Curated Wealth Partners LLC Purchases 45 Shares of Accenture plc (NYSE:ACN)

Curated Wealth Partners LLC raised its holdings in shares of Accenture plc (NYSE:ACN) by 5.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 836 shares of the information technology services provider’s stock after acquiring an additional 45 shares during the quarter. Curated Wealth Partners LLC’s holdings in Accenture were worth $294,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ACN. Masso Torrence Wealth Management Inc. increased its holdings in 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 in the last quarter. BSW Wealth Partners boosted its holdings in Accenture by 0.7% in the third quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider’s stock worth $1,441,000 after purchasing an additional 28 shares during the last quarter. Slow Capital Inc. grew its position 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 worth $3,205,000 after purchasing an additional 29 shares during the period. Tradition Wealth Management LLC lifted its holdings 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 buying an additional 29 shares during the period. Finally, NBC Securities Inc. boosted its stake in shares of Accenture by 0.6% in the 3rd quarter. NBC Securities Inc. now owns 5,206 shares of the information technology services provider’s stock worth $1,840,000 after buying an additional 30 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Down 0.2 %

ACN opened at $362.65 on Friday. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. 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 firm has a 50-day simple moving average of $357.19 and a two-hundred day simple moving average of $346.86. The company has a market capitalization of $226.94 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24.

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

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be paid a $1.48 dividend. The ex-dividend date of this dividend 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 currently 49.66%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ACN. UBS Group increased their target price on Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a report on Friday, December 20th. Piper Sandler raised their price objective on shares of Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Barclays upped their target price on shares of Accenture from $350.00 to $415.00 and gave the company an “overweight” rating in a report on Monday, September 30th. StockNews.com raised shares of Accenture from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Finally, Susquehanna lifted their target price on Accenture from $350.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $383.74.

Insider Activity

In other news, insider Angela Beatty sold 375 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total value of $134,437.50. Following the sale, the insider now owns 5,149 shares of the company’s stock, valued at approximately $1,845,916.50. This represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 8,136 shares of Accenture 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 directly owns 12,188 shares of the company’s stock, valued at approximately $4,412,909.16. This represents a 40.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,332 shares of company stock worth $6,172,719. 0.02% of the stock is currently owned by corporate insiders.

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.