594 Shares in Accenture plc (NYSE:ACN) Bought by Maridea Wealth Management LLC

Maridea Wealth Management LLC purchased a new stake in Accenture plc (NYSE:ACN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 594 shares of the information technology services provider’s stock, valued at approximately $209,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Morse Asset Management Inc acquired a new position in shares of Accenture in the third quarter worth about $25,000. FPC Investment Advisory Inc. boosted its stake in Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in Accenture during the 4th quarter worth approximately $30,000. POM Investment Strategies LLC lifted its holdings in shares of Accenture by 64.2% in the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 34 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Accenture in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Angie Y. Park sold 685 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $354.38, for a total transaction of $242,750.30. Following the sale, the chief financial officer now directly owns 8,674 shares in the company, valued at approximately $3,073,892.12. The trade was a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Melissa A. Burgum sold 1,487 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total value of $527,200.98. Following the completion of the transaction, the chief accounting officer now directly owns 9,247 shares of the company’s stock, valued at approximately $3,278,431.38. This trade represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,905 shares of company stock worth $8,181,753 in the last ninety days. Insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ACN shares. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. increased their price target on shares of Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. BMO Capital Markets boosted their price objective on shares of Accenture to $355.00 and gave the company a “hold” rating in a research report on Wednesday. Baird R W upgraded shares of Accenture from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Finally, Robert W. Baird raised shares of Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price target on the stock in a research note on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and a consensus price target of $378.23.

Accenture Trading Down 1.4 %

Shares of NYSE:ACN opened at $304.32 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The stock’s 50-day moving average is $354.96 and its 200-day moving average is $356.03. The company has a market cap of $190.61 billion, a P/E ratio of 25.53, a P/E/G ratio of 3.23 and a beta of 1.24. Accenture plc has a 52-week low of $278.69 and a 52-week high of $398.35.

Accenture (NYSE:ACN) last released its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. During the same quarter last year, the firm posted $2.77 EPS. The company’s revenue was up 5.7% on a year-over-year basis. Equities research analysts predict that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 48.89%.

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.