Axiom Financial Strategies LLC lifted its holdings in shares of Accenture plc (NYSE:ACN – Free Report) by 4.5% in the 4th quarter, Holdings Channel reports. The firm owned 868 shares of the information technology services provider’s stock after acquiring an additional 37 shares during the period. Accenture comprises 0.2% of Axiom Financial Strategies LLC’s investment portfolio, making the stock its 29th largest holding. Axiom Financial Strategies LLC’s holdings in Accenture were worth $305,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Morse Asset Management Inc bought a new stake in Accenture in the 3rd quarter worth approximately $25,000. MidAtlantic Capital Management Inc. bought a new stake in Accenture in the 3rd quarter worth approximately $30,000. Retirement Wealth Solutions LLC bought a new stake in Accenture in the 4th quarter worth approximately $34,000. Mowery & Schoenfeld Wealth Management LLC lifted its position in 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 worth $35,000 after buying an additional 85 shares during the last quarter. Finally, Berbice Capital Management LLC bought a new stake in Accenture in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.
Analysts Set New Price Targets
ACN has been the subject of a number of recent research reports. Robert W. Baird restated a “neutral” rating and issued a $370.00 target price on shares of Accenture in a research report on Tuesday, December 3rd. Piper Sandler boosted their target price on Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Barclays boosted their price objective on Accenture from $350.00 to $415.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. BNP Paribas downgraded 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. Finally, Jefferies Financial Group lowered their price objective on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and an average price target of $383.74.
Accenture Stock Up 0.7 %
ACN stock opened at $375.86 on Tuesday. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51. The business’s 50-day moving average is $357.37 and its two-hundred day moving average is $348.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $235.21 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 3.20 and a beta of 1.24.
Accenture (NYSE:ACN – Get Free Report) last released its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.16. The firm had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $3.27 earnings per share. As a group, analysts forecast that Accenture plc will post 12.69 earnings per share for the current 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 given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Thursday, January 16th. Accenture’s dividend payout ratio is currently 49.66%.
Insider Activity
In related news, General Counsel Joel Unruch sold 4,750 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $362.78, for a total transaction of $1,723,205.00. Following the completion of the sale, the general counsel now directly owns 20,526 shares in the company, valued at $7,446,422.28. This represents a 18.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Angela Beatty sold 375 shares of the company’s stock in a transaction dated 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 directly owns 5,149 shares in the company, valued at $1,845,916.50. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,446 shares of company stock valued at $5,852,848. 0.02% of the stock is currently owned by 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.
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