Raab & Moskowitz Asset Management LLC Purchases 40 Shares of Accenture plc (NYSE:ACN)

Raab & Moskowitz Asset Management LLC lifted its position in shares of Accenture plc (NYSE:ACN) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 975 shares of the information technology services provider’s stock after purchasing an additional 40 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Accenture were worth $343,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ACN. Masso Torrence Wealth Management Inc. boosted its stake in shares of Accenture by 2.0% in the 3rd quarter. Masso Torrence Wealth Management Inc. now owns 1,447 shares of the information technology services provider’s stock worth $511,000 after buying an additional 28 shares during the last quarter. BSW Wealth Partners lifted its holdings in Accenture by 0.7% during the third quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider’s stock worth $1,441,000 after acquiring an additional 28 shares during the period. Newbridge Financial Services Group Inc. boosted its position in Accenture by 5.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider’s stock worth $182,000 after purchasing an additional 28 shares during the last quarter. Slow Capital Inc. grew its stake in Accenture by 0.3% in the 3rd quarter. Slow Capital Inc. now owns 9,067 shares of the information technology services provider’s stock valued at $3,205,000 after purchasing an additional 29 shares during the period. Finally, Tradition Wealth Management LLC increased its position in shares of Accenture by 0.3% during the 3rd quarter. Tradition Wealth Management LLC now owns 10,951 shares of the information technology services provider’s stock valued at $3,871,000 after purchasing an additional 29 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Robert W. Baird restated a “neutral” rating and set a $370.00 price target on shares of Accenture in a research report on Tuesday, December 3rd. StockNews.com raised shares of Accenture from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. BNP Paribas downgraded Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price objective on the stock. in a research note on Wednesday, October 30th. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price for the company in a research report on Wednesday, January 8th. Finally, Piper Sandler upped their price target on Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $387.22.

Insider Buying and Selling at Accenture

In other Accenture news, CFO Angie Y. Park sold 685 shares of the firm’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 trade represents a 7.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Angela Beatty sold 375 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the completion of the transaction, the insider now owns 5,149 shares of the company’s stock, valued at $1,845,916.50. The trade was a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,280 shares of company stock worth $8,316,190 over the last three months. 0.02% of the stock is owned by insiders.

Accenture Stock Down 0.3 %

Shares of NYSE:ACN opened at $388.85 on Thursday. The company has a market cap of $243.34 billion, a price-to-earnings ratio of 32.62, a PEG ratio of 3.44 and a beta of 1.24. Accenture plc has a one year low of $278.69 and a one year high of $398.35. The firm has a fifty day moving average price of $363.57 and a two-hundred day moving average price of $353.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.16. The company had revenue of $17.69 billion during the quarter, compared to analyst estimates of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $3.27 earnings per share. Analysts anticipate that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently announced 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. This represents a $5.92 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Thursday, January 16th. Accenture’s dividend payout ratio is currently 49.66%.

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.