Amarillo National Bank Invests $222,000 in Accenture plc (NYSE:ACN)

Amarillo National Bank purchased a new position in Accenture plc (NYSE:ACN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 632 shares of the information technology services provider’s stock, valued at approximately $222,000.

A number of other large investors have also recently made changes to their positions in ACN. Morse Asset Management Inc purchased a new position in shares of Accenture in the third quarter worth approximately $25,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Accenture in the third quarter worth approximately $30,000. POM Investment Strategies LLC boosted its holdings in shares of Accenture by 64.2% in the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock worth $31,000 after buying an additional 34 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Accenture in the fourth quarter worth approximately $34,000. Finally, Mowery & Schoenfeld Wealth Management LLC boosted its holdings in shares of Accenture by 607.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock worth $35,000 after buying an additional 85 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Melissa A. Burgum sold 1,487 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the completion of the sale, the chief accounting officer now directly owns 9,247 shares of the company’s stock, valued at approximately $3,278,431.38. The trade was a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela Beatty sold 375 shares of the business’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 sale, the insider now directly owns 5,149 shares of the company’s stock, valued at $1,845,916.50. This represents a 6.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,280 shares of company stock valued at $8,316,190. 0.02% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ACN. BMO Capital Markets lifted their price target on shares of Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Robert W. Baird reaffirmed a “neutral” rating and set a $370.00 price target on shares of Accenture in a report on Tuesday, December 3rd. StockNews.com raised shares of Accenture from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Jefferies Financial Group lowered their price target on shares of Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. Finally, The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and lifted their price target for the company from $370.00 to $420.00 in a report on Friday, December 6th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $387.22.

Accenture Trading Down 0.4 %

ACN stock opened at $387.99 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a twelve month low of $278.69 and a twelve month high of $398.35. 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. The firm’s fifty day simple moving average is $365.29 and its two-hundred day simple moving average is $354.11.

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, 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 quarter in the previous year, the business posted $3.27 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. As a group, analysts anticipate that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Thursday, January 16th were paid 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 of this dividend was 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.