Sfmg LLC Acquires 227 Shares of Accenture plc (NYSE:ACN)

Sfmg LLC boosted its holdings in Accenture plc (NYSE:ACN) by 8.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,775 shares of the information technology services provider’s stock after purchasing an additional 227 shares during the quarter. Sfmg LLC’s holdings in Accenture were worth $974,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ACN. Chilton Capital Management LLC raised its holdings in shares of Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. Halpern Financial Inc. purchased a new stake in shares of Accenture during the 4th quarter worth approximately $31,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Accenture during the 1st quarter worth approximately $28,000. BluePath Capital Management LLC purchased a new stake in shares of Accenture during the 3rd quarter worth approximately $31,000. Finally, RVW Wealth LLC purchased a new stake in shares of Accenture during the 3rd quarter worth approximately $33,000. 75.14% of the stock is currently owned by institutional investors.

Insider Activity at Accenture

In related news, CFO Kathleen R. Mcclure sold 851 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $371.77, for a total transaction of $316,376.27. Following the sale, the chief financial officer now owns 50,737 shares of the company’s stock, valued at $18,862,494.49. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Kathleen R. Mcclure sold 851 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $371.77, for a total transaction of $316,376.27. Following the sale, the chief financial officer now owns 50,737 shares of the company’s stock, valued at $18,862,494.49. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $371.81, for a total value of $1,859,050.00. Following the sale, the insider now owns 20,316 shares in the company, valued at approximately $7,553,691.96. The disclosure for this sale can be found here. Insiders have sold a total of 31,000 shares of company stock valued at $11,146,998 over the last quarter. 0.07% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. TD Cowen decreased their price objective on Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a report on Friday, March 22nd. Redburn Atlantic increased their price target on Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Piper Sandler increased their price target on Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, March 18th. BNP Paribas upgraded Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price target on the stock in a report on Wednesday, January 17th. Finally, Stifel Nicolaus increased their price target on Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a report on Monday, March 18th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $387.00.

Accenture Trading Up 0.2 %

Shares of ACN traded up $0.67 during midday trading on Wednesday, reaching $313.94. 2,900,382 shares of the stock were exchanged, compared to its average volume of 3,239,222. Accenture plc has a 52 week low of $261.68 and a 52 week high of $387.51. The company’s 50 day moving average is $358.39 and its two-hundred day moving average is $342.14. The company has a market capitalization of $210.57 billion, a P/E ratio of 28.46, a PEG ratio of 2.97 and a beta of 1.19.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The business had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.85 billion. During the same quarter in the prior year, the company earned $2.69 EPS. The business’s revenue was down .1% compared to the same quarter last year. On average, sell-side analysts expect that Accenture plc will post 12.09 EPS for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be given a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Wednesday, April 10th. Accenture’s payout ratio is currently 46.78%.

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.