RMR Wealth Builders Purchases 418 Shares of Accenture plc (NYSE:ACN)

RMR Wealth Builders raised its position in shares of Accenture plc (NYSE:ACN) by 7.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,855 shares of the information technology services provider’s stock after purchasing an additional 418 shares during the period. RMR Wealth Builders’ holdings in Accenture were worth $1,827,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ACN. Norges Bank bought a new stake in Accenture during the 4th quarter valued at $2,351,683,000. GAMMA Investing LLC increased its holdings in shares of Accenture by 30,256.8% in the 1st quarter. GAMMA Investing LLC now owns 3,421,519 shares of the information technology services provider’s stock valued at $1,067,651,000 after acquiring an additional 3,410,248 shares during the period. Wellington Management Group LLP raised its position in shares of Accenture by 22.8% in the 4th quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider’s stock worth $4,283,225,000 after acquiring an additional 2,260,740 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Accenture in the 4th quarter worth $666,495,000. Finally, Capital Research Global Investors raised its position in shares of Accenture by 16.8% in the 4th quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider’s stock worth $4,325,526,000 after acquiring an additional 1,770,024 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ACN has been the subject of several recent research reports. Morgan Stanley reduced their price target on Accenture from $372.00 to $340.00 and set an “equal weight” rating for the company in a research report on Thursday. BMO Capital Markets boosted their price target on Accenture to $355.00 and gave the stock a “hold” rating in a research report on Wednesday, March 26th. Stifel Nicolaus reduced their price target on Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Guggenheim reduced their price target on Accenture from $400.00 to $395.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, Barclays reduced their price target on Accenture from $415.00 to $390.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $382.15.

Insider Activity

In related news, insider Angela Beatty sold 169 shares of the company’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.90, for a total value of $47,641.10. Following the completion of the transaction, the insider now owns 5,364 shares of the company’s stock, valued at approximately $1,512,111.60. This represents a 3.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,284 shares of the company’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.63, for a total value of $643,242.92. Following the completion of the transaction, the chief executive officer now directly owns 9,965 shares of the company’s stock, valued at $2,806,442.95. The trade was a 18.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,516 shares of company stock valued at $2,507,366 in the last quarter. 0.02% of the stock is currently owned by company insiders.

Accenture Stock Down 0.4%

Accenture stock opened at $318.02 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The business’s 50-day simple moving average is $304.89 and its two-hundred day simple moving average is $336.13. The company has a market cap of $199.19 billion, a PE ratio of 26.68, a PEG ratio of 3.23 and a beta of 1.33. Accenture plc has a fifty-two week low of $275.01 and a fifty-two week high of $398.35.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.01. The business had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.77 EPS. Equities analysts anticipate that Accenture plc will post 12.73 EPS for the current 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. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 1.86%. Accenture’s dividend payout ratio (DPR) 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.