1,054 Shares in Accenture plc (NYSE:ACN) Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC bought a new position in shares of Accenture plc (NYSE:ACN) in the fourth quarter, Holdings Channel reports. The fund bought 1,054 shares of the information technology services provider’s stock, valued at approximately $371,000.

Other institutional investors also recently modified their holdings of the company. Masso Torrence Wealth Management Inc. grew its holdings in shares of 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 valued at $511,000 after acquiring an additional 28 shares in the last quarter. BSW Wealth Partners grew its stake in Accenture by 0.7% in the 3rd quarter. BSW Wealth Partners now owns 4,077 shares of the information technology services provider’s stock valued at $1,441,000 after purchasing an additional 28 shares during the period. Slow Capital Inc. increased its position in shares of Accenture by 0.3% during the 3rd quarter. Slow Capital Inc. now owns 9,067 shares of the information technology services provider’s stock valued at $3,205,000 after purchasing an additional 29 shares during the last quarter. Tradition Wealth Management LLC raised its stake 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 worth $3,871,000 after purchasing an additional 29 shares during the period. Finally, NBC Securities Inc. boosted its holdings 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.

Analyst Ratings Changes

Several analysts have commented on ACN shares. Robert W. Baird reaffirmed a “neutral” rating and issued a $370.00 price objective on shares of Accenture in a research report on Tuesday, December 3rd. UBS Group lifted their price target on shares of Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Wolfe Research raised Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price for the company in a research report on Wednesday, January 8th. Jefferies Financial Group dropped their price target on Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a research report on Tuesday, January 21st. Finally, BNP Paribas lowered Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price objective for the company. in a report on Wednesday, October 30th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $387.22.

Insider Buying and Selling

In other Accenture news, CFO Angie Y. Park sold 685 shares of the stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $354.38, for a total transaction of $242,750.30. Following the transaction, the chief financial officer now directly owns 8,674 shares in the company, valued at $3,073,892.12. This trade represents a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela Beatty sold 375 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $358.50, for a total transaction 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,280 shares of company stock worth $8,316,190. Corporate insiders own 0.02% of the company’s stock.

Accenture Trading Down 0.3 %

Shares of ACN stock opened at $386.04 on Friday. Accenture plc has a 52-week low of $278.69 and a 52-week high of $398.35. The business’s fifty day moving average is $361.83 and its 200 day moving average is $351.65. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $241.58 billion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 3.43 and a beta of 1.24.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. The firm 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 26.91% and a net margin of 11.41%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $3.27 EPS. On average, equities research analysts anticipate that Accenture plc will post 12.69 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Thursday, January 16th. Accenture’s dividend payout ratio is currently 49.66%.

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.