Accenture PLC (NYSE:ACN) Shares Purchased by KPP Advisory Services LLC

KPP Advisory Services LLC raised its position in Accenture PLC (NYSE:ACN) by 4.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,617 shares of the information technology services provider’s stock after purchasing an additional 166 shares during the quarter. KPP Advisory Services LLC’s holdings in Accenture were worth $1,129,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in Accenture during the 4th quarter valued at about $30,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Accenture in the fourth quarter valued at approximately $30,000. Park Square Financial Group LLC acquired a new position in shares of Accenture in the fourth quarter valued at approximately $31,000. Inlight Wealth Management LLC purchased a new stake in Accenture during the 1st quarter worth approximately $32,000. Finally, Promus Capital LLC purchased a new position in Accenture in the 4th quarter valued at approximately $34,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Performance

NYSE ACN opened at $294.71 on Thursday. The business’s 50-day moving average price is $307.51 and its 200 day moving average price is $332.55. The company has a quick ratio of 1.48, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a market cap of $184.59 billion, a P/E ratio of 23.46, a P/E/G ratio of 2.95 and a beta of 1.33. Accenture PLC has a 52-week low of $273.19 and a 52-week high of $398.35.

Accenture (NYSE:ACN) last released its earnings results on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.17. Accenture had a return on equity of 26.55% and a net margin of 11.61%. The business had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.26 billion. During the same quarter in the previous year, the company posted $3.13 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities research analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 10th will be paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, July 10th. Accenture’s dividend payout ratio (DPR) is 47.13%.

Insider Activity at Accenture

In related news, General Counsel Joel Unruch sold 3,563 shares of Accenture stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the completion of the transaction, the general counsel now directly owns 17,237 shares of the company’s stock, valued at approximately $4,857,041.86. The trade was a 17.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 2,284 shares of the company’s stock in a transaction 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 in the company, valued at $2,806,442.95. This trade represents a 18.65% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,516 shares of company stock worth $2,507,366 over the last three months. 0.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Accenture from $349.00 to $353.00 and gave the company an “overweight” rating in a research note on Monday, June 16th. Mizuho decreased their price objective on Accenture from $365.00 to $348.00 and set an “outperform” rating for the company in a research note on Tuesday. UBS Group restated a “buy” rating and set a $395.00 target price (up from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. BMO Capital Markets decreased their price target on shares of Accenture from $355.00 to $325.00 and set a “market perform” rating for the company in a research note on Monday. Finally, Benchmark reissued a “mixed” rating on shares of Accenture in a research report on Friday, June 20th. Seven analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $370.75.

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.