Bar Harbor Wealth Management Has $5.18 Million Stock Holdings in Accenture plc (NYSE:ACN)

Bar Harbor Wealth Management grew its stake in Accenture plc (NYSE:ACN) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,720 shares of the information technology services provider’s stock after purchasing an additional 550 shares during the quarter. Bar Harbor Wealth Management’s holdings in Accenture were worth $5,178,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Consilio Wealth Advisors LLC acquired a new stake in Accenture during the fourth quarter worth approximately $204,000. Forza Wealth Management LLC lifted its holdings in Accenture by 50.9% during the 4th quarter. Forza Wealth Management LLC now owns 3,343 shares of the information technology services provider’s stock worth $1,176,000 after purchasing an additional 1,128 shares during the last quarter. Accelerate Investment Advisors LLC acquired a new position in Accenture in the 4th quarter valued at $223,000. Cooper Financial Group increased its position in Accenture by 86.8% during the 4th quarter. Cooper Financial Group now owns 1,655 shares of the information technology services provider’s stock worth $582,000 after buying an additional 769 shares during the period. Finally, Wedmont Private Capital lifted its holdings in shares of Accenture by 22.9% during the fourth quarter. Wedmont Private Capital now owns 5,393 shares of the information technology services provider’s stock worth $1,886,000 after buying an additional 1,004 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, insider Angela Beatty sold 673 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $372.18, for a total value of $250,477.14. Following the completion of the sale, the insider now directly owns 5,650 shares in the company, valued at $2,102,817. This trade represents a 10.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Julie Spellman Sweet sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $376.16, for a total value of $3,385,440.00. Following the sale, the chief executive officer now owns 20,324 shares of the company’s stock, valued at approximately $7,645,075.84. This represents a 30.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,673 shares of company stock valued at $13,507,099. 0.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ACN shares. Mizuho boosted their price objective on shares of Accenture from $352.00 to $365.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Barclays increased their price target on Accenture from $350.00 to $415.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Robert W. Baird reiterated a “neutral” rating and set a $370.00 target price on shares of Accenture in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. raised their price target on Accenture from $370.00 to $396.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Finally, Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price on the stock in a report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $385.04.

Accenture Price Performance

Shares of Accenture stock traded down $0.65 during trading on Monday, hitting $349.14. The company’s stock had a trading volume of 1,541,873 shares, compared to its average volume of 2,520,676. The stock has a market cap of $218.49 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The stock has a 50-day moving average price of $357.82 and a two-hundred day moving average price of $344.30.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. The company had revenue of $17.69 billion during the quarter, compared to the consensus estimate of $17.15 billion. Accenture had a return on equity of 26.83% and a net margin of 11.20%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $3.27 earnings per share. On average, equities analysts predict that Accenture plc will post 12.74 EPS for the current fiscal year.

Accenture announced that its board has approved a share repurchase plan on Thursday, September 26th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the information technology services provider to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Thursday, January 16th. Accenture’s dividend payout ratio is presently 49.66%.

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.