Accenture plc (NYSE:ACN) Stock Holdings Lowered by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC lowered its position in shares of Accenture plc (NYSE:ACN) by 73.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,909 shares of the information technology services provider’s stock after selling 41,843 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Accenture were worth $5,245,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Masso Torrence Wealth Management Inc. lifted its holdings in Accenture by 2.0% in the third quarter. Masso Torrence Wealth Management Inc. now owns 1,447 shares of the information technology services provider’s stock worth $511,000 after purchasing an additional 28 shares during the period. BSW Wealth Partners lifted 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 period. Slow Capital Inc. lifted its holdings in Accenture by 0.3% in the third 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 Accenture by 0.3% in the third quarter. Tradition Wealth Management LLC now owns 10,951 shares of the information technology services provider’s stock worth $3,871,000 after purchasing an additional 29 shares during the period. Finally, NBC Securities Inc. lifted its holdings in Accenture by 0.6% in the 3rd quarter. NBC Securities Inc. now owns 5,206 shares of the information technology services provider’s stock valued at $1,840,000 after acquiring an additional 30 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Buying and Selling

In other Accenture news, General Counsel Joel Unruch sold 4,750 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $362.78, for a total value of $1,723,205.00. Following the sale, the general counsel now owns 20,526 shares of the company’s stock, valued at $7,446,422.28. The trade was a 18.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryoji Sekido sold 3,191 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 6 shares in the company, valued at $2,062.20. This represents a 99.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,446 shares of company stock valued at $5,852,848. 0.02% of the stock is owned by company insiders.

Accenture Price Performance

Shares of Accenture stock opened at $378.61 on Wednesday. The firm has a fifty day simple moving average of $357.77 and a 200-day simple moving average of $348.54. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51. The stock has a market capitalization of $236.93 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 3.20 and a beta of 1.24.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. During the same period in the previous year, the company earned $3.27 earnings per share. Accenture’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, sell-side analysts expect that Accenture plc will post 12.69 earnings per share for the current year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s dividend payout ratio (DPR) is currently 49.66%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ACN shares. JPMorgan Chase & Co. upped their price target on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a report on Monday, December 16th. UBS Group lifted their target price on shares of Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. BMO Capital Markets lifted their target price 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. Piper Sandler lifted their target price on shares of Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Finally, Jefferies Financial Group decreased their price target on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $383.74.

About Accenture

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.