Community Bank & Trust Waco Texas Purchases 376 Shares of Accenture plc (NYSE:ACN)

Community Bank & Trust Waco Texas increased its holdings in Accenture plc (NYSE:ACN) by 19.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,284 shares of the information technology services provider’s stock after buying an additional 376 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Accenture were worth $801,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Chilton Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 45 shares during the last quarter. BluePath Capital Management LLC bought a new stake in shares of Accenture during the third quarter valued at approximately $31,000. Halpern Financial Inc. purchased a new position in Accenture during the fourth quarter valued at approximately $31,000. Valued Wealth Advisors LLC purchased a new stake in shares of Accenture during the 4th quarter worth $50,000. Finally, Valley National Advisers Inc. lifted its position in shares of Accenture by 40.3% during the third quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock valued at $51,000 after buying an additional 48 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ACN. UBS Group raised their target price on shares of Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Redburn Atlantic lifted their target price on shares of Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Piper Sandler lifted their price target on Accenture from $335.00 to $394.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Bank of America raised their price target on shares of Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, Robert W. Baird boosted their price objective on Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $387.00.

Accenture Stock Performance

Shares of NYSE ACN traded down $5.13 during mid-day trading on Wednesday, reaching $311.70. The company had a trading volume of 1,164,318 shares, compared to its average volume of 2,369,391. The stock’s 50 day moving average is $353.29 and its 200-day moving average is $342.40. Accenture plc has a twelve month low of $261.68 and a twelve month high of $387.51. The stock has a market capitalization of $209.07 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 3.01 and a beta of 1.19.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. The company had revenue of $15.80 billion for 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 quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $2.69 earnings per share. On average, sell-side analysts anticipate that Accenture plc will post 12.09 EPS for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 11th will be given a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio is 46.78%.

Insider Buying and Selling

In other news, CFO Kathleen R. Mcclure sold 851 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $371.77, for a total transaction of $316,376.27. Following the completion of the transaction, the chief financial officer now directly owns 50,737 shares of the company’s stock, valued at approximately $18,862,494.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Kathleen R. Mcclure sold 851 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $371.77, for a total value of $316,376.27. Following the completion of the sale, the chief financial officer now directly owns 50,737 shares in the company, valued at approximately $18,862,494.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Joel Unruch sold 4,333 shares of the stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $316.12, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 39,833 shares of company stock worth $13,645,871 over the last ninety days. Company insiders own 0.07% of the company’s stock.

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.