DGS Capital Management LLC Purchases 125 Shares of Accenture plc (NYSE:ACN)

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

Other large investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its position in shares of Accenture by 2.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock valued at $1,315,832,000 after buying an additional 96,414 shares in the last quarter. Redwood Investments LLC raised its position in shares of Accenture by 8.3% during the 4th quarter. Redwood Investments LLC now owns 20,227 shares of the information technology services provider’s stock valued at $7,098,000 after buying an additional 1,542 shares in the last quarter. Dash Acquisitions Inc. raised its position in shares of Accenture by 1.0% during the 3rd quarter. Dash Acquisitions Inc. now owns 34,043 shares of the information technology services provider’s stock valued at $10,361,000 after buying an additional 330 shares in the last quarter. Chicago Capital LLC raised its position in Accenture by 284.7% in the 4th quarter. Chicago Capital LLC now owns 12,677 shares of the information technology services provider’s stock worth $4,449,000 after purchasing an additional 9,382 shares during the period. Finally, Fortress Wealth Group LLC raised its position in Accenture by 5.4% in the 3rd quarter. Fortress Wealth Group LLC now owns 1,220 shares of the information technology services provider’s stock worth $374,000 after purchasing an additional 62 shares during the period. 75.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO John F. Walsh sold 8,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO John F. Walsh sold 8,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at $5,937,488.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $362.77, for a total transaction of $2,267,312.50. Following the transaction, the chief executive officer now directly owns 167,831 shares of the company’s stock, valued at $60,884,051.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,000 shares of company stock valued at $11,146,998. Insiders own 0.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ACN shares. Citigroup decreased their target price on shares of Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Redburn Atlantic lifted their target price on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Morgan Stanley lifted their target price on shares of Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. Piper Sandler boosted their price objective on shares of Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. Finally, UBS Group boosted their price objective on shares of Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus target price of $387.00.

Accenture Price Performance

NYSE:ACN traded down $0.23 during mid-day trading on Tuesday, hitting $313.04. 951,507 shares of the company’s stock were exchanged, compared to its average volume of 2,336,031. Accenture plc has a one year low of $261.68 and a one year high of $387.51. The business has a fifty day moving average price of $359.41 and a 200 day moving average price of $342.09. The company has a market cap of $209.97 billion, a PE ratio of 28.41, a P/E/G ratio of 2.99 and a beta of 1.19.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, topping the consensus estimate of $2.66 by $0.11. The business had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. Accenture’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.69 earnings per share. On average, equities analysts forecast that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be issued a $1.29 dividend. The ex-dividend date 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%.

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.