LexAurum Advisors LLC Boosts Stock Holdings in Accenture plc (NYSE:ACN)

LexAurum Advisors LLC lifted its stake in shares of Accenture plc (NYSE:ACN) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,362 shares of the information technology services provider’s stock after acquiring an additional 67 shares during the quarter. LexAurum Advisors LLC’s holdings in Accenture were worth $479,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Schrum Private Wealth Management LLC increased its holdings in Accenture by 78.6% in the third quarter. Schrum Private Wealth Management LLC now owns 11,448 shares of the information technology services provider’s stock valued at $4,047,000 after buying an additional 5,038 shares during the last quarter. MQS Management LLC purchased a new position in Accenture in the third quarter valued at $1,040,000. Concurrent Investment Advisors LLC increased its holdings in Accenture by 70.6% in the third quarter. Concurrent Investment Advisors LLC now owns 35,591 shares of the information technology services provider’s stock valued at $12,581,000 after buying an additional 14,724 shares during the last quarter. M&G PLC increased its holdings in Accenture by 34.1% in the third quarter. M&G PLC now owns 292,808 shares of the information technology services provider’s stock valued at $103,361,000 after buying an additional 74,438 shares during the last quarter. Finally, Radnor Capital Management LLC increased its holdings in Accenture by 21.6% in the third quarter. Radnor Capital Management LLC now owns 22,131 shares of the information technology services provider’s stock valued at $7,823,000 after buying an additional 3,930 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity at Accenture

In other news, insider Angela Beatty sold 375 shares of Accenture stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the completion of the sale, the insider now directly owns 5,149 shares in the company, valued at approximately $1,845,916.50. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 8,136 shares of Accenture stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $362.07, for a total transaction of $2,945,801.52. Following the sale, the chief executive officer now owns 12,188 shares of the company’s stock, valued at approximately $4,412,909.16. The trade was a 40.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,332 shares of company stock worth $6,172,719 over the last 90 days. Company insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of NYSE:ACN opened at $362.65 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a market cap of $226.94 billion, a P/E ratio of 30.42, a PEG ratio of 3.20 and a beta of 1.24. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The company has a 50-day moving average price of $357.19 and a 200 day moving average price of $346.86.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. The firm had revenue of $17.69 billion during 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%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.27 earnings per share. Research analysts predict that Accenture plc will post 12.69 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a $1.48 dividend. The ex-dividend date is Thursday, January 16th. This represents a $5.92 dividend on an annualized basis and a yield of 1.63%. Accenture’s payout ratio is currently 49.66%.

Wall Street Analysts Forecast Growth

ACN has been the topic of several recent analyst reports. TD Cowen raised Accenture from a “hold” rating to a “buy” rating and increased their target price for the company from $321.00 to $400.00 in a report on Monday, September 30th. JPMorgan Chase & Co. increased their target price on Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, December 16th. BMO Capital Markets raised their price objective on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Bank of America raised their price objective on Accenture from $365.00 to $388.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $383.74.

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.