580 Shares in Accenture plc (NYSE:ACN) Bought by Consilio Wealth Advisors LLC

Consilio Wealth Advisors LLC bought a new position in shares of Accenture plc (NYSE:ACN) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 580 shares of the information technology services provider’s stock, valued at approximately $204,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morse Asset Management Inc bought a new stake in shares of Accenture in the third quarter valued at about $25,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Accenture in the third quarter valued at about $30,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings 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 valued at $35,000 after purchasing an additional 85 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in shares of Accenture in the third quarter valued at about $39,000. Finally, Reston Wealth Management LLC bought a new stake in shares of Accenture in the third quarter valued at about $51,000. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Performance

Shares of ACN traded up $0.50 during trading hours on Monday, reaching $350.29. The stock had a trading volume of 1,317,998 shares, compared to its average volume of 2,513,445. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51. The stock has a market capitalization of $219.21 billion, a PE ratio of 30.65, a PEG ratio of 3.23 and a beta of 1.24. The company’s 50-day moving average is $357.82 and its two-hundred day moving average is $344.30.

Accenture (NYSE:ACN) last announced its quarterly 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 company had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a return on equity of 26.83% and a net margin of 11.20%. Accenture’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.27 EPS. Equities analysts anticipate that Accenture plc will post 12.74 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s dividend payout ratio is currently 49.66%.

Accenture announced that its Board of Directors has approved a stock buyback plan on Thursday, September 26th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the information technology services provider to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several analysts recently issued reports on ACN shares. Piper Sandler upped their target price on Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Barclays upped their target price on Accenture from $350.00 to $415.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Robert W. Baird reissued a “neutral” rating and set a $370.00 price target on shares of Accenture in a research report on Tuesday, December 3rd. Susquehanna boosted their price target on Accenture from $350.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Finally, TD Cowen raised Accenture from a “hold” rating to a “buy” rating and boosted their price target for the stock from $321.00 to $400.00 in a research report on Monday, September 30th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and a consensus target price of $385.04.

Insider Buying and Selling

In other Accenture news, CEO Ryoji Sekido sold 3,191 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $343.70, for a total transaction of $1,096,746.70. Following the completion of the sale, the chief executive officer now directly owns 6 shares in the company, valued at approximately $2,062.20. This trade represents a 99.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kathleen R. Mcclure sold 5,090 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $373.22, for a total value of $1,899,689.80. Following the sale, the chief financial officer now owns 38,825 shares of the company’s stock, valued at approximately $14,490,266.50. The trade was a 11.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,673 shares of company stock valued at $13,507,099 in the last three months. Insiders own 0.02% of the company’s stock.

About Accenture

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.