1,492 Shares in Accenture plc (NYSE:ACN) Bought by Moment Partners LLC

Moment Partners LLC bought a new position in shares of Accenture plc (NYSE:ACN) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,492 shares of the information technology services provider’s stock, valued at approximately $525,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new position in shares of Accenture in the third quarter worth approximately $25,000. FPC Investment Advisory Inc. lifted its position in shares of Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Accenture in the 4th quarter valued at $30,000. POM Investment Strategies LLC raised its stake in Accenture by 64.2% during the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after buying an additional 34 shares during the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in Accenture in the fourth quarter valued at $34,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Julie Spellman Sweet sold 8,793 shares of Accenture stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total value of $3,468,574.71. Following the sale, the chief executive officer now owns 11,858 shares of the company’s stock, valued at approximately $4,677,625.26. The trade was a 42.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Angie Y. Park sold 685 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $354.38, for a total value of $242,750.30. Following the transaction, the chief financial officer now directly owns 8,674 shares of the company’s stock, valued at approximately $3,073,892.12. This trade represents a 7.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,905 shares of company stock valued at $8,181,753. 0.02% of the stock is owned by insiders.

Accenture Stock Up 0.8 %

ACN opened at $311.38 on Thursday. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35. The firm has a market capitalization of $194.86 billion, a P/E ratio of 26.12, a PEG ratio of 3.23 and a beta of 1.24. The company’s 50-day moving average is $356.77 and its 200 day moving average is $356.56. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.01. The firm had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.77 EPS. Research analysts expect that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Thursday, April 10th. Accenture’s payout ratio is 48.89%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Royal Bank of Canada lowered their price objective on Accenture from $399.00 to $392.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. BMO Capital Markets increased their price target on Accenture to $355.00 and gave the stock a “hold” rating in a report on Wednesday. Stifel Nicolaus lowered their price objective on shares of Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price on the stock in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group upgraded shares of Accenture from a “neutral” rating to a “buy” rating and upped their price objective for the company from $370.00 to $420.00 in a report on Friday, December 6th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $378.23.

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.