Hutchens & Kramer Investment Management Group LLC Buys 47 Shares of Accenture plc (NYSE:ACN)

Hutchens & Kramer Investment Management Group LLC raised its holdings in Accenture plc (NYSE:ACN) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 800 shares of the information technology services provider’s stock after buying an additional 47 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in Accenture were worth $281,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACN. Magnolia Capital Advisors LLC bought a new stake in Accenture in the second quarter valued at approximately $2,758,000. NewEdge Advisors LLC grew its position in shares of Accenture by 12.0% in the second quarter. NewEdge Advisors LLC now owns 67,666 shares of the information technology services provider’s stock valued at $20,530,000 after purchasing an additional 7,254 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Accenture by 2.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 92,083 shares of the information technology services provider’s stock valued at $27,938,000 after purchasing an additional 2,211 shares during the last quarter. Quarry LP grew its position in shares of Accenture by 340.5% in the second quarter. Quarry LP now owns 652 shares of the information technology services provider’s stock valued at $198,000 after purchasing an additional 504 shares during the last quarter. Finally, Saratoga Research & Investment Management grew its position in shares of Accenture by 38.3% in the second quarter. Saratoga Research & Investment Management now owns 170,313 shares of the information technology services provider’s stock valued at $51,675,000 after purchasing an additional 47,192 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ACN. BMO Capital Markets upped their target price on Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. BNP Paribas downgraded Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 target price on the stock. in a research report on Wednesday, October 30th. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target on the stock in a research report on Wednesday, January 8th. UBS Group increased their price target on Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Finally, Barclays increased their price target on Accenture from $350.00 to $415.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Accenture has an average rating of “Moderate Buy” and an average price target of $383.74.

Accenture Stock Up 2.9 %

Shares of NYSE:ACN opened at $372.99 on Tuesday. The firm has a market cap of $233.41 billion, a P/E ratio of 31.29, a P/E/G ratio of 3.20 and a beta of 1.24. 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 $387.51. The business has a fifty day simple moving average of $357.37 and a 200 day simple moving average of $348.01.

Accenture (NYSE:ACN) last announced 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 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 for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $3.27 EPS. Analysts predict that Accenture plc will post 12.69 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, January 16th. Accenture’s dividend payout ratio (DPR) is presently 49.66%.

Insider Transactions at Accenture

In other news, CFO Angie Y. Park sold 685 shares of the firm’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $354.38, for a total value of $242,750.30. Following the completion of the sale, the chief financial officer now directly owns 8,674 shares in the company, valued at $3,073,892.12. This trade represents a 7.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Angela Beatty sold 375 shares of Accenture stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.50, for a total value of $134,437.50. Following the transaction, the insider now owns 5,149 shares of the company’s stock, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,446 shares of company stock valued at $5,852,848. Corporate insiders own 0.02% of the company’s stock.

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.