M3 Advisory Group LLC Acquires 30 Shares of Accenture plc (NYSE:ACN)

M3 Advisory Group LLC lifted its holdings in shares of Accenture plc (NYSE:ACN) by 4.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 753 shares of the information technology services provider’s stock after acquiring an additional 30 shares during the quarter. M3 Advisory Group LLC’s holdings in Accenture were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Clarendon Private LLC purchased a new stake in Accenture during the 4th quarter valued at $394,000. Affinity Wealth Management LLC grew its holdings in shares of Accenture by 3.9% in the fourth quarter. Affinity Wealth Management LLC now owns 14,562 shares of the information technology services provider’s stock worth $5,123,000 after acquiring an additional 545 shares during the period. Vista Investment Partners LLC lifted its holdings in Accenture by 0.3% in the fourth quarter. Vista Investment Partners LLC now owns 13,270 shares of the information technology services provider’s stock valued at $4,668,000 after acquiring an additional 42 shares during the period. KFG Wealth Management LLC boosted its position in Accenture by 7.0% in the fourth quarter. KFG Wealth Management LLC now owns 1,584 shares of the information technology services provider’s stock worth $557,000 after purchasing an additional 104 shares during the last quarter. Finally, Archford Capital Strategies LLC grew its stake in shares of Accenture by 1.8% during the 4th quarter. Archford Capital Strategies LLC now owns 5,877 shares of the information technology services provider’s stock valued at $2,067,000 after purchasing an additional 102 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of research reports. Robert W. Baird reissued a “neutral” rating and issued a $370.00 price objective on shares of Accenture in a report on Tuesday, December 3rd. BNP Paribas cut shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target on the stock. in a research note on Wednesday, October 30th. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. lifted their target price on Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Finally, UBS Group upped their price target on Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $383.74.

Insider Activity

In related news, CEO Julie Spellman Sweet sold 8,136 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $362.07, for a total transaction of $2,945,801.52. Following the transaction, the chief executive officer now directly owns 12,188 shares in the company, valued at approximately $4,412,909.16. This represents a 40.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, 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 90 days, insiders have sold 17,332 shares of company stock valued at $6,172,719. 0.02% of the stock is currently owned by insiders.

Accenture Stock Down 0.2 %

NYSE ACN opened at $362.65 on Friday. The stock has a 50 day moving average price of $357.37 and a 200-day moving average price of $347.30. Accenture plc has a one year low of $278.69 and a one year high of $387.51. The company has a market capitalization of $226.94 billion, a P/E ratio of 30.42, a P/E/G ratio of 3.20 and a beta of 1.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47.

Accenture (NYSE:ACN) last issued its quarterly earnings data 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 business had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. During the same period last year, the company posted $3.27 EPS. The business’s revenue was up 9.0% on a year-over-year basis. As a group, equities analysts predict that Accenture plc will post 12.69 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s dividend payout ratio (DPR) is 49.66%.

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.