Bogart Wealth LLC Purchases 1,171 Shares of Accenture plc (NYSE:ACN)

Bogart Wealth LLC raised its stake in shares of Accenture plc (NYSE:ACN) by 9.4% in the 4th quarter, Holdings Channel reports. The firm owned 13,604 shares of the information technology services provider’s stock after acquiring an additional 1,171 shares during the period. Bogart Wealth LLC’s holdings in Accenture were worth $4,774,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Chilton Capital Management LLC increased its stake in Accenture by 180.0% in the fourth 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 period. DiNuzzo Private Wealth Inc. purchased a new stake in Accenture during the 4th quarter worth approximately $27,000. Halpern Financial Inc. purchased a new position in shares of Accenture in the fourth quarter worth about $31,000. BluePath Capital Management LLC purchased a new position in Accenture during the third quarter valued at approximately $31,000. Finally, Valued Wealth Advisors LLC acquired a new stake in Accenture in the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

Shares of NYSE:ACN traded up $1.33 during midday trading on Wednesday, reaching $311.99. The company’s stock had a trading volume of 2,283,894 shares, compared to its average volume of 2,499,014. The firm has a market capitalization of $209.26 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 2.88 and a beta of 1.21. Accenture plc has a fifty-two week low of $261.68 and a fifty-two week high of $387.51. The firm has a 50 day moving average price of $340.17 and a two-hundred day moving average price of $342.35.

Accenture (NYSE:ACN) last announced its earnings results 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 firm had revenue of $15.80 billion for the quarter, compared to the consensus estimate of $15.85 billion. During the same quarter in the previous year, the business earned $2.69 EPS. The company’s revenue was down .1% compared to the same quarter last year. As a group, research analysts anticipate that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be given a $1.29 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.65%. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

Wall Street Analysts Forecast Growth

ACN has been the subject of a number of research analyst reports. BNP Paribas upgraded Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price target for the company in a report on Wednesday, January 17th. Royal Bank of Canada increased their price target on shares of Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. UBS Group increased their price objective on shares of Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Citigroup cut their price target on Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, Morgan Stanley boosted their price target on Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $387.00.

Insider Buying and Selling at Accenture

In other news, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 17,877 shares in the company, valued at approximately $5,937,488.01. The sale was disclosed in a filing with the SEC, which is available through this link. In other Accenture news, General Counsel Joel Unruch sold 4,333 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $316.12, for a total value of $1,369,747.96. Following the completion of the transaction, the general counsel now directly owns 30,702 shares in the company, valued at $9,705,516.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction on Monday, March 25th. The shares were sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the sale, the chief operating officer now owns 17,877 shares in the company, valued at $5,937,488.01. The disclosure for this sale can be found here. Insiders have sold 28,083 shares of company stock worth $8,959,325 over the last ninety days. Insiders own 0.07% 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.