Buffington Mohr McNeal raised its holdings in shares of Accenture plc (NYSE:ACN – Free Report) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,800 shares of the information technology services provider’s stock after purchasing an additional 50 shares during the quarter. Buffington Mohr McNeal’s holdings in Accenture were worth $633,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Morse Asset Management Inc bought a new position in Accenture in the 3rd quarter worth approximately $25,000. MidAtlantic Capital Management Inc. bought a new position in shares of Accenture in the third quarter worth $30,000. Retirement Wealth Solutions LLC purchased a new position in shares of Accenture in the fourth quarter valued at $34,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in Accenture by 607.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock worth $35,000 after purchasing an additional 85 shares in the last quarter. Finally, Berbice Capital Management LLC bought a new position in Accenture in the 4th quarter worth about $35,000. Institutional investors own 75.14% of the company’s stock.
Accenture Trading Up 2.9 %
NYSE:ACN opened at $372.99 on Tuesday. The firm has a market capitalization of $233.41 billion, a P/E ratio of 31.29, a P/E/G ratio of 3.20 and a beta of 1.24. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $357.37 and a 200 day moving average of $348.01.
Accenture Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be issued a $1.48 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 annualized dividend and a yield of 1.59%. Accenture’s payout ratio is 49.66%.
Analysts Set New Price Targets
A number of research firms have recently commented on ACN. StockNews.com upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. UBS Group increased their price objective on Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective for the company in a report on Wednesday, January 8th. BNP Paribas lowered shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 target price for the company. in a research report on Wednesday, October 30th. Finally, TD Cowen raised shares of Accenture from a “hold” rating to a “buy” rating and increased their price target for the stock from $321.00 to $400.00 in a report on Monday, September 30th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $383.74.
View Our Latest Research Report on Accenture
Insiders Place Their Bets
In other news, insider Angela Beatty sold 375 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the transaction, the insider now directly owns 5,149 shares in the company, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ryoji Sekido sold 3,191 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $343.70, for a total value of $1,096,746.70. Following the completion of the transaction, the chief executive officer now directly owns 6 shares in the company, valued at approximately $2,062.20. This represents a 99.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,446 shares of company stock valued at $5,852,848. 0.02% of the stock is owned by insiders.
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.
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