RDA Financial Network Has $384,000 Stake in Accenture plc (NYSE:ACN)

RDA Financial Network increased its position in Accenture plc (NYSE:ACN) by 5.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,108 shares of the information technology services provider’s stock after purchasing an additional 53 shares during the period. RDA Financial Network’s holdings in Accenture were worth $384,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. McKinley Carter Wealth Services Inc. lifted its position in Accenture by 7.4% in the 4th quarter. McKinley Carter Wealth Services Inc. now owns 29,204 shares of the information technology services provider’s stock worth $10,248,000 after buying an additional 2,008 shares in the last quarter. TrinityPoint Wealth LLC raised its holdings in shares of Accenture by 3.6% during the 4th quarter. TrinityPoint Wealth LLC now owns 3,646 shares of the information technology services provider’s stock valued at $1,279,000 after purchasing an additional 125 shares in the last quarter. Buckingham Capital Management Inc. raised its holdings in shares of Accenture by 3.4% during the 4th quarter. Buckingham Capital Management Inc. now owns 27,559 shares of the information technology services provider’s stock valued at $9,671,000 after purchasing an additional 900 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Accenture by 2.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock valued at $1,315,832,000 after purchasing an additional 96,414 shares in the last quarter. Finally, Redwood Investments LLC raised its holdings in shares of Accenture by 8.3% during the 4th quarter. Redwood Investments LLC now owns 20,227 shares of the information technology services provider’s stock valued at $7,098,000 after purchasing an additional 1,542 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Joel Unruch sold 4,333 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the transaction, the general counsel now directly owns 30,702 shares in the company, valued at $9,705,516.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Jean-Marc Ollagnier sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the transaction, the chief executive officer now directly owns 161,581 shares in the company, valued at $51,045,053.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Joel Unruch sold 4,333 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $316.12, for a total transaction of $1,369,747.96. Following the transaction, the general counsel now owns 30,702 shares in the company, valued at $9,705,516.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,083 shares of company stock valued at $6,302,285. 0.07% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ACN. BMO Capital Markets cut their price target on shares of Accenture from $375.00 to $350.00 and set a “market perform” rating on the stock in a report on Friday. TD Cowen cut their price target on shares of Accenture from $294.00 to $293.00 and set a “hold” rating on the stock in a report on Friday. Citigroup cut their price target on shares of Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a report on Friday, March 22nd. Guggenheim reiterated a “buy” rating and issued a $395.00 target price on shares of Accenture in a report on Friday, May 24th. Finally, Redburn Atlantic lifted their target price on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Eleven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and a consensus target price of $357.09.

Accenture Stock Down 1.2 %

NYSE ACN opened at $305.40 on Monday. The stock has a market cap of $204.84 billion, a P/E ratio of 28.29, a PEG ratio of 3.35 and a beta of 1.21. The company’s 50-day simple moving average is $301.15 and its 200 day simple moving average is $337.29. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 20th. The information technology services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). The firm had revenue of $16.47 billion for the quarter, compared to the consensus estimate of $16.55 billion. Accenture had a return on equity of 27.48% and a net margin of 10.79%. Accenture’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.19 earnings per share. Research analysts anticipate that Accenture plc will post 12 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be paid a dividend of $1.29 per share. The ex-dividend date is Thursday, July 11th. This represents a $5.16 annualized dividend and a yield of 1.69%. Accenture’s dividend payout ratio is 47.25%.

Accenture 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.