Curated Wealth Partners LLC Has $294,000 Stock Position in Accenture plc (NYSE:ACN)

Curated Wealth Partners LLC grew its stake in Accenture plc (NYSE:ACN) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 836 shares of the information technology services provider’s stock after purchasing an additional 45 shares during the quarter. Curated Wealth Partners LLC’s holdings in Accenture were worth $294,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ACN. Masso Torrence Wealth Management Inc. grew its position in shares of Accenture by 2.0% during the 3rd quarter. Masso Torrence Wealth Management Inc. now owns 1,447 shares of the information technology services provider’s stock valued at $511,000 after acquiring an additional 28 shares during the period. BSW Wealth Partners lifted its position in shares of Accenture by 0.7% during the third quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider’s stock worth $1,441,000 after acquiring an additional 28 shares in the last quarter. Slow Capital Inc. lifted its holdings in Accenture by 0.3% during the 3rd quarter. Slow Capital Inc. now owns 9,067 shares of the information technology services provider’s stock worth $3,205,000 after purchasing an additional 29 shares in the last quarter. Tradition Wealth Management LLC increased its position in shares of Accenture by 0.3% during the third quarter. Tradition Wealth Management LLC now owns 10,951 shares of the information technology services provider’s stock valued at $3,871,000 after buying an additional 29 shares during the period. Finally, NBC Securities Inc. grew its stake in Accenture by 0.6% during the third quarter. NBC Securities Inc. now owns 5,206 shares of the information technology services provider’s stock valued at $1,840,000 after acquiring an additional 30 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Trading Down 0.2 %

ACN opened at $362.65 on Friday. The firm has a market capitalization of $226.94 billion, a price-to-earnings ratio of 30.42, a PEG ratio of 3.20 and a beta of 1.24. Accenture plc has a one year low of $278.69 and a one year high of $387.51. The business has a 50 day simple moving average of $357.19 and a two-hundred day simple moving average of $346.86. 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 released its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. During the same quarter in the previous year, the business posted $3.27 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts predict that Accenture plc will post 12.69 EPS for the current year.

Accenture Announces Dividend

The company also recently announced 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. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s payout ratio is presently 49.66%.

Analysts Set New Price Targets

A number of research firms have recently commented on ACN. JPMorgan Chase & Co. boosted their price target on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Royal Bank of Canada raised their price target on Accenture from $377.00 to $389.00 and gave the company an “outperform” rating in a report on Friday, September 27th. Susquehanna upped their price objective on shares of Accenture from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. UBS Group lifted their target price on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Guggenheim raised their price objective on shares of Accenture from $380.00 to $395.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $383.74.

Insider Activity at Accenture

In related news, insider Angela Beatty sold 375 shares of the company’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ryoji Sekido sold 3,191 shares of Accenture 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 transaction, the chief executive officer now owns 6 shares of the company’s stock, valued at $2,062.20. The trade was a 99.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,332 shares of company stock worth $6,172,719 over the last ninety days. 0.02% of the stock is owned by corporate insiders.

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.