Fielder Capital Group LLC Takes $243,000 Position in Accenture plc (NYSE:ACN)

Fielder Capital Group LLC bought a new stake in Accenture plc (NYSE:ACN) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 692 shares of the information technology services provider’s stock, valued at approximately $243,000.

Other large investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in shares of Accenture by 2.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock valued at $1,315,832,000 after acquiring an additional 96,414 shares in the last quarter. Redwood Investments LLC lifted its position in shares of Accenture by 8.3% in the 4th quarter. Redwood Investments LLC now owns 20,227 shares of the information technology services provider’s stock valued at $7,098,000 after acquiring an additional 1,542 shares in the last quarter. Chicago Capital LLC lifted its position in shares of Accenture by 284.7% in the 4th quarter. Chicago Capital LLC now owns 12,677 shares of the information technology services provider’s stock valued at $4,449,000 after acquiring an additional 9,382 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Accenture by 33,484.1% in the 4th quarter. International Assets Investment Management LLC now owns 567,572 shares of the information technology services provider’s stock valued at $199,167,000 after acquiring an additional 565,882 shares in the last quarter. Finally, VELA Investment Management LLC lifted its position in shares of Accenture by 4.3% in the 3rd quarter. VELA Investment Management LLC now owns 3,681 shares of the information technology services provider’s stock valued at $1,130,000 after acquiring an additional 153 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Piper Sandler increased their target price on shares of Accenture from $335.00 to $394.00 and gave the stock a “neutral” rating in a research report on Monday, March 18th. Guggenheim assumed coverage on shares of Accenture in a research report on Tuesday, March 19th. They issued a “buy” rating and a $425.00 target price for the company. UBS Group increased their target price on shares of Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Bank of America increased their target price on shares of Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Finally, Mizuho reiterated a “buy” rating and issued a $398.00 target price (down previously from $426.00) on shares of Accenture in a research report on Friday, March 22nd. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $387.00.

Insiders Place Their Bets

In other Accenture news, CFO Kathleen R. Mcclure sold 4,500 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $316.00, for a total value of $1,422,000.00. Following the sale, the chief financial officer now directly owns 42,781 shares in the company, valued at approximately $13,518,796. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Kathleen R. Mcclure sold 4,500 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $316.00, for a total transaction of $1,422,000.00. Following the completion of the transaction, the chief financial officer now directly owns 42,781 shares of the company’s stock, valued at approximately $13,518,796. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the transaction, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The disclosure for this sale can be found here. Insiders have sold 28,083 shares of company stock worth $8,959,325 in the last ninety days. Insiders own 0.07% of the company’s stock.

Accenture Price Performance

NYSE:ACN traded up $2.39 during midday trading on Monday, reaching $306.10. The stock had a trading volume of 2,361,326 shares, compared to its average volume of 2,501,520. Accenture plc has a 1-year low of $261.68 and a 1-year high of $387.51. The firm’s fifty day simple moving average is $341.52 and its 200-day simple moving average is $342.26. The stock has a market capitalization of $205.31 billion, a P/E ratio of 27.75, a PEG ratio of 2.88 and a beta of 1.21.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.11. The company had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business posted $2.69 EPS. On average, equities research analysts anticipate that Accenture plc will post 12.09 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be given a $1.29 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.69%. Accenture’s dividend payout ratio is 46.78%.

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.