McBroom & Associates LLC Buys 1,062 Shares of Accenture plc (NYSE:ACN)

McBroom & Associates LLC lifted its stake in Accenture plc (NYSE:ACN) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,006 shares of the information technology services provider’s stock after acquiring an additional 1,062 shares during the period. Accenture accounts for 4.0% of McBroom & Associates LLC’s portfolio, making the stock its 13th largest position. McBroom & Associates LLC’s holdings in Accenture were worth $7,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Stonebridge Financial Group LLC bought a new position in shares of Accenture in the 4th quarter worth $926,000. Essex Financial Services Inc. raised its position in shares of Accenture by 2.9% in the 4th quarter. Essex Financial Services Inc. now owns 3,206 shares of the information technology services provider’s stock worth $1,128,000 after acquiring an additional 90 shares in the last quarter. Mill Creek Capital Advisors LLC raised its position in shares of Accenture by 3.2% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 2,081 shares of the information technology services provider’s stock worth $732,000 after acquiring an additional 65 shares in the last quarter. Focus Financial Network Inc. raised its position in shares of Accenture by 0.8% in the 4th quarter. Focus Financial Network Inc. now owns 4,423 shares of the information technology services provider’s stock worth $1,556,000 after acquiring an additional 35 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its position in shares of Accenture by 57.8% in the 4th quarter. Summit Trail Advisors LLC now owns 9,754 shares of the information technology services provider’s stock worth $3,432,000 after acquiring an additional 3,572 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Accenture news, insider Angela Beatty sold 375 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total transaction of $134,437.50. Following the transaction, the insider now owns 5,149 shares in the company, valued at approximately $1,845,916.50. This represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 8,793 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total value of $3,468,574.71. Following the transaction, the chief executive officer now directly owns 11,858 shares of the company’s stock, valued at $4,677,625.26. The trade was a 42.58 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,280 shares of company stock worth $8,316,190. 0.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ACN. BNP Paribas lowered Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 target price on the stock. in a research report on Wednesday, October 30th. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price on the stock in a research report on Wednesday, January 8th. Jefferies Financial Group reduced their target price on Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Finally, UBS Group upped their target price on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $387.22.

Accenture Stock Up 0.2 %

Shares of ACN opened at $386.72 on Tuesday. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $242.00 billion, a price-to-earnings ratio of 32.44, a PEG ratio of 3.44 and a beta of 1.24. The stock’s 50-day moving average price is $362.30 and its 200-day moving average price is $352.34.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. The company had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. Accenture’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.27 earnings per share. On average, sell-side analysts predict that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be given a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 dividend on an annualized basis and a yield of 1.53%. Accenture’s dividend payout ratio is currently 49.66%.

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.