UP Strategic Wealth Investment Advisors LLC Purchases 124 Shares of Accenture plc (NYSE:ACN)

UP Strategic Wealth Investment Advisors LLC lifted its holdings in Accenture plc (NYSE:ACN) by 17.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 855 shares of the information technology services provider’s stock after buying an additional 124 shares during the period. UP Strategic Wealth Investment Advisors LLC’s holdings in Accenture were worth $301,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Morse Asset Management Inc purchased a new position in shares of Accenture during the 3rd quarter valued at $25,000. FPC Investment Advisory Inc. raised its holdings in Accenture by 62.2% during the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after acquiring an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Accenture during the fourth quarter worth $30,000. POM Investment Strategies LLC raised its stake in shares of Accenture by 64.2% during the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 34 shares during the period. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Accenture in the fourth quarter valued at approximately $34,000. Institutional investors own 75.14% of the company’s stock.

Insider Activity

In other Accenture news, insider Angela Beatty sold 169 shares of Accenture stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.90, for a total transaction of $47,641.10. Following the transaction, the insider now owns 5,364 shares of the company’s stock, valued at $1,512,111.60. The trade was a 3.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 2,284 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.63, for a total transaction of $643,242.92. Following the completion of the transaction, the chief executive officer now owns 9,965 shares of the company’s stock, valued at approximately $2,806,442.95. The trade was a 18.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,041 shares of company stock valued at $5,254,956 in the last ninety days. 0.02% of the stock is currently owned by company insiders.

Accenture Trading Up 1.1 %

Shares of NYSE ACN opened at $291.43 on Friday. Accenture plc has a 1 year low of $275.01 and a 1 year high of $398.35. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a 50-day moving average of $318.01 and a 200 day moving average of $347.71. The stock has a market cap of $182.53 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm earned $2.77 EPS. Accenture’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, sell-side analysts expect that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be given a dividend of $1.48 per share. The ex-dividend date is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a yield of 2.03%. Accenture’s dividend payout ratio (DPR) is 48.89%.

Analysts Set New Price Targets

ACN has been the topic of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Mizuho lowered their price target on Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a report on Wednesday, March 19th. BMO Capital Markets lifted their target price on shares of Accenture to $355.00 and gave the company a “hold” rating in a research report on Wednesday, March 26th. Royal Bank of Canada decreased their price target on shares of Accenture from $399.00 to $392.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Finally, Piper Sandler cut their target price on shares of Accenture from $364.00 to $355.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $377.82.

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.