Mogy Joel R Investment Counsel Inc. Buys 3,010 Shares of Accenture plc (NYSE:ACN)

Mogy Joel R Investment Counsel Inc. lifted its position in shares of Accenture plc (NYSE:ACN - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,286 shares of the information technology services provider's stock after buying an additional 3,010 shares during the quarter. Accenture comprises about 2.1% of Mogy Joel R Investment Counsel Inc.'s holdings, making the stock its 18th largest position. Mogy Joel R Investment Counsel Inc.'s holdings in Accenture were worth $33,165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Davidson Trust Co. raised its holdings in shares of Accenture by 7.4% in the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider's stock worth $812,000 after acquiring an additional 158 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Accenture by 16.8% during the 4th quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider's stock worth $4,325,526,000 after buying an additional 1,770,024 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Accenture by 28.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 259,159 shares of the information technology services provider's stock worth $90,425,000 after purchasing an additional 56,829 shares during the last quarter. Alteri Wealth LLC purchased a new stake in shares of Accenture during the 4th quarter worth approximately $321,000. Finally, Asset Management One Co. Ltd. increased its stake in shares of Accenture by 1.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 252,437 shares of the information technology services provider's stock worth $89,913,000 after purchasing an additional 3,351 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Insider Buying and Selling at Accenture

In other Accenture news, insider Angela Beatty sold 169 shares of the business's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.90, for a total value of $47,641.10. Following the transaction, the insider now owns 5,364 shares in the company, valued at approximately $1,512,111.60. The trade was a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 2,284 shares of the business's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.63, for a total transaction of $643,242.92. Following the completion of the transaction, the chief executive officer now owns 9,965 shares in the company, valued at $2,806,442.95. The trade was a 18.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,516 shares of company stock worth $2,507,366. 0.02% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of recent research reports. Baird R W upgraded shares of Accenture from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Mizuho reduced their price objective on shares of Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a research note on Wednesday, March 19th. Robert W. Baird upgraded shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price objective for the company in a research note on Monday, March 17th. Wall Street Zen lowered shares of Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets boosted their price target on shares of Accenture to $355.00 and gave the company a "hold" rating in a research report on Wednesday, March 26th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Accenture has a consensus rating of "Moderate Buy" and an average target price of $382.15.

Accenture Price Performance

Shares of NYSE ACN traded down $6.76 during mid-day trading on Friday, reaching $311.37. 3,102,635 shares of the company were exchanged, compared to its average volume of 2,958,064. The company's 50 day moving average price is $305.50 and its 200 day moving average price is $335.77. 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 52 week low of $275.01 and a 52 week high of $398.35. The stock has a market capitalization of $195.02 billion, a PE ratio of 26.12, a PEG ratio of 3.23 and a beta of 1.33.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. During the same period in the prior year, the business posted $2.77 earnings per share. The company's revenue was up 5.7% on a year-over-year basis. Sell-side analysts forecast 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 was paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th were given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, April 10th. Accenture's payout ratio is 48.89%.

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.