CFS Investment Advisory Services LLC Has $453,000 Stock Holdings in Accenture plc (NYSE:ACN)

CFS Investment Advisory Services LLC increased its stake in Accenture plc (NYSE:ACN) by 21.4% during the fourth quarter, Holdings Channel reports. The firm owned 1,287 shares of the information technology services provider’s stock after acquiring an additional 227 shares during the period. CFS Investment Advisory Services LLC’s holdings in Accenture were worth $453,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morse Asset Management Inc acquired a new position in shares of Accenture in the 3rd quarter valued at approximately $25,000. MidAtlantic Capital Management Inc. acquired a new position in Accenture during the third quarter valued at approximately $30,000. Retirement Wealth Solutions LLC bought a new stake in Accenture during the fourth quarter worth $34,000. Mowery & Schoenfeld Wealth Management LLC increased its stake in shares of Accenture by 607.1% in the 3rd 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 bought a new stake in shares of Accenture during the 4th quarter worth $35,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Down 0.2 %

Shares of Accenture stock opened at $362.65 on Friday. The firm has a market cap of $226.94 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 3.20 and a beta of 1.24. The stock’s 50-day moving average is $357.37 and its 200 day moving average is $347.30. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. Accenture plc has a one year low of $278.69 and a one year high of $387.51.

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 company had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. Accenture’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.27 EPS. Equities research analysts anticipate that Accenture plc will post 12.69 EPS for the current year.

Accenture Dividend Announcement

The company 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 $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s payout ratio is 49.66%.

Analysts Set New Price Targets

ACN has been the subject of several research analyst reports. Jefferies Financial Group lowered their target price on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. BNP Paribas cut shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price objective for the company. in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Robert W. Baird reiterated a “neutral” rating and issued a $370.00 price target on shares of Accenture in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets boosted their price objective on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $383.74.

Insider Buying and Selling

In related news, CAO Melissa A. Burgum sold 1,487 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total value of $527,200.98. Following the transaction, the chief accounting officer now directly owns 9,247 shares in the company, valued at $3,278,431.38. This trade represents a 13.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Angela Beatty sold 375 shares of the business’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 sale, the insider now owns 5,149 shares of the company’s stock, 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 three months, insiders have sold 17,332 shares of company stock valued at $6,172,719. 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.