Journey Strategic Wealth LLC Buys 48 Shares of Accenture plc (NYSE:ACN)

Journey Strategic Wealth LLC lifted its position in Accenture plc (NYSE:ACN) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,829 shares of the information technology services provider’s stock after buying an additional 48 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Accenture were worth $1,699,000 as of its most recent SEC filing.

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

Accenture Stock Performance

Shares of NYSE:ACN opened at $384.88 on Friday. Accenture plc has a 1 year low of $278.69 and a 1 year high of $387.51. The stock has a market capitalization of $240.86 billion, a price-to-earnings ratio of 32.29, a price-to-earnings-growth ratio of 3.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The company’s 50 day simple moving average is $359.56 and its 200 day simple moving average is $349.88.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. The company had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. Accenture’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.27 EPS. As a group, research analysts predict that Accenture plc will post 12.69 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s dividend payout ratio (DPR) is presently 49.66%.

Insider Activity at Accenture

In other news, CAO Melissa A. Burgum sold 1,487 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the completion of the transaction, the chief accounting officer now directly owns 9,247 shares in the company, valued at approximately $3,278,431.38. This represents a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryoji Sekido sold 3,191 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 6 shares in the company, valued at approximately $2,062.20. This trade represents a 99.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,446 shares of company stock valued at $5,852,848 in the last quarter. Insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ACN. Jefferies Financial Group cut their price target on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price for the company in a report on Wednesday, January 8th. BNP Paribas cut shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target on the stock. in a report on Wednesday, October 30th. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Finally, Piper Sandler increased 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. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Accenture presently has an average rating of “Moderate Buy” and a consensus price target of $387.22.

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.