Accenture plc (NYSE:ACN) Shares Acquired by Mirabella Financial Services LLP

Mirabella Financial Services LLP lifted its stake in Accenture plc (NYSE:ACN) by 344.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,890 shares of the information technology services provider’s stock after purchasing an additional 12,317 shares during the quarter. Mirabella Financial Services LLP’s holdings in Accenture were worth $5,593,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Unique Wealth Strategies LLC acquired a new position in shares of Accenture in the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Accenture in the second quarter valued at about $28,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Accenture in the third quarter worth about $30,000. Mowery & Schoenfeld Wealth Management LLC boosted its position in Accenture by 607.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 85 shares during the last quarter. Finally, Creekmur Asset Management LLC increased its holdings in Accenture by 108.0% in the 1st quarter. Creekmur Asset Management LLC now owns 104 shares of the information technology services provider’s stock worth $36,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

ACN has been the topic of several recent research reports. Robert W. Baird upped their price objective on shares of Accenture from $350.00 to $370.00 and gave the company a “neutral” rating in a report on Friday, September 27th. JPMorgan Chase & Co. cut their price target on Accenture from $376.00 to $370.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 24th. UBS Group boosted their price objective on Accenture from $400.00 to $415.00 and gave the company a “buy” rating in a report on Friday, September 27th. StockNews.com lowered Accenture from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. Finally, BNP Paribas downgraded 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. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $368.23.

Accenture Stock Down 0.7 %

Shares of NYSE ACN opened at $358.66 on Monday. The stock has a market capitalization of $224.22 billion, a price-to-earnings ratio of 31.38, a price-to-earnings-growth ratio of 3.14 and a beta of 1.25. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The firm has a 50-day simple moving average of $356.42 and a 200-day simple moving average of $329.23.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 26th. The information technology services provider reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.01. The firm had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.37 billion. Accenture had a net margin of 11.20% and a return on equity of 26.83%. Accenture’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.71 earnings per share. As a group, equities research analysts expect that Accenture plc will post 12.77 EPS for the current year.

Accenture Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 10th were paid a dividend of $1.48 per share. This is a positive change from Accenture’s previous quarterly dividend of $1.29. The ex-dividend date was Thursday, October 10th. This represents a $5.92 annualized dividend and a yield of 1.65%. Accenture’s dividend payout ratio is presently 51.79%.

Accenture announced that its board has authorized a share buyback plan 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Accenture

In other news, CAO Melissa A. Burgum sold 458 shares of Accenture stock in a transaction dated 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 owns 9,777 shares in the company, valued at approximately $3,649,265.25. This trade represents a 4.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 9,000 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $376.16, for a total transaction of $3,385,440.00. Following the completion of the sale, the chief executive officer now directly owns 20,324 shares in the company, valued at approximately $7,645,075.84. This represents a 30.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,298 shares of company stock valued at $13,372,661 in the last three months. 0.07% of the stock is owned by corporate insiders.

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.