2,187 Shares in Accenture plc (NYSE:ACN) Purchased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. bought a new stake in Accenture plc (NYSE:ACN) in the 4th quarter, Holdings Channel reports. The institutional investor bought 2,187 shares of the information technology services provider’s stock, valued at approximately $769,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Morse Asset Management Inc bought a new position in Accenture in the 3rd quarter valued at approximately $25,000. MidAtlantic Capital Management Inc. bought a new position in shares of Accenture in the 3rd quarter valued at $30,000. Retirement Wealth Solutions LLC bought a new stake in Accenture during the 4th quarter worth $34,000. Mowery & Schoenfeld Wealth Management LLC raised 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 purchasing an additional 85 shares during the last quarter. Finally, Berbice Capital Management LLC acquired a new stake in shares of Accenture during the fourth quarter valued at about $35,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ACN has been the subject of several analyst reports. BMO Capital Markets raised their price target on shares of Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $370.00 to $420.00 in a research note on Friday, December 6th. UBS Group lifted their target price on Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Finally, Morgan Stanley boosted their target price on shares of Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $387.22.

Accenture Stock Performance

Shares of ACN opened at $386.71 on Friday. The business has a 50-day simple moving average of $361.83 and a two-hundred day simple moving average of $351.65. The stock has a market cap of $242.00 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 3.43 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 $398.35.

Accenture (NYSE:ACN) last issued its quarterly 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. The business had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.27 earnings per share. On average, analysts expect that Accenture plc will post 12.69 EPS for the current year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s dividend payout ratio is currently 49.66%.

Insider Activity at Accenture

In related news, insider Angela Beatty sold 375 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Angie Y. Park sold 685 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $354.38, for a total transaction of $242,750.30. Following the transaction, the chief financial officer now directly owns 8,674 shares of the company’s stock, valued at $3,073,892.12. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,280 shares of company stock valued at $8,316,190. 0.02% of the stock is owned by company insiders.

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.