Accenture plc (NYSE:ACN) Shares Bought by DGS Capital Management LLC

DGS Capital Management LLC increased its position in shares of Accenture plc (NYSE:ACN) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,473 shares of the information technology services provider’s stock after acquiring an additional 125 shares during the quarter. DGS Capital Management LLC’s holdings in Accenture were worth $868,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Chilton Capital Management LLC raised its holdings in Accenture by 180.0% in the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 45 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in Accenture during the first quarter worth about $28,000. BluePath Capital Management LLC purchased a new stake in Accenture during the third quarter worth about $31,000. Halpern Financial Inc. purchased a new stake in Accenture during the fourth quarter worth about $31,000. Finally, RVW Wealth LLC purchased a new stake in Accenture during the third quarter worth about $33,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ACN. Mizuho reiterated a “buy” rating and set a $398.00 price target (down from $426.00) on shares of Accenture in a research note on Friday, March 22nd. Redburn Atlantic boosted their price target on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Guggenheim began coverage on shares of Accenture in a research note on Tuesday, March 19th. They set a “buy” rating and a $425.00 target price on the stock. BNP Paribas upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 target price on the stock in a research note on Wednesday, January 17th. Finally, Citigroup cut their target price on shares of Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average target price of $387.00.

Accenture Price Performance

Shares of ACN stock traded down $0.23 during trading hours on Tuesday, hitting $313.04. The stock had a trading volume of 951,507 shares, compared to its average volume of 2,336,031. The firm has a market capitalization of $209.97 billion, a PE ratio of 28.41, a PEG ratio of 2.99 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 50 day moving average is $359.41 and its 200 day moving average is $342.09.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.11. The business had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.69 earnings per share. As a group, equities analysts predict that Accenture plc will post 12.09 earnings per share for the current year.

Accenture Dividend Announcement

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

Insider Buying and Selling

In related news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $371.81, for a total transaction of $1,859,050.00. Following the completion of the sale, the insider now directly owns 20,316 shares of the company’s stock, valued at $7,553,691.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Accenture news, CFO Kathleen R. Mcclure sold 851 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $371.77, for a total value of $316,376.27. Following the completion of the transaction, the chief financial officer now owns 50,737 shares in the company, valued at $18,862,494.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ellyn Shook sold 5,000 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $371.81, for a total value of $1,859,050.00. Following the completion of the transaction, the insider now owns 20,316 shares of the company’s stock, valued at approximately $7,553,691.96. The disclosure for this sale can be found here. Insiders sold a total of 31,000 shares of company stock valued at $11,146,998 over the last three months. 0.07% of the stock is currently owned by company insiders.

Accenture 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.