Berger Financial Group Inc Has $207,000 Holdings in Accenture plc (NYSE:ACN)

Berger Financial Group Inc cut its stake in shares of Accenture plc (NYSE:ACN) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 589 shares of the information technology services provider’s stock after selling 54 shares during the period. Berger Financial Group Inc’s holdings in Accenture were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Morse Asset Management Inc bought a new stake in shares of Accenture in the third quarter valued at about $25,000. FPC Investment Advisory Inc. increased its position in shares of Accenture by 62.2% in the fourth 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 last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Accenture during the fourth quarter worth approximately $30,000. POM Investment Strategies LLC increased its position in Accenture by 64.2% during the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after buying an additional 34 shares during the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in Accenture during the fourth quarter worth approximately $34,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Price Performance

Shares of ACN opened at $293.51 on Tuesday. Accenture plc has a 52-week low of $275.01 and a 52-week high of $398.35. The business’s 50 day moving average price is $314.19 and its two-hundred day moving average price is $346.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market cap of $183.83 billion, a PE ratio of 24.62, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32.

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

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 48.89%.

Insider Buying and Selling

In other news, CEO Julie Spellman Sweet sold 2,284 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.63, for a total value of $643,242.92. Following the sale, the chief executive officer now owns 9,965 shares of the company’s stock, valued at $2,806,442.95. The trade was a 18.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Melissa A. Burgum sold 232 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total transaction of $91,514.72. Following the completion of the sale, the chief accounting officer now directly owns 8,915 shares in the company, valued at approximately $3,516,610.90. This trade represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,041 shares of company stock worth $5,254,956. 0.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Guggenheim dropped their target price on Accenture from $400.00 to $395.00 and set a “buy” rating for the company in a report on Friday, March 21st. Piper Sandler dropped their price target on Accenture from $364.00 to $355.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. UBS Group dropped their price target on Accenture from $455.00 to $387.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Morgan Stanley decreased their target price on Accenture from $380.00 to $372.00 and set an “equal weight” rating on the stock in a research report on Monday, March 17th. Finally, Baird R W upgraded Accenture from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $377.82.

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.