Accenture plc (NYSE:ACN) Shares Bought by Toth Financial Advisory Corp

Toth Financial Advisory Corp raised its stake in Accenture plc (NYSE:ACN) by 16.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,492 shares of the information technology services provider’s stock after buying an additional 1,218 shares during the quarter. Toth Financial Advisory Corp’s holdings in Accenture were worth $2,987,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State Street Corp lifted its stake in Accenture by 1.8% during the third quarter. State Street Corp now owns 27,400,836 shares of the information technology services provider’s stock worth $9,685,648,000 after purchasing an additional 471,792 shares in the last quarter. Legal & General Group Plc lifted its stake in Accenture by 1.4% during the second quarter. Legal & General Group Plc now owns 5,887,266 shares of the information technology services provider’s stock worth $1,786,256,000 after purchasing an additional 80,514 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Accenture by 378.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,491,736 shares of the information technology services provider’s stock worth $1,941,219,000 after purchasing an additional 4,345,039 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Accenture by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,823,754 shares of the information technology services provider’s stock worth $1,705,100,000 after purchasing an additional 56,937 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Accenture by 44.7% during the second quarter. Clearbridge Investments LLC now owns 2,709,989 shares of the information technology services provider’s stock worth $822,238,000 after purchasing an additional 837,677 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Buying and Selling at Accenture

In other news, CEO Ryoji Sekido sold 3,191 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $343.70, for a total transaction of $1,096,746.70. Following the transaction, the chief executive officer now directly owns 6 shares in the company, valued at $2,062.20. The trade was a 99.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Julie Spellman Sweet sold 8,136 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $362.07, for a total transaction of $2,945,801.52. Following the transaction, the chief executive officer now owns 12,188 shares in the company, valued at approximately $4,412,909.16. This trade represents a 40.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,332 shares of company stock valued at $6,172,719 in the last ninety days. Insiders own 0.02% of the company’s stock.

Accenture Stock Down 0.2 %

ACN opened at $362.65 on Friday. The business’s 50-day simple moving average is $357.37 and its 200-day simple moving average is $347.30. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. Accenture plc has a one year low of $278.69 and a one year high of $387.51. The stock has a market capitalization of $226.94 billion, a P/E ratio of 30.42, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. The business had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.27 EPS. Analysts anticipate that Accenture plc will post 12.69 EPS for the current year.

Accenture Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be issued a $1.48 dividend. The ex-dividend date is Thursday, January 16th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.63%. Accenture’s payout ratio is 49.66%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. UBS Group increased their price objective on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research note on Friday, December 20th. StockNews.com upgraded Accenture from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Bank of America increased their price objective on Accenture from $365.00 to $388.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Piper Sandler increased their price objective on Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $383.74.

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.