454 Shares in Accenture PLC (NYSE:ACN) Acquired by Alpine Bank Wealth Management

Alpine Bank Wealth Management purchased a new position in Accenture PLC (NYSE:ACN) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 454 shares of the information technology services provider’s stock, valued at approximately $142,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC increased its position in Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after buying an additional 4,905 shares in the last quarter. Sigma Planning Corp raised its stake in Accenture by 3.4% during the 4th quarter. Sigma Planning Corp now owns 2,526 shares of the information technology services provider’s stock worth $889,000 after acquiring an additional 83 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Accenture during the fourth quarter valued at approximately $350,000. Los Angeles Capital Management LLC boosted its position in shares of Accenture by 7.1% in the fourth quarter. Los Angeles Capital Management LLC now owns 3,347 shares of the information technology services provider’s stock worth $1,177,000 after purchasing an additional 222 shares during the period. Finally, Pinnacle West Asset Management Inc. purchased a new stake in shares of Accenture in the fourth quarter worth $211,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Piper Sandler dropped their price objective on Accenture from $364.00 to $355.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Guggenheim decreased their target price on Accenture from $360.00 to $335.00 and set a “buy” rating on the stock in a research note on Monday. BMO Capital Markets dropped their price target on Accenture from $355.00 to $325.00 and set a “market perform” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Accenture from $349.00 to $353.00 and gave the company an “overweight” rating in a research report on Monday, June 16th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $370.75.

Insider Activity at Accenture

In related news, General Counsel Joel Unruch sold 3,563 shares of the company’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.78, for a total value of $1,003,982.14. Following the completion of the sale, the general counsel now directly owns 17,237 shares of the company’s stock, valued at $4,857,041.86. This represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Beatty sold 169 shares of the firm’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.90, for a total transaction of $47,641.10. Following the transaction, the insider now directly owns 5,364 shares in the company, valued at $1,512,111.60. This trade represents a 3.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,516 shares of company stock worth $2,507,366 in the last 90 days. 0.02% of the stock is owned by corporate insiders.

Accenture Price Performance

ACN stock opened at $294.71 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.48 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12 month low of $273.19 and a 12 month high of $398.35. The stock has a market cap of $184.59 billion, a PE ratio of 23.46, a P/E/G ratio of 2.95 and a beta of 1.33. The company has a 50-day moving average price of $307.51 and a 200 day moving average price of $332.55.

Accenture (NYSE:ACN) last released its earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $3.32 by $0.17. Accenture had a return on equity of 26.55% and a net margin of 11.61%. The firm had revenue of $17.73 billion for the quarter, compared to analysts’ expectations of $17.26 billion. During the same quarter in the prior year, the firm posted $3.13 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 10th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 2.01%. The ex-dividend date is Thursday, July 10th. Accenture’s dividend payout ratio is presently 47.13%.

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.