RWA Wealth Partners LLC Purchases 1,941 Shares of Accenture plc (NYSE:ACN)

RWA Wealth Partners LLC lifted its position in shares of Accenture plc (NYSE:ACN) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,466 shares of the information technology services provider’s stock after purchasing an additional 1,941 shares during the quarter. RWA Wealth Partners LLC’s holdings in Accenture were worth $18,105,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Accenture during the fourth quarter valued at about $2,351,683,000. Raymond James Financial Inc. acquired a new position in Accenture during the 4th quarter valued at about $666,495,000. Swedbank AB increased its holdings in Accenture by 47.5% during the 4th quarter. Swedbank AB now owns 3,763,690 shares of the information technology services provider’s stock worth $1,324,029,000 after purchasing an additional 1,212,011 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of Accenture by 51,837.3% in the fourth quarter. Proficio Capital Partners LLC now owns 860,601 shares of the information technology services provider’s stock valued at $302,751,000 after purchasing an additional 858,944 shares in the last quarter. Finally, Amundi boosted its position in shares of Accenture by 27.9% during the fourth quarter. Amundi now owns 3,790,069 shares of the information technology services provider’s stock valued at $1,353,909,000 after buying an additional 826,038 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Performance

Shares of ACN stock opened at $304.32 on Friday. The firm’s 50 day moving average is $354.96 and its 200 day moving average is $356.03. The stock has a market capitalization of $190.61 billion, a P/E ratio of 25.53, a PEG ratio of 3.23 and a beta of 1.24. Accenture plc has a 12 month low of $278.69 and a 12 month high of $398.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. During the same period last year, the company earned $2.77 earnings per share. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, sell-side analysts anticipate that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture’s payout ratio is 48.89%.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of analyst reports. Mizuho lowered their price target on Accenture from $428.00 to $398.00 and set an “outperform” rating for the company in a research report on Wednesday, March 19th. StockNews.com lowered shares of Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $370.00 to $420.00 in a research report on Friday, December 6th. Robert W. Baird raised shares of Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 target price on the stock in a research report on Monday, March 17th. Finally, JPMorgan Chase & Co. upped their target price on Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and a consensus price target of $378.23.

Insider Activity at Accenture

In other news, CFO Angie Y. Park sold 685 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $354.38, for a total transaction of $242,750.30. Following the completion of the transaction, the chief financial officer now owns 8,674 shares of the company’s stock, valued at approximately $3,073,892.12. The trade was a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 1,487 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the completion of the sale, the chief accounting officer now directly owns 9,247 shares in the company, valued at $3,278,431.38. This represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,905 shares of company stock valued at $8,181,753. Corporate insiders own 0.02% 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.