Fulton Breakefield Broenniman LLC Has $5.25 Million Stock Position in Accenture plc (NYSE:ACN)

Fulton Breakefield Broenniman LLC decreased its stake in shares of Accenture plc (NYSE:ACN) by 73.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 14,909 shares of the information technology services provider’s stock after selling 41,843 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Accenture were worth $5,245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Morse Asset Management Inc acquired a new position in Accenture during the 3rd quarter valued at about $25,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Accenture in the 3rd quarter valued at about $30,000. Retirement Wealth Solutions LLC bought a new stake in shares of Accenture in the 4th quarter valued at about $34,000. Mowery & Schoenfeld Wealth Management LLC increased its stake in shares of Accenture by 607.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 85 shares during the last quarter. Finally, Berbice Capital Management LLC bought a new stake in Accenture during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ACN shares. BNP Paribas cut Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 target price for the company. in a research note on Wednesday, October 30th. Piper Sandler raised their price target on shares of Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. raised their price target 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. StockNews.com raised shares of Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Finally, 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 report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and a consensus price target of $383.74.

Accenture Stock Performance

Accenture stock opened at $378.61 on Wednesday. The business’s 50-day moving average price is $357.77 and its two-hundred day moving average price is $348.54. Accenture plc has a 12-month low of $278.69 and a 12-month high of $387.51. The stock has a market cap of $236.93 billion, a PE ratio of 31.76, a P/E/G ratio of 3.20 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 posted its quarterly earnings data 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. The company had revenue of $17.69 billion for the quarter, compared to analyst estimates 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 previous year, the firm earned $3.27 earnings per share. As a group, analysts expect that Accenture plc will post 12.69 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be issued 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 1.56%. Accenture’s dividend payout ratio (DPR) is currently 49.66%.

Insider Buying and Selling

In other news, CEO Ryoji Sekido sold 3,191 shares of the company’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $343.70, for a total transaction of $1,096,746.70. Following the transaction, the chief executive officer now owns 6 shares of the company’s stock, valued at $2,062.20. This represents a 99.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Beatty sold 375 shares of the company’s 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 directly owns 5,149 shares in the company, valued at $1,845,916.50. This represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,446 shares of company stock worth $5,852,848. 0.02% of the stock is owned by corporate insiders.

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.