KFG Wealth Management LLC Has $460,000 Stock Holdings in Accenture plc (NYSE:ACN)

KFG Wealth Management LLC lessened its stake in shares of Accenture plc (NYSE:ACN) by 5.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,310 shares of the information technology services provider’s stock after selling 72 shares during the period. KFG Wealth Management LLC’s holdings in Accenture were worth $460,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ACN. Chilton Capital Management LLC boosted its position in shares of Accenture by 180.0% in the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 45 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in Accenture in the first quarter worth $28,000. BluePath Capital Management LLC bought a new position in Accenture in the third quarter worth $31,000. Halpern Financial Inc. bought a new position in Accenture in the fourth quarter worth $31,000. Finally, RVW Wealth LLC bought a new position in Accenture in the third quarter worth $33,000. 75.14% of the stock is owned by institutional investors.

Accenture Stock Up 0.3 %

ACN stock traded up $0.88 during midday trading on Friday, reaching $316.88. The stock had a trading volume of 3,381,158 shares, compared to its average volume of 2,390,528. The business has a fifty day simple moving average of $356.30 and a two-hundred day simple moving average of $341.77. The firm has a market cap of $212.54 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 2.98 and a beta of 1.19. Accenture plc has a twelve month low of $261.68 and a twelve month high of $387.51.

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

Accenture Announces Dividend

The company 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 $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 yield of 1.63%. Accenture’s payout ratio is 46.78%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ACN. Guggenheim began coverage on Accenture in a research report on Tuesday, March 19th. They issued a “buy” rating and a $425.00 target price for the company. Stifel Nicolaus raised their target price on Accenture from $363.00 to $395.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. BNP Paribas raised Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price objective for the company in a report on Wednesday, January 17th. Robert W. Baird lifted their price objective on Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Finally, Redburn Atlantic lifted their price objective on Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average target price of $387.00.

Insider Buying and Selling

In other news, CFO Kathleen R. Mcclure sold 851 shares of Accenture 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 transaction, the chief financial officer now owns 50,737 shares in the company, valued at approximately $18,862,494.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Accenture news, CFO Kathleen R. Mcclure sold 851 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $371.77, for a total transaction of $316,376.27. Following the transaction, the chief financial officer now owns 50,737 shares of the company’s stock, valued at approximately $18,862,494.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Joel Unruch sold 4,333 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $371.83, for a total value of $1,611,139.39. Following the transaction, the general counsel now directly owns 34,795 shares in the company, valued at approximately $12,937,824.85. The disclosure for this sale can be found here. Insiders sold a total of 35,500 shares of company stock worth $12,276,123 over the last three months. 0.07% of the stock is currently owned by company insiders.

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.