965 Shares in Accenture plc (NYSE:ACN) Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Accenture plc (NYSE:ACN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 965 shares of the information technology services provider’s stock, valued at approximately $340,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ACN. Masso Torrence Wealth Management Inc. boosted its stake in Accenture by 2.0% during the 3rd quarter. Masso Torrence Wealth Management Inc. now owns 1,447 shares of the information technology services provider’s stock valued at $511,000 after purchasing an additional 28 shares in the last quarter. BSW Wealth Partners boosted its position in shares of Accenture by 0.7% during the 3rd quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider’s stock valued at $1,441,000 after purchasing an additional 28 shares in the last quarter. Slow Capital Inc. grew its stake in shares of Accenture by 0.3% in the 3rd quarter. Slow Capital Inc. now owns 9,067 shares of the information technology services provider’s stock worth $3,205,000 after purchasing an additional 29 shares during the last quarter. Tradition Wealth Management LLC boosted its holdings in Accenture by 0.3% during the third quarter. Tradition Wealth Management LLC now owns 10,951 shares of the information technology services provider’s stock worth $3,871,000 after buying an additional 29 shares in the last quarter. Finally, NBC Securities Inc. increased its holdings in shares of Accenture by 0.6% in the third quarter. NBC Securities Inc. now owns 5,206 shares of the information technology services provider’s stock valued at $1,840,000 after buying an additional 30 shares in the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Stock Down 0.9 %

ACN stock opened at $375.13 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a market cap of $234.75 billion, a PE ratio of 31.47, a PEG ratio of 3.20 and a beta of 1.24. Accenture plc has a 1 year low of $278.69 and a 1 year high of $387.51. The company has a fifty day simple moving average of $358.27 and a 200 day simple moving average of $349.02.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. During the same quarter in the previous year, the firm earned $3.27 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side analysts anticipate that Accenture plc will post 12.69 EPS for the current fiscal year.

Accenture Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s payout ratio is 49.66%.

Insider Buying and Selling

In other Accenture news, General Counsel Joel Unruch sold 4,750 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $362.78, for a total value of $1,723,205.00. Following the sale, the general counsel now owns 20,526 shares of the company’s stock, valued at $7,446,422.28. This trade represents a 18.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Angela Beatty sold 375 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was 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 of the company’s stock, valued at approximately $1,845,916.50. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,446 shares of company stock valued at $5,852,848. Company insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ACN. UBS Group boosted their target price on Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. StockNews.com raised shares of Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. BNP Paribas lowered shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target on the stock. in a report on Wednesday, October 30th. The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $370.00 to $420.00 in a research note on Friday, December 6th. Finally, JPMorgan Chase & Co. increased their target price on Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average target price of $383.74.

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.