Community Financial Services Group LLC Has $1.83 Million Holdings in Accenture plc (NYSE:ACN)

Community Financial Services Group LLC increased its stake in shares of Accenture plc (NYSE:ACN) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,212 shares of the information technology services provider’s stock after purchasing an additional 117 shares during the quarter. Community Financial Services Group LLC’s holdings in Accenture were worth $1,834,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Morse Asset Management Inc acquired a new position in shares of Accenture in the third quarter worth $25,000. MidAtlantic Capital Management Inc. acquired a new position in Accenture in the 3rd quarter worth about $30,000. POM Investment Strategies LLC raised its stake in shares of Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 34 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new stake in shares of Accenture during the 4th quarter valued at about $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC increased its holdings 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 worth $35,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Transactions at Accenture

In related news, insider Angela Beatty sold 375 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total value of $134,437.50. Following the completion of the transaction, the insider now owns 5,149 shares in the company, valued at $1,845,916.50. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Melissa A. Burgum sold 232 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total value of $91,514.72. Following the transaction, the chief accounting officer now directly owns 8,915 shares in the company, valued at $3,516,610.90. This trade represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,280 shares of company stock valued at $8,316,190. 0.02% of the stock is owned by insiders.

Accenture Trading Up 0.9 %

Shares of Accenture stock opened at $390.21 on Wednesday. Accenture plc has a 52-week low of $278.69 and a 52-week high of $398.35. The firm has a market capitalization of $244.19 billion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 3.44 and a beta of 1.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The company’s fifty day moving average price is $362.81 and its two-hundred day moving average price is $352.74.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates 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 during 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 company’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts expect that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be paid a $1.48 dividend. The ex-dividend date is Thursday, January 16th. This represents a $5.92 annualized dividend and a dividend yield of 1.52%. Accenture’s dividend payout ratio is presently 49.66%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ACN shares. Morgan Stanley increased their price target on shares of Accenture from $335.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Robert W. Baird reissued a “neutral” rating and set a $370.00 target price on shares of Accenture in a research report on Tuesday, December 3rd. BNP Paribas lowered Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 target price on the stock. in a report on Wednesday, October 30th. Piper Sandler increased their price objective on Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Finally, Jefferies Financial Group reduced their target price on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Accenture presently has an average rating of “Moderate Buy” and a consensus price target of $387.22.

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.