Carderock Capital Management Inc. Acquires 1,084 Shares of Accenture plc (NYSE:ACN)

Carderock Capital Management Inc. increased its position in shares of Accenture plc (NYSE:ACNFree Report) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,428 shares of the information technology services provider’s stock after purchasing an additional 1,084 shares during the period. Accenture makes up about 2.3% of Carderock Capital Management Inc.’s portfolio, making the stock its 16th biggest holding. Carderock Capital Management Inc.’s holdings in Accenture were worth $8,221,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Chilton Capital Management LLC lifted its holdings in Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 45 shares during the last quarter. Halpern Financial Inc. acquired a new position in Accenture in the 4th quarter valued at $31,000. Strategic Investment Solutions Inc. IL acquired a new position in Accenture in the 1st quarter valued at $28,000. BluePath Capital Management LLC acquired a new position in Accenture in the 3rd quarter valued at $31,000. Finally, RVW Wealth LLC acquired a new position in Accenture in the 3rd quarter valued at $33,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Mizuho reaffirmed a “buy” rating and issued a $398.00 price objective (down from $426.00) on shares of Accenture in a report on Friday, March 22nd. Stifel Nicolaus lifted their price objective on Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a report on Monday, March 18th. Piper Sandler lifted their price objective on Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a report on Monday, March 18th. StockNews.com cut Accenture from a “buy” rating to a “hold” rating in a report on Friday, March 22nd. Finally, UBS Group lifted their price target on Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $387.00.

View Our Latest Research Report on Accenture

Accenture Stock Down 1.2 %

Shares of ACN stock opened at $332.28 on Thursday. The firm has a market capitalization of $222.87 billion, a P/E ratio of 30.13, a P/E/G ratio of 3.21 and a beta of 1.19. Accenture plc has a twelve month low of $261.68 and a twelve month high of $387.51. The stock’s fifty day simple moving average is $366.56 and its 200 day simple moving average is $341.19.

Accenture (NYSE:ACNGet Free Report) last issued its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.85 billion. During the same quarter in the previous year, the company posted $2.69 EPS. Accenture’s quarterly revenue was down .1% compared to the same quarter last year. As a group, equities research analysts expect that Accenture plc will post 12.1 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be given a $1.29 dividend. The ex-dividend date is Wednesday, April 10th. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.55%. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

Insider Buying and Selling at Accenture

In other Accenture news, CAO Melissa A. Burgum sold 3,010 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $371.80, for a total value of $1,119,118.00. Following the sale, the chief accounting officer now owns 9,193 shares in the company, valued at approximately $3,417,957.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, COO John F. Walsh sold 8,000 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $332.13, for a total value of $2,657,040.00. Following the transaction, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at approximately $5,937,488.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 3,010 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $371.80, for a total value of $1,119,118.00. Following the completion of the transaction, the chief accounting officer now directly owns 9,193 shares in the company, valued at $3,417,957.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,000 shares of company stock worth $11,146,998. Insiders own 0.07% of the company’s stock.

About Accenture

(Free Report)

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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