Raab & Moskowitz Asset Management LLC Buys 40 Shares of Accenture plc (NYSE:ACN)

Raab & Moskowitz Asset Management LLC grew its stake in shares of Accenture plc (NYSE:ACN) by 4.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 975 shares of the information technology services provider’s stock after acquiring an additional 40 shares during the quarter. Raab & Moskowitz Asset Management LLC’s holdings in Accenture were worth $343,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ACN. Morse Asset Management Inc bought a new position in Accenture in the 3rd quarter valued at about $25,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Accenture during the 3rd quarter worth approximately $30,000. POM Investment Strategies LLC increased its stake in Accenture by 64.2% in the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 34 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in Accenture during the fourth quarter worth $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its holdings in shares of Accenture by 607.1% in 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 purchasing an additional 85 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Robert W. Baird reissued a “neutral” rating and set a $370.00 price target on shares of Accenture in a report on Tuesday, December 3rd. Jefferies Financial Group lowered their target price on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. BMO Capital Markets raised their price target on shares of Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. UBS Group raised their target price on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $370.00 to $420.00 in a research note on Friday, December 6th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and a consensus target price of $387.22.

Insider Buying and Selling

In other Accenture news, CEO Julie Spellman Sweet sold 8,793 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the transaction, the chief executive officer now owns 11,858 shares in the company, valued at approximately $4,677,625.26. This represents a 42.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Angela Beatty sold 375 shares of Accenture stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the transaction, the insider now owns 5,149 shares of the company’s stock, valued at $1,845,916.50. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,280 shares of company stock valued at $8,316,190. 0.02% of the stock is owned by company insiders.

Accenture Trading Down 0.3 %

Shares of ACN stock opened at $388.85 on Thursday. The company has a market cap of $243.34 billion, a P/E ratio of 32.62, a PEG ratio of 3.44 and a beta of 1.24. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35. The stock has a 50 day simple moving average of $363.57 and a two-hundred day simple moving average of $353.18. 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 (NYSE:ACN) last released its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. The company had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. Accenture’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.27 EPS. Research analysts forecast that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be paid a $1.48 dividend. The ex-dividend date is Thursday, January 16th. This represents a $5.92 annualized dividend and a dividend yield of 1.52%. Accenture’s dividend payout ratio is presently 49.66%.

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.