Moser Wealth Advisors LLC Boosts Stock Position in Accenture PLC (NYSE:ACN)

Moser Wealth Advisors LLC increased its holdings in Accenture PLC (NYSE:ACN) by 32.8% during the first quarter, Holdings Channel reports. The firm owned 709 shares of the information technology services provider’s stock after acquiring an additional 175 shares during the quarter. Moser Wealth Advisors LLC’s holdings in Accenture were worth $221,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. lifted its holdings in Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Accenture in the 4th quarter worth approximately $30,000. Mpwm Advisory Solutions LLC purchased a new position in Accenture in the 4th quarter worth approximately $30,000. Park Square Financial Group LLC purchased a new position in Accenture in the 4th quarter worth approximately $31,000. Finally, Inlight Wealth Management LLC purchased a new position in Accenture in the 1st quarter worth approximately $32,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Accenture

In other Accenture news, insider Angela Beatty sold 169 shares of the company’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.90, for a total value of $47,641.10. Following the completion of the sale, the insider now directly owns 5,364 shares in the company, valued at approximately $1,512,111.60. This represents a 3.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John F. Walsh sold 2,500 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total value of $812,500.00. Following the completion of the sale, the chief operating officer now owns 15,882 shares of the company’s stock, valued at $5,161,650. This represents a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,516 shares of company stock worth $2,507,366 in the last quarter. 0.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Guggenheim reduced their price objective on Accenture from $400.00 to $395.00 and set a “buy” rating on the stock in a research note on Friday, March 21st. Robert W. Baird raised Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price objective on the stock in a research note on Monday, March 17th. BMO Capital Markets lifted their price objective on Accenture to $355.00 and gave the stock a “hold” rating in a research note on Wednesday, March 26th. Benchmark reaffirmed a “mixed” rating on shares of Accenture in a research note on Friday. Finally, Mizuho reduced their price objective on Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 19th. Seven equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $380.00.

Accenture Price Performance

ACN opened at $285.66 on Monday. The business has a fifty day moving average of $306.98 and a 200 day moving average of $333.51. Accenture PLC has a 52-week low of $273.19 and a 52-week high of $398.35. The company has a quick ratio of 1.48, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The stock has a market cap of $178.92 billion, a P/E ratio of 22.74, a PEG ratio of 2.85 and a beta of 1.33.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.17. Accenture had a return on equity of 26.55% and a net margin of 11.61%. The company had revenue of $17.73 billion during the quarter, compared to analysts’ expectations of $17.26 billion. During the same quarter in the previous year, the business earned $3.13 EPS. Accenture’s revenue was up 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 10th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 2.07%. Accenture’s payout ratio is currently 48.89%.

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.