613 Shares in Accenture plc (NYSE:ACN) Purchased by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC acquired a new stake in Accenture plc (NYSE:ACN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 613 shares of the information technology services provider’s stock, valued at approximately $215,000.

Several other hedge funds have also recently bought and sold shares of ACN. Chilton Capital Management LLC lifted its stake in shares of Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after purchasing an additional 45 shares during the period. DiNuzzo Private Wealth Inc. bought a new position in Accenture during the fourth quarter worth about $27,000. BluePath Capital Management LLC bought a new position in Accenture during the third quarter worth about $31,000. Halpern Financial Inc. bought a new stake in shares of Accenture in the fourth quarter worth about $31,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Accenture during the fourth quarter worth about $50,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ACN shares. StockNews.com cut Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, April 27th. Bank of America boosted their price objective on shares of Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Susquehanna reiterated a “neutral” rating and set a $360.00 target price (down previously from $400.00) on shares of Accenture in a report on Thursday, March 21st. Mizuho restated a “buy” rating and issued a $398.00 price target (down from $426.00) on shares of Accenture in a report on Friday, March 22nd. Finally, BNP Paribas upgraded 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. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $387.00.

Insider Activity

In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of Accenture stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the completion of the sale, the chief executive officer now directly owns 161,581 shares of the company’s stock, valued at approximately $51,045,053.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Accenture news, CEO Jean-Marc Ollagnier sold 6,250 shares of the company’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 owns 161,581 shares of the company’s stock, valued at $51,045,053.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the transaction, the insider now directly owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,083 shares of company stock worth $8,959,325. 0.07% of the stock is currently owned by company insiders.

Accenture Price Performance

ACN traded up $1.33 on Wednesday, reaching $311.99. 2,283,894 shares of the stock were exchanged, compared to its average volume of 2,499,014. The firm has a market capitalization of $209.26 billion, a PE ratio of 28.29, a PEG ratio of 2.88 and a beta of 1.21. The company’s 50-day moving average price is $340.17 and its 200 day moving average price is $342.35. Accenture plc has a fifty-two week low of $261.68 and a fifty-two week high of $387.51.

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, beating 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 firm had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.85 billion. During the same period last year, the company posted $2.69 EPS. Accenture’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities analysts forecast that Accenture plc will post 12.09 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be paid a dividend of $1.29 per share. 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 1.65%. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

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.