Accenture plc (NYSE:ACN) Shares Bought by Traveka Wealth LLC

Traveka Wealth LLC grew its holdings in shares of Accenture plc (NYSE:ACN) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,366 shares of the information technology services provider’s stock after purchasing an additional 117 shares during the quarter. Traveka Wealth LLC’s holdings in Accenture were worth $481,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Thompson Siegel & Walmsley LLC grew its position in Accenture by 63.2% during the second quarter. Thompson Siegel & Walmsley LLC now owns 12,912 shares of the information technology services provider’s stock valued at $3,918,000 after acquiring an additional 5,000 shares during the period. Greenwich Wealth Management LLC increased its position in shares of Accenture by 4.5% in the second quarter. Greenwich Wealth Management LLC now owns 1,523 shares of the information technology services provider’s stock worth $462,000 after acquiring an additional 66 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Accenture by 1.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,912,962 shares of the information technology services provider’s stock valued at $3,311,102,000 after acquiring an additional 131,544 shares during the period. Dimensional Fund Advisors LP boosted its position in Accenture by 6.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,681,940 shares of the information technology services provider’s stock worth $813,743,000 after purchasing an additional 154,328 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Accenture during the second quarter worth about $7,775,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity

In other news, insider Angela Beatty sold 375 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the completion of the sale, the insider now owns 5,149 shares in the company, valued at $1,845,916.50. This represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO John F. Walsh sold 5,000 shares of Accenture stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $373.24, for a total value of $1,866,200.00. Following the transaction, the chief operating officer now directly owns 17,593 shares in the company, valued at approximately $6,566,411.32. The trade was a 22.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,673 shares of company stock valued at $13,507,099. Company insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ACN shares. Mizuho raised their target price on Accenture from $352.00 to $365.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Guggenheim upped their target price on shares of Accenture from $380.00 to $395.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Wolfe Research upgraded shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective on the stock in a report on Wednesday, January 8th. UBS Group lifted their target price on Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. increased their price target on Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $385.04.

Accenture Stock Performance

ACN stock opened at $349.14 on Tuesday. 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 $218.49 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 3.23 and a beta of 1.24. The stock’s fifty day moving average is $357.93 and its two-hundred day moving average is $344.63.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. The firm had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. Accenture had a net margin of 11.20% and a return on equity of 26.83%. Accenture’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.27 EPS. As a group, analysts predict that Accenture plc will post 12.74 EPS for the current fiscal year.

Accenture announced that its board has approved a share repurchase program on Thursday, September 26th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the information technology services provider to purchase up to 1.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be paid a $1.48 dividend. The ex-dividend date is Thursday, January 16th. This represents a $5.92 annualized dividend and a dividend yield of 1.70%. Accenture’s payout ratio is 49.66%.

About Accenture

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.