Royal Capital Wealth Management LLC Has $446,000 Stock Position in Accenture plc (NYSE:ACN)

Royal Capital Wealth Management LLC reduced its stake in shares of Accenture plc (NYSE:ACN) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,268 shares of the information technology services provider’s stock after selling 150 shares during the quarter. Royal Capital Wealth Management LLC’s holdings in Accenture were worth $446,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in ACN. FPC Investment Advisory Inc. boosted its holdings in shares of Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock worth $28,000 after purchasing an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Accenture during the fourth quarter valued at approximately $30,000. Mpwm Advisory Solutions LLC bought a new position in Accenture during the fourth quarter valued at approximately $30,000. POM Investment Strategies LLC raised its position in Accenture by 64.2% during the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after acquiring an additional 34 shares in the last quarter. Finally, Promus Capital LLC bought a new position in Accenture during the fourth quarter valued at approximately $34,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Joel Unruch sold 3,563 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.78, for a total value of $1,003,982.14. Following the completion of the sale, the general counsel now owns 17,237 shares of the company’s stock, valued at approximately $4,857,041.86. This represents a 17.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 2,284 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.63, for a total value of $643,242.92. Following the completion of the sale, the chief executive officer now directly owns 9,965 shares of the company’s stock, valued at approximately $2,806,442.95. The trade was a 18.65% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,516 shares of company stock valued at $2,507,366. 0.02% of the stock is owned by insiders.

Analysts Set New Price Targets

ACN has been the topic of several recent research reports. Stifel Nicolaus cut their price objective on shares of Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Robert W. Baird raised shares of Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price objective on the stock in a research report on Monday, March 17th. Guggenheim dropped their price target on shares of Accenture from $400.00 to $395.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. UBS Group dropped their price target on shares of Accenture from $455.00 to $387.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Finally, Morgan Stanley dropped their target price on shares of Accenture from $380.00 to $372.00 and set an “equal weight” rating on the stock in a research report on Monday, March 17th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average target price of $381.76.

Accenture Trading Up 0.1%

NYSE:ACN opened at $319.70 on Wednesday. Accenture plc has a twelve month low of $275.01 and a twelve month 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 business has a 50 day moving average price of $302.57 and a two-hundred day moving average price of $340.82. The company has a market cap of $200.24 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. During the same quarter in the prior year, the firm posted $2.77 EPS. The business’s revenue was up 5.7% on a year-over-year basis. As a group, analysts expect that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th were issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Thursday, April 10th. Accenture’s payout ratio is presently 48.89%.

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.