By otakuyassine3@gmail.com 
Liberty Capital Management Inc. raised its position in shares of Accenture plc (NYSE:ACN – Free Report) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,801 shares of the information technology services provider’s stock after purchasing an additional 91 shares during the quarter. Liberty Capital Management Inc.’s holdings in Accenture were worth $1,337,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Valeo Financial Advisors LLC boosted its stake in shares of Accenture by 13.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 8,089 shares of the information technology services provider’s stock valued at $2,859,000 after buying an additional 969 shares during the period. Octavia Wealth Advisors LLC acquired a new stake in shares of Accenture during the 3rd quarter valued at about $219,000. Ritholtz Wealth Management grew its stake in shares of Accenture by 17.9% in the 3rd quarter. Ritholtz Wealth Management now owns 5,198 shares of the information technology services provider’s stock valued at $1,837,000 after buying an additional 788 shares in the last quarter. HCR Wealth Advisors raised its position in Accenture by 7.4% during the third quarter. HCR Wealth Advisors now owns 948 shares of the information technology services provider’s stock valued at $335,000 after acquiring an additional 65 shares in the last quarter. Finally, InTrack Investment Management Inc grew its position in Accenture by 49.3% in the third quarter. InTrack Investment Management Inc now owns 2,519 shares of the information technology services provider’s stock worth $890,000 after acquiring an additional 832 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.
Insider Activity at Accenture
In other Accenture news, CEO Julie Spellman Sweet sold 8,793 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the completion of the sale, the chief executive officer now directly owns 11,858 shares of the company’s stock, valued at approximately $4,677,625.26. The trade was a 42.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Angela Beatty sold 375 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total transaction of $134,437.50. Following the sale, the insider now directly owns 5,149 shares of the company’s stock, valued at approximately $1,845,916.50. This trade represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,280 shares of company stock valued at $8,316,190 over the last quarter. Corporate insiders own 0.02% of the company’s stock.
Accenture Stock Performance
NYSE ACN opened at $386.04 on Monday. Accenture plc has a 1-year low of $278.69 and a 1-year high of $398.35. The company has a 50 day moving average of $362.30 and a 200-day moving average of $352.18. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a market cap of $241.58 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 3.44 and a beta of 1.24.
Accenture (NYSE:ACN – Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $17.69 billion for the quarter, compared to analyst estimates of $17.15 billion. During the same quarter in the previous year, the firm earned $3.27 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts forecast that Accenture plc will post 12.73 earnings per share for the current fiscal year.
Accenture Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be given a dividend of $1.48 per share. The ex-dividend date is Thursday, January 16th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.53%. Accenture’s payout ratio is 49.66%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. upped their price target on Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. The Goldman Sachs Group upgraded Accenture from a “neutral” rating to a “buy” rating and increased their price target for the company from $370.00 to $420.00 in a report on Friday, December 6th. Finally, UBS Group upped their price objective on shares of Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and an average price target of $387.22.
Read Our Latest Stock Analysis on ACN
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.
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