GEN Financial Management INC. Invests $241,000 in Accenture plc (NYSE:ACN)

GEN Financial Management INC. purchased a new stake in Accenture plc (NYSE:ACN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 686 shares of the information technology services provider’s stock, valued at approximately $241,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Masso Torrence Wealth Management Inc. grew 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 valued at $511,000 after buying an additional 28 shares in the last quarter. BSW Wealth Partners lifted its holdings in shares of Accenture by 0.7% in the 3rd quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider’s stock worth $1,441,000 after acquiring an additional 28 shares during the last quarter. Slow Capital Inc. boosted its position in shares of Accenture by 0.3% during the third quarter. Slow Capital Inc. now owns 9,067 shares of the information technology services provider’s stock worth $3,205,000 after buying an additional 29 shares during the period. Tradition Wealth Management LLC grew its position in Accenture by 0.3% in 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 acquiring an additional 29 shares in the last quarter. Finally, NBC Securities Inc. increased its stake in Accenture by 0.6% during 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 period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Price Performance

NYSE ACN opened at $385.62 on Tuesday. The stock’s 50-day moving average price is $359.56 and its two-hundred day moving average price is $350.23. The company has a market cap of $241.32 billion, a PE ratio of 32.35, a PEG ratio of 3.43 and a beta of 1.24. 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.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.43 by $0.16. The firm 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% compared to the same quarter last year. During the same period in the previous year, the company posted $3.27 EPS. On average, analysts predict that Accenture plc will post 12.69 EPS for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Thursday, January 16th. Accenture’s dividend payout ratio (DPR) is 49.66%.

Analyst Ratings Changes

ACN has been the subject of several recent research reports. Piper Sandler lifted 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. Robert W. Baird restated a “neutral” rating and issued a $370.00 price objective on shares of Accenture in a report on Tuesday, December 3rd. StockNews.com raised Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. The Goldman Sachs Group raised Accenture from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $370.00 to $420.00 in a report on Friday, December 6th. Finally, UBS Group raised their target price on Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. 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 a consensus rating of “Moderate Buy” and a consensus target price of $387.22.

Insider Activity at Accenture

In related news, General Counsel Joel Unruch sold 4,750 shares of the company’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 completion of the sale, the general counsel now directly owns 20,526 shares in the company, valued at approximately $7,446,422.28. This represents a 18.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Melissa A. Burgum sold 1,487 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total value of $527,200.98. Following the completion of the sale, the chief accounting officer now owns 9,247 shares of the company’s stock, valued at approximately $3,278,431.38. This trade represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,255 shares of company stock valued at $4,756,101. Corporate insiders own 0.02% of the company’s stock.

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.