Three Seasons Wealth LLC Buys Shares of 3,736 Accenture plc (NYSE:ACN)

Three Seasons Wealth LLC acquired a new position in shares of Accenture plc (NYSE:ACN - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,736 shares of the information technology services provider's stock, valued at approximately $1,314,000.

Other hedge funds have also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new stake in shares of Accenture in the third quarter valued at approximately $25,000. FPC Investment Advisory Inc. raised its position in shares of Accenture by 62.2% in the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock valued at $28,000 after buying an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Accenture during the fourth quarter valued at approximately $30,000. POM Investment Strategies LLC raised its position in Accenture by 64.2% during the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 34 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new position in Accenture during the fourth quarter valued at approximately $34,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Down 0.5 %

Accenture stock traded down $1.64 during mid-day trading on Wednesday, reaching $296.83. The stock had a trading volume of 895,824 shares, compared to its average volume of 2,982,394. 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 plc has a fifty-two week low of $275.01 and a fifty-two week high of $398.35. The stock's 50-day simple moving average is $312.46 and its 200-day simple moving average is $346.22. The firm has a market capitalization of $185.91 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm had revenue of $16.70 billion during the quarter, compared to analysts' expectations of $16.64 billion. During the same quarter last year, the firm posted $2.77 earnings per share. The company's revenue for the quarter was up 5.7% compared to the same quarter last year. On average, sell-side analysts forecast that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be given a dividend of $1.48 per share. The ex-dividend date is Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 1.99%. Accenture's payout ratio is 48.89%.

Insider Activity at Accenture

In other Accenture news, insider Angela Beatty sold 169 shares of the business's stock in a transaction on Friday, April 11th. The stock was 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 of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 2,284 shares of the business's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.63, for a total value of $643,242.92. Following the completion of the transaction, the chief executive officer now directly owns 9,965 shares in the company, valued at approximately $2,806,442.95. This represents a 18.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,041 shares of company stock valued at $5,254,956 over the last 90 days. Insiders own 0.02% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on ACN. BMO Capital Markets boosted their price objective on shares of Accenture to $355.00 and gave the company a "hold" rating in a research report on Wednesday, March 26th. Stifel Nicolaus lowered their price objective on shares of Accenture from $390.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Baird R W upgraded shares of Accenture from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. Barclays decreased their target price on shares of Accenture from $415.00 to $390.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Finally, StockNews.com cut shares of Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $377.82.

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.