Accenture plc (NYSE:ACN) Shares Bought by jvl associates llc

jvl associates llc grew its holdings in Accenture plc (NYSE:ACN) by 1.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,969 shares of the information technology services provider’s stock after acquiring an additional 38 shares during the quarter. Accenture comprises 0.5% of jvl associates llc’s investment portfolio, making the stock its 25th biggest holding. jvl associates llc’s holdings in Accenture were worth $1,403,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Pin Oak Investment Advisors Inc. increased its position in Accenture by 8.2% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 357 shares of the information technology services provider’s stock valued at $125,000 after acquiring an additional 27 shares during the period. Kolinsky Wealth Management LLC raised its stake in shares of Accenture by 1.0% during the fourth quarter. Kolinsky Wealth Management LLC now owns 2,888 shares of the information technology services provider’s stock valued at $1,013,000 after purchasing an additional 30 shares in the last quarter. West Paces Advisors Inc. lifted its holdings in Accenture by 10.2% in the first quarter. West Paces Advisors Inc. now owns 346 shares of the information technology services provider’s stock worth $120,000 after purchasing an additional 32 shares during the period. Tsfg LLC grew its position in Accenture by 31.1% in the 2nd quarter. Tsfg LLC now owns 135 shares of the information technology services provider’s stock valued at $41,000 after buying an additional 32 shares in the last quarter. Finally, Meadow Creek Wealth Advisors LLC increased its stake in Accenture by 4.5% during the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 747 shares of the information technology services provider’s stock valued at $227,000 after buying an additional 32 shares during the period. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Insider Activity at Accenture

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $329.82, for a total value of $1,649,100.00. Following the transaction, the insider now directly owns 8,989 shares of the company’s stock, valued at approximately $2,964,751.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Kathleen R. Mcclure sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $309.22, for a total transaction of $927,660.00. Following the completion of the transaction, the chief financial officer now owns 40,070 shares in the company, valued at approximately $12,390,445.40. The trade was a 0.00 % 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 Ellyn Shook sold 5,000 shares of Accenture stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $329.82, for a total transaction of $1,649,100.00. Following the transaction, the insider now directly owns 8,989 shares in the company, valued at approximately $2,964,751.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,421 shares of company stock valued at $6,912,635 over the last ninety days. 0.07% of the stock is owned by insiders.

Accenture Stock Performance

NYSE ACN traded up $1.00 during trading on Friday, reaching $362.24. 2,131,296 shares of the company traded hands, compared to its average volume of 2,774,898. Accenture plc has a 1-year low of $278.69 and a 1-year high of $387.51. The stock’s 50 day moving average price is $335.96 and its two-hundred day moving average price is $320.60. The company has a market cap of $227.01 billion, a price-to-earnings ratio of 33.17, a P/E/G ratio of 3.69 and a beta of 1.25.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 26th. The information technology services provider reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.01. Accenture had a net margin of 10.79% and a return on equity of 27.48%. The business had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.37 billion. During the same quarter in the prior year, the firm earned $2.71 EPS. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts expect that Accenture plc will post 11.95 EPS for the current fiscal year.

Accenture declared that its board has authorized a share repurchase program on Thursday, September 26th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the information technology services provider to buy up to 1.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Accenture Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 10th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.29. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.63%. Accenture’s dividend payout ratio (DPR) is 54.21%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Accenture from $376.00 to $370.00 and set an “overweight” rating for the company in a research report on Tuesday, September 24th. The Goldman Sachs Group began coverage on shares of Accenture in a research report on Monday, June 24th. They issued a “neutral” rating and a $335.00 price target on the stock. Robert W. Baird increased their price objective on Accenture from $350.00 to $370.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Royal Bank of Canada lifted their target price on Accenture from $377.00 to $389.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Finally, TD Cowen upgraded Accenture from a “hold” rating to a “buy” rating and increased their price target for the company from $321.00 to $400.00 in a research report on Monday. Eight analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and a consensus price target of $371.18.

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.