DeDora Capital Inc. Has $1.39 Million Stock Holdings in Accenture plc (NYSE:ACN)

DeDora Capital Inc. boosted its holdings in shares of Accenture plc (NYSE:ACN) by 2.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,932 shares of the information technology services provider’s stock after buying an additional 89 shares during the period. DeDora Capital Inc.’s holdings in Accenture were worth $1,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Unique Wealth Strategies LLC bought a new stake in shares of Accenture during the 2nd quarter worth about $26,000. Annapolis Financial Services LLC lifted its position in shares of Accenture by 507.7% during the 1st quarter. Annapolis Financial Services LLC now owns 79 shares of the information technology services provider’s stock worth $27,000 after purchasing an additional 66 shares during the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Accenture during the 2nd quarter worth about $28,000. CarsonAllaria Wealth Management Ltd. acquired a new position in shares of Accenture in the 1st quarter worth approximately $35,000. Finally, Tsfg LLC raised its holdings in shares of Accenture by 267.9% in the 1st quarter. Tsfg LLC now owns 103 shares of the information technology services provider’s stock worth $36,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

Shares of Accenture stock traded down $2.24 on Tuesday, hitting $373.79. 129,722 shares of the company’s stock traded hands, compared to its average volume of 2,721,932. Accenture plc has a one year low of $278.69 and a one year high of $387.51. The company has a fifty day moving average of $346.72 and a two-hundred day moving average of $321.91. The company has a market capitalization of $234.25 billion, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 3.47 and a beta of 1.25.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 26th. The information technology services provider reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.01. The business had revenue of $16.41 billion for the quarter, compared to the consensus estimate of $16.37 billion. Accenture had a return on equity of 26.83% and a net margin of 11.20%. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $2.71 EPS. Equities research analysts anticipate that Accenture plc will post 12.79 earnings per share for the current year.

Accenture Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 10th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.58%. This is a positive change from Accenture’s previous quarterly dividend of $1.29. The ex-dividend date is Thursday, October 10th. Accenture’s dividend payout ratio is 54.21%.

Accenture announced that its board has initiated a stock buyback program on Thursday, September 26th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to purchase up to 1.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

ACN has been the topic of a number of research analyst reports. Citigroup increased their price target on Accenture from $350.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, September 17th. Bank of America increased their price objective on Accenture from $365.00 to $388.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Guggenheim increased their price objective on Accenture from $380.00 to $395.00 and gave the company a “buy” rating in a research report on Friday, September 27th. UBS Group increased their price objective on Accenture from $400.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, Piper Sandler upgraded Accenture from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $329.00 to $395.00 in a research report on Thursday, September 26th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $371.18.

Insider Buying and Selling at Accenture

In other Accenture news, CAO Melissa A. Burgum sold 458 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $373.25, for a total transaction of $170,948.50. Following the completion of the transaction, the chief accounting officer now directly owns 9,777 shares of the company’s stock, valued at approximately $3,649,265.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Melissa A. Burgum sold 458 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $373.25, for a total value of $170,948.50. Following the completion of the transaction, the chief accounting officer now directly owns 9,777 shares of the company’s stock, valued at $3,649,265.25. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kathleen R. Mcclure sold 5,090 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $373.22, for a total value of $1,899,689.80. Following the sale, the chief financial officer now owns 38,825 shares in the company, valued at $14,490,266.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,548 shares of company stock valued at $3,936,838. Company insiders own 0.07% of the company’s stock.

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.