Accenture plc (NYSE:ACN) Stock Position Lifted by RFG Advisory LLC

RFG Advisory LLC grew its position in shares of Accenture plc (NYSE:ACN) by 6.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,159 shares of the information technology services provider’s stock after buying an additional 201 shares during the period. RFG Advisory LLC’s holdings in Accenture were worth $1,095,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Chilton Capital Management LLC raised its position in shares of Accenture by 180.0% during the 4th quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 45 shares during the period. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Accenture during the 4th quarter worth approximately $27,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Accenture during the 4th quarter worth approximately $29,000. Atwood & Palmer Inc. raised its position in shares of Accenture by 214.8% during the 1st quarter. Atwood & Palmer Inc. now owns 85 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 58 shares during the period. Finally, Halpern Financial Inc. acquired a new stake in shares of Accenture during the 4th quarter worth approximately $31,000. Institutional investors own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ACN shares. Robert W. Baird lowered their target price on Accenture from $372.00 to $345.00 and set a “neutral” rating on the stock in a research report on Thursday, May 16th. Jefferies Financial Group lowered their target price on Accenture from $340.00 to $275.00 and set a “hold” rating on the stock in a research report on Wednesday, June 5th. Piper Sandler Companies lowered their target price on Accenture from $379.00 to $320.00 and set a “neutral” rating on the stock in a research report on Monday, June 17th. Deutsche Bank Aktiengesellschaft cut Accenture from a “buy” rating to a “hold” rating and lowered their target price for the company from $409.00 to $295.00 in a research report on Wednesday, May 15th. Finally, BMO Capital Markets lowered their target price on Accenture from $375.00 to $350.00 and set a “market perform” rating on the stock in a research report on Friday. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus price target of $358.09.

Accenture Stock Performance

NYSE:ACN opened at $308.98 on Friday. The stock’s fifty day moving average price is $301.15 and its two-hundred day moving average price is $337.27. Accenture plc has a 52-week low of $278.69 and a 52-week high of $387.51. The company has a market cap of $207.24 billion, a price-to-earnings ratio of 28.29, a P/E/G ratio of 3.35 and a beta of 1.21.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The company had revenue of $16.47 billion during the quarter, compared to analyst estimates of $16.55 billion. Accenture had a net margin of 10.79% and a return on equity of 27.48%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company earned $3.19 EPS. On average, equities analysts predict that Accenture plc will post 12 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, July 11th will be paid a dividend of $1.29 per share. This represents a $5.16 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, July 11th. Accenture’s payout ratio is presently 47.25%.

Insiders Place Their Bets

In other Accenture news, COO John F. Walsh sold 8,000 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the transaction, the chief operating officer now owns 17,877 shares in the company, valued at approximately $5,937,488.01. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Accenture news, COO John F. Walsh sold 8,000 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the completion of the transaction, the chief operating officer now owns 17,877 shares in the company, valued at approximately $5,937,488.01. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the transaction, the insider now owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,083 shares of company stock worth $8,959,325. Corporate insiders own 0.07% of the company’s stock.

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.