Accenture plc (NYSE:ACN) Shares Purchased by Sonora Investment Management Group LLC

Sonora Investment Management Group LLC raised its position in shares of Accenture plc (NYSE:ACN) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,116 shares of the information technology services provider’s stock after buying an additional 987 shares during the period. Sonora Investment Management Group LLC’s holdings in Accenture were worth $13,409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Morse Asset Management Inc acquired a new stake in Accenture in the 3rd quarter valued at about $25,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Accenture in the 3rd quarter valued at $30,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Accenture in the 4th quarter valued at about $34,000. Mowery & Schoenfeld Wealth Management LLC grew its position in shares of Accenture by 607.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock worth $35,000 after acquiring an additional 85 shares during the last quarter. Finally, Berbice Capital Management LLC acquired a new stake in Accenture during the 4th quarter worth $35,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Trading Up 1.7 %

ACN stock opened at $380.78 on Friday. The company has a market cap of $238.29 billion, a price-to-earnings ratio of 31.94, 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 quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $358.63 and a 200-day simple moving average of $349.20.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. During the same period in the previous year, the company posted $3.27 earnings per share. Accenture’s revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts expect that Accenture plc will post 12.69 EPS for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Thursday, January 16th. Accenture’s payout ratio is 49.66%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ACN shares. JPMorgan Chase & Co. increased their target price on shares of Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. StockNews.com upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Robert W. Baird reaffirmed a “neutral” rating and issued a $370.00 price objective on shares of Accenture in a report on Tuesday, December 3rd. BNP Paribas downgraded Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target on the stock. in a research note on Wednesday, October 30th. Finally, Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target on the stock in a research note on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $383.74.

Insider Activity at Accenture

In other news, insider Angela Beatty sold 375 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.50, for a total value of $134,437.50. Following the completion of the sale, the insider now owns 5,149 shares of the company’s stock, valued at approximately $1,845,916.50. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryoji Sekido sold 3,191 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $343.70, for a total value of $1,096,746.70. Following the completion of the sale, the chief executive officer now directly owns 6 shares of the company’s stock, valued at approximately $2,062.20. This represents a 99.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,446 shares of company stock worth $5,852,848. 0.02% of the stock is currently owned by company insiders.

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.