Accenture plc (NYSE:ACN) Shares Purchased by Napatree Capital LLC

Napatree Capital LLC increased its holdings in shares of Accenture plc (NYSE:ACN) by 32.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,192 shares of the information technology services provider’s stock after purchasing an additional 289 shares during the period. Napatree Capital LLC’s holdings in Accenture were worth $419,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Morse Asset Management Inc acquired a new stake in shares of Accenture in the 3rd quarter worth $25,000. FPC Investment Advisory Inc. lifted its stake 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 acquiring an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Accenture in the 4th quarter worth $30,000. POM Investment Strategies LLC lifted its stake in shares of Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after acquiring an additional 34 shares during the period. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Accenture in the 4th quarter worth $34,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of Accenture from $380.00 to $372.00 and set an “equal weight” rating for the company in a research note on Monday, March 17th. Baird R W upgraded shares of Accenture from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. JPMorgan Chase & Co. increased their price target on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, December 16th. BMO Capital Markets cut their price target on shares of Accenture from $425.00 to $370.00 and set a “market perform” rating for the company in a report on Tuesday, March 18th. Finally, Piper Sandler cut their price target on shares of Accenture from $396.00 to $364.00 and set an “overweight” rating for the company in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $380.05.

Insider Buying and Selling at Accenture

In other Accenture news, insider Angela Beatty sold 375 shares of Accenture stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the transaction, the insider now directly owns 5,149 shares of the company’s stock, valued at $1,845,916.50. The trade was a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Joel Unruch sold 4,750 shares of Accenture stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $362.78, for a total transaction of $1,723,205.00. Following the transaction, the general counsel now directly owns 20,526 shares in the company, valued at approximately $7,446,422.28. This trade represents a 18.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,280 shares of company stock valued at $8,316,190 over the last ninety days. Corporate insiders own 0.02% of the company’s stock.

Accenture Price Performance

ACN opened at $305.17 on Friday. The company’s 50 day simple moving average is $359.16 and its 200 day simple moving average is $357.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. Accenture plc has a 1 year low of $278.69 and a 1 year high of $398.35. The stock has a market capitalization of $190.97 billion, a PE ratio of 25.60, a P/E/G ratio of 3.23 and a beta of 1.24.

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

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be given a $1.48 dividend. The ex-dividend date is Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 1.94%. Accenture’s dividend payout ratio is presently 49.66%.

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.