Country Club Bank Acquires 50 Shares of Accenture plc (NYSE:ACN)

Country Club Bank boosted its holdings in Accenture plc (NYSE:ACN) by 1.3% during the 4th quarter, Holdings Channel reports. The firm owned 3,770 shares of the information technology services provider’s stock after acquiring an additional 50 shares during the period. Country Club Bank’s holdings in Accenture were worth $1,329,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Morse Asset Management Inc purchased a new stake in Accenture during the third quarter worth about $25,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Accenture during the 3rd quarter worth approximately $30,000. Retirement Wealth Solutions LLC bought a new stake in shares of Accenture in the 4th quarter worth approximately $34,000. Mowery & Schoenfeld Wealth Management LLC grew its holdings in 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 valued at $35,000 after purchasing an additional 85 shares during the period. Finally, Berbice Capital Management LLC bought a new stake in shares of Accenture in the fourth quarter valued at $35,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Up 1.6 %

ACN opened at $397.92 on Thursday. The business’s fifty day simple moving average is $360.63 and its 200 day simple moving average is $351.08. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35. 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 stock has a market cap of $249.01 billion, a PE ratio of 33.38, a P/E/G ratio of 3.43 and a beta of 1.24.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share 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 the consensus estimate of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. Accenture’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.27 EPS. As a group, research analysts expect that Accenture plc will post 12.69 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s dividend payout ratio is presently 49.66%.

Insider Buying and Selling at Accenture

In related 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 sale, the chief accounting officer now directly owns 9,247 shares in the company, valued at $3,278,431.38. This represents a 13.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Angela Beatty sold 375 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was 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 disclosure for this sale can be found here. Insiders sold a total of 13,255 shares of company stock worth $4,756,101 over the last three months. Company insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ACN shares. Robert W. Baird reissued a “neutral” rating and issued a $370.00 price objective on shares of Accenture in a report on Tuesday, December 3rd. BMO Capital Markets boosted their price target on shares of Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Jefferies Financial Group reduced their price objective on shares of 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 lowered Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target for the company. in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $387.22.

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.