Accenture plc (NYSE:ACN) Shares Acquired by Affinity Wealth Management LLC

Affinity Wealth Management LLC boosted its position in Accenture plc (NYSE:ACN) by 3.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,562 shares of the information technology services provider’s stock after purchasing an additional 545 shares during the period. Accenture accounts for approximately 0.9% of Affinity Wealth Management LLC’s portfolio, making the stock its 25th biggest position. Affinity Wealth Management LLC’s holdings in Accenture were worth $5,123,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Schrum Private Wealth Management LLC boosted its holdings in Accenture by 78.6% in the third quarter. Schrum Private Wealth Management LLC now owns 11,448 shares of the information technology services provider’s stock valued at $4,047,000 after purchasing an additional 5,038 shares during the last quarter. MQS Management LLC purchased a new stake in Accenture in the 3rd quarter worth approximately $1,040,000. Concurrent Investment Advisors LLC grew its stake in shares of Accenture by 70.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 35,591 shares of the information technology services provider’s stock worth $12,581,000 after purchasing an additional 14,724 shares during the period. M&G PLC lifted its stake in shares of Accenture by 34.1% in the 3rd quarter. M&G PLC now owns 292,808 shares of the information technology services provider’s stock valued at $103,361,000 after purchasing an additional 74,438 shares during the period. Finally, Radnor Capital Management LLC boosted its holdings in Accenture by 21.6% during the third quarter. Radnor Capital Management LLC now owns 22,131 shares of the information technology services provider’s stock worth $7,823,000 after buying an additional 3,930 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analyst Ratings Changes

ACN has been the subject of a number of analyst reports. Robert W. Baird reiterated a “neutral” rating and issued a $370.00 price objective on shares of Accenture in a research report on Tuesday, December 3rd. BMO Capital Markets upped their price target on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a 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 downgraded shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target for the company. in a research report on Wednesday, October 30th. Finally, Barclays boosted their price objective on Accenture from $350.00 to $415.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Accenture has an average rating of “Moderate Buy” and a consensus target price of $383.74.

Insider Transactions at Accenture

In other Accenture news, CFO Angie Y. Park sold 685 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $354.38, for a total value of $242,750.30. Following the completion of the transaction, the chief financial officer now owns 8,674 shares in the company, valued at $3,073,892.12. This represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Angela Beatty sold 375 shares of Accenture stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the sale, the insider now owns 5,149 shares in the company, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 17,332 shares of company stock valued at $6,172,719. 0.02% of the stock is currently owned by corporate insiders.

Accenture Stock Performance

Shares of ACN stock opened at $362.65 on Friday. The stock has a market capitalization of $226.94 billion, a PE ratio of 30.42, a P/E/G ratio of 3.20 and a beta of 1.24. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The firm has a 50 day moving average of $357.37 and a two-hundred day moving average of $347.30.

Accenture (NYSE:ACN) last issued its earnings results 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. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. During the same quarter last year, the company earned $3.27 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, research analysts predict that Accenture plc will post 12.69 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders 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 yield of 1.63%. The ex-dividend date is Thursday, January 16th. Accenture’s dividend payout ratio is presently 49.66%.

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.