Unique Wealth Strategies LLC Makes New Investment in Accenture plc (NYSE:ACN)

Unique Wealth Strategies LLC purchased a new position in Accenture plc (NYSE:ACN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,108 shares of the information technology services provider’s stock, valued at approximately $1,442,000. Accenture comprises approximately 1.0% of Unique Wealth Strategies LLC’s portfolio, making the stock its 24th largest position.

Several other large investors have also recently made changes to their positions in ACN. Chilton Capital Management LLC boosted its position in Accenture by 180.0% during the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 45 shares during the last quarter. Halpern Financial Inc. acquired a new position in shares of Accenture during the 4th quarter worth approximately $31,000. BluePath Capital Management LLC acquired a new stake in shares of Accenture in the third quarter valued at approximately $31,000. Valued Wealth Advisors LLC purchased a new position in Accenture during the fourth quarter worth approximately $50,000. Finally, Valley National Advisers Inc. boosted its stake in Accenture by 40.3% during the third quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock worth $51,000 after buying an additional 48 shares during the last quarter. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Bank of America lifted their price target on Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Royal Bank of Canada raised their price target on shares of Accenture from $374.00 to $381.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. StockNews.com cut Accenture from a “buy” rating to a “hold” rating in a report on Saturday. Stifel Nicolaus lifted their target price on Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a research report on Monday, March 18th. Finally, Mizuho reiterated a “buy” rating and set a $398.00 price target (down from $426.00) on shares of Accenture in a report on Friday, March 22nd. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average target price of $387.00.

Accenture Price Performance

Shares of NYSE ACN traded down $0.99 during mid-day trading on Friday, hitting $308.01. The company had a trading volume of 3,371,848 shares, compared to its average volume of 2,670,314. The company has a market capitalization of $206.59 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 2.93 and a beta of 1.19. The business’s 50-day simple moving average is $349.66 and its 200 day simple moving average is $341.94. Accenture plc has a 1-year low of $261.68 and a 1-year high of $387.51.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.85 billion. During the same quarter last year, the company earned $2.69 EPS. Accenture’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts expect that Accenture plc will post 12.09 EPS for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be given a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio is presently 46.78%.

Insider Activity

In related news, CFO Kathleen R. Mcclure sold 851 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $371.77, for a total value of $316,376.27. Following the transaction, the chief financial officer now owns 50,737 shares of the company’s stock, valued at $18,862,494.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, COO John F. Walsh sold 8,000 shares of the stock in a transaction on Monday, March 25th. The shares were sold at an average price of $332.13, for a total value of $2,657,040.00. Following the transaction, the chief operating officer now directly owns 17,877 shares of the company’s stock, valued at approximately $5,937,488.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kathleen R. Mcclure sold 851 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $371.77, for a total transaction of $316,376.27. Following the completion of the transaction, the chief financial officer now owns 50,737 shares of the company’s stock, valued at approximately $18,862,494.49. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,490 shares of company stock worth $10,592,664. 0.07% of the stock is currently owned by corporate insiders.

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.