ORG Partners LLC Has $307,000 Stock Holdings in Accenture plc (NYSE:ACN)

ORG Partners LLC boosted its position in shares of Accenture plc (NYSE:ACN) by 103.0% in the 4th quarter, HoldingsChannel reports. The firm owned 871 shares of the information technology services provider’s stock after buying an additional 442 shares during the period. ORG Partners LLC’s holdings in Accenture were worth $307,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new position in shares of Accenture in the 3rd quarter worth approximately $25,000. MidAtlantic Capital Management Inc. acquired a new position in Accenture in the third quarter worth $30,000. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of Accenture by 607.1% during the third 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 last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Accenture in the third quarter valued at about $39,000. Finally, Reston Wealth Management LLC acquired a new position in Accenture during the 3rd quarter worth about $51,000. 75.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. UBS Group boosted their target price on shares of Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Piper Sandler Companies restated a “neutral” rating and issued a $329.00 price objective on shares of Accenture in a research report on Friday, September 20th. BMO Capital Markets increased their price objective on Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. upped their price target on Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Finally, Citigroup boosted their price objective on Accenture from $350.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, September 17th. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $385.04.

Insider Buying and Selling

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

Accenture Trading Down 2.2 %

Shares of Accenture stock opened at $349.93 on Friday. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51. The company has a market capitalization of $218.98 billion, a PE ratio of 30.62, a PEG ratio of 3.23 and a beta of 1.24. The stock’s fifty day simple moving average is $357.82 and its 200 day simple moving average is $343.77.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.16. The business had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a return on equity of 26.83% and a net margin of 11.20%. Accenture’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.27 EPS. Analysts predict that Accenture plc will post 12.74 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a $1.48 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 annualized dividend and a yield of 1.69%. Accenture’s dividend payout ratio is currently 49.66%.

Accenture declared that its board has authorized a share buyback plan on Thursday, September 26th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the information technology services provider to purchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.