YANKCOM Partnership Purchases Shares of 1,004 Accenture plc (NYSE:ACN)

YANKCOM Partnership bought a new position in Accenture plc (NYSE:ACN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,004 shares of the information technology services provider’s stock, valued at approximately $353,000.

Several other institutional investors have also recently made changes to their positions in the business. Morse Asset Management Inc bought a new stake in shares of Accenture during the third quarter valued at approximately $25,000. MidAtlantic Capital Management Inc. bought a new stake in Accenture in the 3rd quarter valued at $30,000. Retirement Wealth Solutions LLC purchased a new stake in Accenture in the 4th quarter worth $34,000. Mowery & Schoenfeld Wealth Management LLC grew its holdings in Accenture by 607.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 85 shares in the last quarter. Finally, Berbice Capital Management LLC bought a new stake in Accenture in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wolfe Research upgraded Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective on the stock in a research report on Wednesday, January 8th. BNP Paribas downgraded shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price objective for the company. in a research note on Wednesday, October 30th. UBS Group lifted their target price on Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. The Goldman Sachs Group upgraded shares of Accenture from a “neutral” rating to a “buy” rating and upped their target price for the stock from $370.00 to $420.00 in a research note on Friday, December 6th. Finally, Morgan Stanley lifted their price target on shares of Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and a consensus target price of $387.22.

Insider Buying and Selling

In other news, COO John F. Walsh sold 2,500 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $361.09, for a total value of $902,725.00. Following the sale, the chief operating officer now owns 19,737 shares in the company, valued at approximately $7,126,833.33. This trade represents a 11.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Joel Unruch sold 4,750 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $362.78, for a total value of $1,723,205.00. Following the sale, the general counsel now owns 20,526 shares in the company, valued at approximately $7,446,422.28. This represents a 18.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,255 shares of company stock valued at $4,756,101 over the last three months. Company insiders own 0.02% of the company’s stock.

Accenture Stock Up 1.6 %

Shares of NYSE:ACN opened at $397.92 on Thursday. The stock has a 50-day simple moving average of $360.63 and a 200-day simple moving average of $351.08. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. Accenture plc has a 1 year low of $278.69 and a 1 year high of $398.35. The stock has a market capitalization of $249.01 billion, a P/E ratio of 33.38, a PEG ratio of 3.43 and a beta of 1.24.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.43 by $0.16. The business had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.27 earnings per share. Equities analysts forecast that Accenture plc will post 12.69 earnings per share for the current year.

Accenture Announces Dividend

The company also recently declared 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. This represents a $5.92 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, January 16th. Accenture’s dividend payout ratio (DPR) is presently 49.66%.

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.