the quarter, compared to analysts’ expectations of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.77 EPS. As a group, sell-side analysts expect that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 annualized dividend and a yield of 1.93%. Accenture’s payout ratio is 48.89%.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 2,497 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $354.48, for a total transaction of $885,136.56. Following the completion of the transaction, the chief executive officer now owns 28,866 shares in the company, valued at $10,232,419.68. This trade represents a 7.96 % decrease in their ownership of the stock. 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 1,487 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the completion of the sale, the chief accounting officer now directly owns 9,247 shares in the company, valued at approximately $3,278,431.38. This trade represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,905 shares of company stock valued at $8,181,753. Company insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ACN shares. Mizuho decreased their target price on Accenture from $428.00 to $398.00 and set an “outperform” rating for the company in a research note on Wednesday, March 19th. 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. Piper Sandler dropped their price objective on shares of Accenture from $396.00 to $364.00 and set an “overweight” rating on the stock in a report on Thursday, March 20th. StockNews.com downgraded Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Finally, Baird R W upgraded Accenture from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $378.91.

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.