S.A. Mason LLC Has $1.65 Million Stock Holdings in Accenture plc (NYSE:ACN)

S.A. Mason LLC grew its stake in Accenture plc (NYSE:ACN) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,690 shares of the information technology services provider’s stock after purchasing an additional 300 shares during the period. Accenture makes up approximately 0.9% of S.A. Mason LLC’s holdings, making the stock its 24th largest holding. S.A. Mason LLC’s holdings in Accenture were worth $1,650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Princeton Global Asset Management LLC raised its stake in Accenture by 13.0% during the fourth quarter. Princeton Global Asset Management LLC now owns 20,525 shares of the information technology services provider’s stock worth $7,220,000 after acquiring an additional 2,357 shares in the last quarter. FSM Wealth Advisors LLC grew its holdings in shares of Accenture by 3.3% in the 4th quarter. FSM Wealth Advisors LLC now owns 2,472 shares of the information technology services provider’s stock worth $867,000 after purchasing an additional 80 shares during the last quarter. KPP Advisory Services LLC increased its position in shares of Accenture by 5.6% during the 4th quarter. KPP Advisory Services LLC now owns 3,451 shares of the information technology services provider’s stock worth $1,214,000 after purchasing an additional 182 shares in the last quarter. HHM Wealth Advisors LLC boosted its position in Accenture by 673.7% in the fourth quarter. HHM Wealth Advisors LLC now owns 2,120 shares of the information technology services provider’s stock valued at $746,000 after buying an additional 1,846 shares in the last quarter. Finally, Willis Investment Counsel grew its stake in Accenture by 0.6% during the fourth quarter. Willis Investment Counsel now owns 115,661 shares of the information technology services provider’s stock worth $40,688,000 after buying an additional 648 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Jefferies Financial Group reduced their target price on Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Robert W. Baird restated a “neutral” rating and set a $370.00 price objective on shares of Accenture in a report on Tuesday, December 3rd. BMO Capital Markets increased their target price on shares of Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. StockNews.com raised shares of Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Finally, Wolfe Research upgraded Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price on the stock in a report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $387.22.

Accenture Trading Up 1.1 %

Shares of NYSE:ACN opened at $384.88 on Monday. The company’s 50-day moving average price is $359.56 and its two-hundred day moving average price is $350.06. Accenture plc has a one year low of $278.69 and a one year high of $387.51. 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 stock has a market capitalization of $240.86 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 3.33 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 (EPS) for the quarter, topping the consensus estimate of $3.43 by $0.16. The business had revenue of $17.69 billion for the quarter, compared to analyst estimates 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 prior year, the company posted $3.27 earnings per share. On average, equities analysts forecast that Accenture plc will post 12.69 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently announced 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. The ex-dividend date is Thursday, January 16th. This represents a $5.92 dividend on an annualized basis and a yield of 1.54%. Accenture’s payout ratio is 49.66%.

Insiders Place Their Bets

In other news, CAO Melissa A. Burgum sold 1,487 shares of Accenture stock in a transaction that occurred on Tuesday, January 21st. The stock was 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. The trade was a 13.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Angela Beatty sold 375 shares of the stock in a transaction on Monday, December 23rd. The shares were 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 approximately $1,845,916.50. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,255 shares of company stock valued at $4,756,101. 0.02% of the stock is currently owned by corporate insiders.

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.