Kennebec Savings Bank Has $57,000 Stock Holdings in Accenture plc (NYSE:ACN)

Kennebec Savings Bank lowered its position in Accenture plc (NYSE:ACN) by 23.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 162 shares of the information technology services provider’s stock after selling 51 shares during the quarter. Kennebec Savings Bank’s holdings in Accenture were worth $57,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Advisory Alpha LLC increased its stake in shares of Accenture by 25.4% in the second quarter. Advisory Alpha LLC now owns 968 shares of the information technology services provider’s stock valued at $294,000 after buying an additional 196 shares in the last quarter. Brown Financial Advisors bought a new stake in Accenture during the 2nd quarter worth about $675,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Accenture by 38.0% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 379,060 shares of the information technology services provider’s stock worth $115,011,000 after acquiring an additional 104,325 shares during the last quarter. Anchor Investment Management LLC increased its holdings in shares of Accenture by 1.1% in the second quarter. Anchor Investment Management LLC now owns 5,661 shares of the information technology services provider’s stock valued at $1,718,000 after purchasing an additional 61 shares in the last quarter. Finally, Mattson Financial Services LLC bought a new position in Accenture in the 2nd quarter worth approximately $1,043,000. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Up 1.7 %

Shares of Accenture stock opened at $380.78 on Friday. The firm has a market cap of $238.29 billion, a PE ratio of 31.94, a P/E/G ratio of 3.33 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 business’s 50 day simple moving average is $358.63 and its 200 day simple moving average is $349.20. 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 (NYSE:ACN) last released its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, beating 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 the consensus estimate of $17.15 billion. During the same quarter last year, the firm earned $3.27 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts predict that Accenture plc will post 12.69 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently declared 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 is Thursday, January 16th. This represents a $5.92 dividend on an annualized basis and a yield of 1.55%. Accenture’s dividend payout ratio is 49.66%.

Insiders Place Their Bets

In other news, insider Angela Beatty sold 375 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the completion of the sale, the insider now directly owns 5,149 shares of the company’s stock, valued at $1,845,916.50. This trade represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Joel Unruch sold 4,750 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $362.78, for a total value of $1,723,205.00. Following the transaction, the general counsel now directly owns 20,526 shares in the company, valued at $7,446,422.28. The trade was a 18.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,446 shares of company stock valued at $5,852,848 in the last 90 days. 0.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ACN has been the subject of several research reports. BNP Paribas cut Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 target price for the company. in a research note on Wednesday, October 30th. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. BMO Capital Markets raised their target price on shares of Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Robert W. Baird reiterated a “neutral” rating and set a $370.00 price target on shares of Accenture in a research report on Tuesday, December 3rd. Finally, Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective on the stock in a research note on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.