Broadway Wealth Solutions Inc. Takes $315,000 Position in Accenture plc (NYSE:ACN)

Broadway Wealth Solutions Inc. bought a new position in shares of Accenture plc (NYSE:ACN) during the 4th quarter, Holdings Channel.com reports. The firm bought 895 shares of the information technology services provider’s stock, valued at approximately $315,000.

Several other large investors also recently made changes to their positions in ACN. Norges Bank acquired a new position in Accenture in the 4th quarter valued at $2,351,683,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Accenture by 378.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,491,736 shares of the information technology services provider’s stock worth $1,941,219,000 after purchasing an additional 4,345,039 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Accenture during the 4th quarter worth about $666,495,000. Swedbank AB grew its holdings in Accenture by 47.5% in the 4th quarter. Swedbank AB now owns 3,763,690 shares of the information technology services provider’s stock valued at $1,324,029,000 after buying an additional 1,212,011 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its position in Accenture by 51,837.3% in the 4th quarter. Proficio Capital Partners LLC now owns 860,601 shares of the information technology services provider’s stock worth $302,751,000 after buying an additional 858,944 shares during the period. Institutional investors own 75.14% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ACN. Robert W. Baird upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 price target on the stock in a research report on Monday, March 17th. Barclays cut their price target on Accenture from $415.00 to $390.00 and set an “overweight” rating for the company in a report on Monday. BMO Capital Markets boosted their price objective on Accenture to $355.00 and gave the company a “hold” rating in a research report on Wednesday. UBS Group dropped their price objective on shares of Accenture from $455.00 to $387.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Finally, Morgan Stanley decreased their target price on shares of Accenture from $380.00 to $372.00 and set an “equal weight” rating on the stock in a research report on Monday, March 17th. Eight analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $378.23.

Accenture Stock Performance

Accenture stock opened at $308.51 on Friday. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $398.35. The firm’s fifty day moving average price is $355.92 and its 200-day moving average price is $356.23. The stock has a market cap of $193.06 billion, a P/E ratio of 25.88, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. 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 announced its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. The firm had revenue of $16.70 billion for the quarter, compared to analysts’ expectations of $16.64 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 5.7% compared to the same quarter last year. During the same period last year, the firm earned $2.77 earnings per share. On average, equities research analysts expect that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be issued a $1.48 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.92%. Accenture’s dividend payout ratio (DPR) is 48.89%.

Insider Buying and Selling at Accenture

In related news, CFO Angie Y. Park sold 685 shares of Accenture stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $354.38, for a total value of $242,750.30. Following the completion of the sale, the chief financial officer now directly owns 8,674 shares in the company, valued at approximately $3,073,892.12. This trade represents a 7.32 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 1,487 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 9,247 shares in the company, valued at approximately $3,278,431.38. This trade represents a 13.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,905 shares of company stock valued at $8,181,753. 0.02% of the stock is currently owned by company insiders.

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.