843 Shares in Accenture plc (NYSE:ACN) Purchased by Greenup Street Wealth Management LLC

Greenup Street Wealth Management LLC acquired a new stake in Accenture plc (NYSE:ACN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 843 shares of the information technology services provider’s stock, valued at approximately $297,000.

Several other large investors have also made changes to their positions in the business. Masso Torrence Wealth Management Inc. increased its stake in shares of Accenture by 2.0% during the third quarter. Masso Torrence Wealth Management Inc. now owns 1,447 shares of the information technology services provider’s stock worth $511,000 after buying an additional 28 shares during the period. BSW Wealth Partners raised its stake in Accenture by 0.7% in the third quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider’s stock valued at $1,441,000 after buying an additional 28 shares in the last quarter. Slow Capital Inc. lifted its holdings in Accenture by 0.3% during the 3rd quarter. Slow Capital Inc. now owns 9,067 shares of the information technology services provider’s stock worth $3,205,000 after buying an additional 29 shares during the last quarter. Tradition Wealth Management LLC increased its holdings in shares of Accenture by 0.3% in the 3rd quarter. Tradition Wealth Management LLC now owns 10,951 shares of the information technology services provider’s stock valued at $3,871,000 after acquiring an additional 29 shares during the last quarter. Finally, NBC Securities Inc. lifted its stake in Accenture by 0.6% during the third quarter. NBC Securities Inc. now owns 5,206 shares of the information technology services provider’s stock worth $1,840,000 after purchasing an additional 30 shares during the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Stock Performance

Accenture stock opened at $372.99 on Tuesday. 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 12 month low of $278.69 and a 12 month high of $387.51. The company has a market cap of $233.41 billion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth 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 $348.01.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $17.15 billion. During the same period in the previous year, the company posted $3.27 earnings per share. Accenture’s revenue was up 9.0% compared to the same quarter last year. Equities analysts anticipate that Accenture plc will post 12.69 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s dividend payout ratio is presently 49.66%.

Insider Activity

In related news, General Counsel Joel Unruch sold 4,750 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $362.78, for a total value of $1,723,205.00. Following the transaction, the general counsel now owns 20,526 shares in the company, valued at approximately $7,446,422.28. The trade was a 18.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryoji Sekido sold 3,191 shares of the company’s stock in a transaction that occurred on 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. The trade was a 99.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,446 shares of company stock worth $5,852,848. 0.02% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ACN shares. BMO Capital Markets upped their target price on shares of Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a report on Friday, December 20th. TD Cowen raised Accenture from a “hold” rating to a “buy” rating and raised their price objective for the stock from $321.00 to $400.00 in a report on Monday, September 30th. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Robert W. Baird reaffirmed a “neutral” rating and set a $370.00 price target on shares of Accenture in a research report on Tuesday, December 3rd. Finally, Jefferies Financial Group decreased their price objective on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Accenture has an average rating of “Moderate Buy” and a consensus price target of $383.74.

Accenture Company 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.