One Wealth Capital Management LLC Makes New Investment in Accenture plc (NYSE:ACN)

One Wealth Capital Management LLC acquired a new stake in shares of Accenture plc (NYSE:ACN) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,192 shares of the information technology services provider’s stock, valued at approximately $771,000.

Several other large investors also recently modified their holdings of the business. Morse Asset Management Inc bought a new stake in shares of Accenture in the 3rd quarter worth approximately $25,000. Strategic Financial Concepts LLC purchased a new position in Accenture during the 2nd quarter valued at $28,000. MidAtlantic Capital Management Inc. bought a new position in Accenture in the 3rd quarter worth $30,000. Mowery & Schoenfeld Wealth Management LLC lifted its position 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 worth $35,000 after purchasing an additional 85 shares during the period. Finally, RPg Family Wealth Advisory LLC bought a new position in Accenture in the third quarter worth about $39,000. 75.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Ryoji Sekido sold 3,191 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $343.70, for a total value of $1,096,746.70. Following the completion of the sale, the chief executive officer now directly owns 6 shares of the company’s stock, valued at approximately $2,062.20. This represents a 99.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Angela Beatty sold 673 shares of Accenture stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $372.18, for a total transaction of $250,477.14. Following the transaction, the insider now directly owns 5,650 shares in the company, valued at $2,102,817. This represents a 10.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,673 shares of company stock valued at $13,507,099. 0.02% of the stock is owned by insiders.

Accenture Stock Performance

Shares of ACN stock traded up $3.68 during trading hours on Tuesday, reaching $355.01. The company had a trading volume of 2,557,743 shares, compared to its average volume of 2,256,558. The firm has a market cap of $222.16 billion, a PE ratio of 31.06, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. The business has a fifty day moving average price of $357.39 and a 200-day moving average price of $342.94. Accenture plc has a one year low of $278.69 and a one year high of $387.51.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. Accenture had a net margin of 11.20% and a return on equity of 26.83%. The business had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. During the same period in the previous year, the business earned $3.27 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts forecast that Accenture plc will post 12.74 EPS for the current year.

Accenture declared that its Board of Directors has authorized a stock repurchase program on Thursday, September 26th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the information technology services provider to buy up to 1.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Accenture Dividend Announcement

The firm 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 1.67%. The ex-dividend date is Thursday, January 16th. Accenture’s dividend payout ratio (DPR) is presently 49.66%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Piper Sandler upped their target price on Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. UBS Group increased their price objective on Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Susquehanna boosted their target price on shares of Accenture from $350.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, September 27th. JPMorgan Chase & Co. lifted their price target on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, Piper Sandler Companies reaffirmed a “neutral” rating and set a $329.00 target price on shares of Accenture in a research note on Friday, September 20th. Nine analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and an average price target of $383.23.

Accenture 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.