RMR Wealth Builders Purchases 621 Shares of Accenture plc (NYSE:ACN)

RMR Wealth Builders grew its position in Accenture plc (NYSE:ACN) by 16.0% during the fourth quarter, HoldingsChannel reports. The firm owned 4,513 shares of the information technology services provider’s stock after buying an additional 621 shares during the period. RMR Wealth Builders’ holdings in Accenture were worth $1,584,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ACN. Ameriprise Financial Inc. lifted its stake in shares of Accenture by 2.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock valued at $1,315,832,000 after purchasing an additional 96,414 shares during the period. Redwood Investments LLC boosted its holdings in shares of Accenture by 8.3% during the 4th quarter. Redwood Investments LLC now owns 20,227 shares of the information technology services provider’s stock worth $7,098,000 after buying an additional 1,542 shares in the last quarter. Chicago Capital LLC grew its position in shares of Accenture by 284.7% during the 4th quarter. Chicago Capital LLC now owns 12,677 shares of the information technology services provider’s stock worth $4,449,000 after buying an additional 9,382 shares during the period. International Assets Investment Management LLC increased its stake in shares of Accenture by 33,484.1% in the 4th quarter. International Assets Investment Management LLC now owns 567,572 shares of the information technology services provider’s stock valued at $199,167,000 after acquiring an additional 565,882 shares in the last quarter. Finally, VELA Investment Management LLC boosted its stake in Accenture by 4.3% during the third quarter. VELA Investment Management LLC now owns 3,681 shares of the information technology services provider’s stock worth $1,130,000 after acquiring an additional 153 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ACN has been the topic of several research reports. Redburn Atlantic upped their price objective on shares of Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Mizuho reiterated a “buy” rating and issued a $398.00 price target (down previously from $426.00) on shares of Accenture in a report on Friday, March 22nd. StockNews.com downgraded Accenture from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. Susquehanna reissued a “neutral” rating and issued a $360.00 price target (down previously from $400.00) on shares of Accenture in a research report on Thursday, March 21st. Finally, Royal Bank of Canada upped their price objective on shares of Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $387.00.

Accenture Trading Down 1.7 %

Shares of ACN opened at $306.69 on Thursday. The stock has a 50 day moving average of $340.17 and a 200 day moving average of $342.35. Accenture plc has a 12 month low of $264.42 and a 12 month high of $387.51. The company has a market capitalization of $205.71 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 2.88 and a beta of 1.21.

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

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be issued a $1.29 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.68%. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $315.91, for a total value of $1,974,437.50. Following the sale, the chief executive officer now directly owns 161,581 shares in the company, valued at $51,045,053.71. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Kathleen R. Mcclure sold 4,500 shares of Accenture stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $316.00, for a total value of $1,422,000.00. Following the completion of the transaction, the chief financial officer now directly owns 42,781 shares in the company, valued at approximately $13,518,796. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $315.91, for a total value of $1,974,437.50. Following the sale, the chief executive officer now owns 161,581 shares in the company, valued at approximately $51,045,053.71. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,083 shares of company stock valued at $8,959,325. Company insiders own 0.07% of the company’s stock.

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.