Tyche Wealth Partners LLC Has $1.95 Million Stock Holdings in Accenture plc (NYSE:ACN)

Tyche Wealth Partners LLC increased its holdings in shares of Accenture plc (NYSE:ACN) by 95.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,529 shares of the information technology services provider’s stock after purchasing an additional 2,696 shares during the period. Tyche Wealth Partners LLC’s holdings in Accenture were worth $1,945,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Morse Asset Management Inc bought a new stake in shares of Accenture in the 3rd quarter valued at approximately $25,000. MidAtlantic Capital Management Inc. acquired a new position in Accenture during the 3rd quarter worth $30,000. Retirement Wealth Solutions LLC acquired a new position in Accenture during the 4th quarter worth $34,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in Accenture by 607.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock worth $35,000 after buying an additional 85 shares in the last quarter. Finally, Berbice Capital Management LLC acquired a new position in shares of Accenture in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling

In related news, CFO Angie Y. Park sold 685 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $354.38, for a total transaction of $242,750.30. Following the sale, the chief financial officer now owns 8,674 shares in the company, valued at $3,073,892.12. This represents a 7.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Beatty sold 375 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $358.50, for a total value of $134,437.50. Following the sale, the insider now owns 5,149 shares in the company, valued at approximately $1,845,916.50. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,255 shares of company stock valued at $4,756,101 over the last 90 days. 0.02% of the stock is owned by insiders.

Accenture Stock Performance

NYSE ACN opened at $397.92 on Thursday. The firm’s fifty day moving average price is $360.63 and its two-hundred day moving average price is $351.08. The stock has a market cap of $249.01 billion, a PE ratio of 33.38, a PEG ratio of 3.43 and a beta of 1.24. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. The firm had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.27 earnings per share. On average, equities analysts expect that Accenture plc will post 12.69 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be paid a $1.48 dividend. The ex-dividend date is Thursday, January 16th. This represents a $5.92 annualized dividend and a dividend yield of 1.49%. Accenture’s dividend payout ratio is 49.66%.

Analyst Ratings Changes

ACN has been the topic of several research analyst reports. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Piper Sandler increased their target price on Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Morgan Stanley raised their price objective on Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. UBS Group raised their target price on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, Jefferies Financial Group cut their target price on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research note on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.22.

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.