MOKAN Wealth Management Inc. Acquires Shares of 3,151 Accenture plc (NYSE:ACN)

MOKAN Wealth Management Inc. bought a new stake in Accenture plc (NYSE:ACN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,151 shares of the information technology services provider’s stock, valued at approximately $1,109,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning lifted its position in Accenture by 5.5% during the third quarter. Creative Planning now owns 247,724 shares of the information technology services provider’s stock worth $87,566,000 after buying an additional 12,993 shares in the last quarter. Swedbank AB lifted its position in Accenture by 16.6% during the third quarter. Swedbank AB now owns 2,551,679 shares of the information technology services provider’s stock worth $901,967,000 after buying an additional 363,401 shares in the last quarter. Cornerstone Wealth Management LLC lifted its position in Accenture by 45.8% during the third quarter. Cornerstone Wealth Management LLC now owns 1,874 shares of the information technology services provider’s stock worth $662,000 after buying an additional 589 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in Accenture by 3.8% during the third quarter. Stratos Wealth Partners LTD. now owns 55,909 shares of the information technology services provider’s stock worth $19,763,000 after buying an additional 2,046 shares in the last quarter. Finally, Stratos Investment Management LLC increased its stake in Accenture by 7.1% during the third quarter. Stratos Investment Management LLC now owns 2,923 shares of the information technology services provider’s stock worth $1,033,000 after acquiring an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In other Accenture news, CAO Melissa A. Burgum sold 1,487 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total transaction of $527,200.98. Following the transaction, the chief accounting officer now owns 9,247 shares of the company’s stock, valued at $3,278,431.38. This represents a 13.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Julie Spellman Sweet sold 8,793 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total value of $3,468,574.71. Following the transaction, the chief executive officer now directly owns 11,858 shares in the company, valued at approximately $4,677,625.26. This represents a 42.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,280 shares of company stock worth $8,316,190 in the last quarter. Company insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Piper Sandler raised their target price on Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Morgan Stanley lifted their price objective on Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Jefferies Financial Group dropped their price objective on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. BNP Paribas cut Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price objective for the company. in a research note on Wednesday, October 30th. Finally, Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective for the company in a research note on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $387.22.

Accenture Stock Down 0.4 %

ACN opened at $387.99 on Friday. The business has a 50 day moving average price of $365.29 and a two-hundred day moving average price of $354.11. 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 $242.80 billion, a PE ratio of 32.55, a P/E/G ratio of 3.44 and a beta of 1.24. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35.

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, topping the consensus estimate of $3.43 by $0.16. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. During the same quarter in the previous year, the firm posted $3.27 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, research analysts anticipate that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 16th were issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Thursday, January 16th. Accenture’s dividend payout ratio is currently 49.66%.

Accenture 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.