Roxbury Financial LLC Buys Shares of 527 Accenture plc (NYSE:ACN)

Roxbury Financial LLC acquired a new stake in shares of Accenture plc (NYSE:ACN) during the fourth quarter, Holdings Channel reports. The firm acquired 527 shares of the information technology services provider’s stock, valued at approximately $191,000.

Other hedge funds and 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% during the 3rd 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 in the last quarter. BSW Wealth Partners boosted its position 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 valued at $1,441,000 after buying an additional 28 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in Accenture by 5.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider’s stock worth $182,000 after acquiring an additional 28 shares during the last quarter. Slow Capital Inc. increased its stake in shares of Accenture by 0.3% in the third quarter. Slow Capital Inc. now owns 9,067 shares of the information technology services provider’s stock valued at $3,205,000 after buying an additional 29 shares in the last quarter. Finally, Tradition Wealth Management LLC lifted its position in shares of Accenture by 0.3% during 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 in the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Transactions at Accenture

In other Accenture news, insider Angela Beatty sold 375 shares of the business’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 transaction, the insider now directly owns 5,149 shares of the company’s stock, valued at approximately $1,845,916.50. The trade was a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Melissa A. Burgum sold 1,487 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total transaction of $527,200.98. Following the transaction, the chief accounting officer now directly owns 9,247 shares in the company, valued at approximately $3,278,431.38. This 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 22,280 shares of company stock worth $8,316,190. Insiders own 0.02% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ACN. BMO Capital Markets lifted their price objective on Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Morgan Stanley boosted their target price on Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Piper Sandler boosted their price objective on shares of Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. BNP Paribas downgraded Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target for the company. in a research report on Wednesday, October 30th. Finally, 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. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $387.22.

Accenture Price Performance

Shares of Accenture stock opened at $387.99 on Friday. The stock has a market capitalization of $242.80 billion, a price-to-earnings ratio of 32.55, a price-to-earnings-growth ratio of 3.44 and a beta of 1.24. Accenture plc has a twelve month low of $278.69 and a twelve month high of $398.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The company has a 50-day simple moving average of $364.78 and a two-hundred day simple moving average of $353.68.

Accenture (NYSE:ACN) last announced its quarterly earnings data 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. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $17.69 billion for the quarter, compared to analysts’ expectations of $17.15 billion. During the same period last year, the firm posted $3.27 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. Analysts forecast that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Thursday, January 16th were issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Thursday, January 16th. Accenture’s dividend payout ratio (DPR) is 49.66%.

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.