RMR Wealth Builders Has $1.58 Million Stock Position in Accenture plc (NYSE:ACN)

RMR Wealth Builders boosted its stake in shares of Accenture plc (NYSE:ACN) by 16.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,513 shares of the information technology services provider’s stock after purchasing an additional 621 shares during the quarter. RMR Wealth Builders’ holdings in Accenture were worth $1,584,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Chilton Capital Management LLC boosted its stake 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 buying an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Accenture during the 4th quarter valued at about $27,000. Halpern Financial Inc. bought a new stake in Accenture in the fourth quarter valued at about $31,000. BluePath Capital Management LLC bought a new position in Accenture during the third quarter worth about $31,000. Finally, Valued Wealth Advisors LLC acquired a new stake in Accenture during the fourth quarter valued at approximately $50,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Performance

Shares of Accenture stock opened at $306.69 on Thursday. Accenture plc has a 52 week low of $264.42 and a 52 week high of $387.51. The stock has a market capitalization of $205.71 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 2.88 and a beta of 1.21. The firm has a fifty day moving average of $340.17 and a two-hundred day moving average of $342.35.

Accenture (NYSE:ACN) last released its 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 analyst estimates of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.69 earnings per share. As a group, research analysts forecast that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders 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 presently 46.78%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ACN shares. TD Cowen cut their target price on Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a research report on Friday, March 22nd. Citigroup dropped their target price on shares of Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Piper Sandler boosted their price target on shares of Accenture from $335.00 to $394.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. Stifel Nicolaus lifted their target price on shares of Accenture from $363.00 to $395.00 and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Robert W. Baird raised their price target on Accenture from $364.00 to $375.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $387.00.

Insider Transactions at Accenture

In related news, COO John F. Walsh sold 8,000 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $332.13, for a total transaction of $2,657,040.00. Following the sale, the chief operating officer now owns 17,877 shares of the company’s stock, valued at approximately $5,937,488.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $315.91, for a total value of $1,974,437.50. Following the sale, the chief executive officer now directly owns 161,581 shares of the company’s stock, valued at approximately $51,045,053.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO John F. Walsh sold 8,000 shares of the stock in a transaction dated Monday, March 25th. The stock was 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 owns 17,877 shares of the company’s stock, valued at approximately $5,937,488.01. The disclosure for this sale can be found here. Insiders have sold a total of 28,083 shares of company stock valued at $8,959,325 over the last three months. 0.07% of the stock is currently owned by corporate insiders.

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.