Stuart Chaussee & Associates Inc. Acquires 170 Shares of Accenture plc (NYSE:ACN)

Stuart Chaussee & Associates Inc. boosted its holdings in shares of Accenture plc (NYSE:ACN) by 82.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 377 shares of the information technology services provider’s stock after acquiring an additional 170 shares during the period. Stuart Chaussee & Associates Inc.’s holdings in Accenture were worth $132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chilton Capital Management LLC grew its holdings in Accenture by 180.0% during the 4th 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 in the last quarter. Halpern Financial Inc. bought a new stake in shares of Accenture in the 4th quarter valued at about $31,000. BluePath Capital Management LLC bought a new stake in shares of Accenture in the 3rd quarter valued at about $31,000. Valued Wealth Advisors LLC bought a new stake in shares of Accenture in the 4th quarter valued at about $50,000. Finally, Valley National Advisers Inc. boosted its holdings in shares of Accenture by 40.3% in the 3rd quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock valued at $51,000 after buying an additional 48 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Performance

Shares of ACN stock traded down $0.99 on Friday, hitting $308.01. 3,371,848 shares of the stock traded hands, compared to its average volume of 2,670,314. The firm’s 50-day moving average price is $349.66 and its two-hundred day moving average price is $342.14. The stock has a market capitalization of $206.59 billion, a PE ratio of 27.92, a PEG ratio of 2.92 and a beta of 1.19. Accenture plc has a twelve month low of $261.68 and a twelve month high of $387.51.

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

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be issued a $1.29 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $5.16 annualized dividend and a yield of 1.68%. Accenture’s dividend payout ratio (DPR) is currently 46.78%.

Analyst Ratings Changes

ACN has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on shares of Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a report on Monday, March 18th. Bank of America raised their price target on shares of Accenture from $379.00 to $419.00 and gave the company a “buy” rating in a report on Thursday, March 7th. BNP Paribas upgraded shares of Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price target on the stock in a report on Wednesday, January 17th. UBS Group increased their price objective on shares of Accenture from $365.00 to $400.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Finally, Redburn Atlantic increased their price objective on shares of Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Eight equities 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $387.00.

Insider Activity at Accenture

In related news, CFO Kathleen R. Mcclure sold 851 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $371.77, for a total value of $316,376.27. Following the sale, the chief financial officer now directly owns 50,737 shares in the company, valued at approximately $18,862,494.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Accenture news, CEO Manish Sharma sold 1,486 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $370.39, for a total transaction of $550,399.54. Following the sale, the chief executive officer now directly owns 4,503 shares in the company, valued at $1,667,866.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kathleen R. Mcclure sold 851 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $371.77, for a total transaction of $316,376.27. Following the sale, the chief financial officer now owns 50,737 shares in the company, valued at $18,862,494.49. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,490 shares of company stock worth $10,592,664. Company insiders own 0.07% of the company’s stock.

About Accenture

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.