Adero Partners LLC Has $472,000 Holdings in Accenture plc (NYSE:ACN)

Adero Partners LLC lifted its stake in Accenture plc (NYSE:ACN) by 10.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,341 shares of the information technology services provider’s stock after acquiring an additional 125 shares during the quarter. Adero Partners LLC’s holdings in Accenture were worth $472,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morse Asset Management Inc purchased a new position in shares of Accenture during the 3rd quarter valued at $25,000. MidAtlantic Capital Management Inc. purchased a new position in Accenture in the third quarter valued at about $30,000. Retirement Wealth Solutions LLC acquired a new position in Accenture in the 4th quarter worth about $34,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of Accenture by 607.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 85 shares during the last quarter. Finally, Berbice Capital Management LLC bought a new stake in shares of Accenture in the 4th quarter valued at approximately $35,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, General Counsel Joel Unruch sold 4,750 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $362.78, for a total value of $1,723,205.00. Following the sale, the general counsel now owns 20,526 shares of the company’s stock, valued at approximately $7,446,422.28. This represents a 18.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Beatty sold 375 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction of $134,437.50. Following the completion of the transaction, 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 ownership of the stock. 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 quarter. Company insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on ACN shares. Jefferies Financial Group reduced their target price 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. BMO Capital Markets upped their price objective 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 Accenture from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Morgan Stanley increased their price objective on Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, BNP Paribas cut Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 target price for the company. in a research report on Wednesday, October 30th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and a consensus target price of $387.22.

Accenture Trading Up 1.6 %

Shares of ACN opened at $397.92 on Thursday. The stock’s 50-day moving average price is $360.63 and its 200 day moving average price is $351.08. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 12-month low of $278.69 and a 12-month high of $398.35. The firm has a market capitalization of $249.01 billion, a price-to-earnings ratio of 33.38, a P/E/G ratio of 3.43 and a beta of 1.24.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. The business had revenue of $17.69 billion during 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 period in the prior year, the company posted $3.27 earnings per share. As a group, research analysts predict that Accenture plc will post 12.69 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given 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 (DPR) 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.