DiNuzzo Private Wealth Inc. Takes Position in Accenture plc (NYSE:ACN)

DiNuzzo Private Wealth Inc. purchased a new stake in Accenture plc (NYSE:ACN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 76 shares of the information technology services provider’s stock, valued at approximately $27,000.

Several other large investors have also modified their holdings of ACN. Chilton Capital Management LLC lifted its stake in Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. Halpern Financial Inc. purchased a new position in Accenture during the 4th quarter worth approximately $31,000. BluePath Capital Management LLC purchased a new position in Accenture during the 3rd quarter worth approximately $31,000. Valued Wealth Advisors LLC acquired a new stake in Accenture during the 4th quarter worth approximately $50,000. Finally, Valley National Advisers Inc. lifted its position in Accenture by 40.3% during the 3rd quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock worth $51,000 after acquiring an additional 48 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other Accenture news, CEO Manish Sharma sold 1,486 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $370.39, for a total transaction of $550,399.54. Following the transaction, the chief executive officer now directly owns 4,503 shares in the company, valued at $1,667,866.17. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Manish Sharma sold 1,486 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $370.39, for a total value of $550,399.54. Following the sale, the chief executive officer now directly owns 4,503 shares of the company’s stock, valued at $1,667,866.17. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $315.91, for a total value of $1,974,437.50. Following the completion of the sale, the chief executive officer now directly owns 161,581 shares in the company, valued at $51,045,053.71. The disclosure for this sale can be found here. Insiders have sold a total of 31,639 shares of company stock worth $10,276,287 over the last three months. Corporate insiders own 0.07% of the company’s stock.

Accenture Stock Down 0.8 %

Shares of Accenture stock opened at $298.56 on Thursday. Accenture plc has a 12 month low of $261.68 and a 12 month high of $387.51. The business has a fifty day simple moving average of $345.84 and a 200-day simple moving average of $342.03. The stock has a market cap of $200.26 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 2.85 and a beta of 1.21.

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

Accenture Announces Dividend

The business 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 dividend of $1.29 per share. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.73%. Accenture’s dividend payout ratio (DPR) is currently 46.78%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ACN. Guggenheim began coverage on Accenture in a report on Tuesday, March 19th. They set a “buy” rating and a $425.00 price objective for the company. BMO Capital Markets reduced their price objective on Accenture from $385.00 to $375.00 and set a “market perform” rating on the stock in a research note on Friday, March 22nd. Bank of America boosted their price objective on Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Robert W. Baird boosted their price target on Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Finally, TD Cowen lowered their price objective on Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a report on Friday, March 22nd. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $387.00.

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.