4,714 Shares in Accenture plc (NYSE:ACN) Purchased by Single Point Partners LLC

Single Point Partners LLC acquired a new position in Accenture plc (NYSE:ACN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,714 shares of the information technology services provider’s stock, valued at approximately $1,658,000. Accenture makes up approximately 0.4% of Single Point Partners LLC’s holdings, making the stock its 29th biggest position.

Several other large investors also recently bought and sold shares of the business. Morse Asset Management Inc purchased a new position in shares of Accenture in the third quarter worth approximately $25,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Accenture during the 3rd quarter worth $30,000. POM Investment Strategies LLC increased its stake in shares of Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 34 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in Accenture during the fourth quarter valued at $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC raised its stake in shares of Accenture by 607.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock worth $35,000 after buying an additional 85 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Accenture Price Performance

Shares of ACN opened at $386.72 on Tuesday. The company has a 50 day moving average price of $362.30 and a 200-day moving average price of $352.34. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35. The stock has a market capitalization of $242.00 billion, a PE ratio of 32.44, a PEG ratio of 3.44 and a beta of 1.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping 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 firm had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. During the same quarter in the previous year, the business posted $3.27 EPS. Accenture’s revenue was up 9.0% on a year-over-year basis. Equities analysts predict that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be paid a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 dividend on an annualized basis and a yield of 1.53%. Accenture’s payout ratio is 49.66%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ACN. The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $370.00 to $420.00 in a research note on Friday, December 6th. Wolfe Research upgraded shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target on the stock in a report on Wednesday, January 8th. UBS Group lifted their price target on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, December 20th. Morgan Stanley lifted their price target on shares of Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $387.22.

Insider Activity

In related news, CEO Julie Spellman Sweet sold 8,793 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the sale, the chief executive officer now directly owns 11,858 shares of the company’s stock, valued at approximately $4,677,625.26. This represents a 42.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction of $134,437.50. Following the transaction, the insider now directly owns 5,149 shares in the company, valued at approximately $1,845,916.50. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,280 shares of company stock valued at $8,316,190 in the last ninety days. Insiders own 0.02% of the company’s stock.

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.