Accenture PLC $ACN Stock Position Raised by Kendall Capital Management

Kendall Capital Management increased its position in Accenture PLC (NYSE:ACN) by 61.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,814 shares of the information technology services provider’s stock after purchasing an additional 4,484 shares during the period. Kendall Capital Management’s holdings in Accenture were worth $3,170,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after acquiring an additional 4,905 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Accenture by 46.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock valued at $618,000 after purchasing an additional 660 shares during the period. United Bank lifted its position in shares of Accenture by 49.8% in the second quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock worth $1,088,000 after purchasing an additional 1,209 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Accenture by 258.8% during the second quarter. Fisher Asset Management LLC now owns 13,452 shares of the information technology services provider’s stock worth $4,021,000 after purchasing an additional 9,703 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in Accenture during the second quarter valued at approximately $55,000. 75.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ACN has been the subject of a number of research analyst reports. Wolfe Research increased their target price on shares of Accenture from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. Argus lowered their price target on shares of Accenture from $370.00 to $335.00 and set a “buy” rating on the stock in a report on Monday, December 29th. The Goldman Sachs Group reiterated a “buy” rating and set a $330.00 price objective on shares of Accenture in a report on Thursday, December 18th. Truist Financial reduced their price objective on Accenture from $317.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Finally, Susquehanna upped their target price on Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Eighteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.88.

Accenture Stock Performance

Shares of ACN opened at $201.18 on Friday. The firm has a market cap of $133.87 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. The company’s fifty day moving average is $218.82 and its 200-day moving average is $243.39. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.16. Accenture PLC has a 12 month low of $187.00 and a 12 month high of $325.71.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Friday, March 20th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. The firm had revenue of $18.04 billion during the quarter, compared to analysts’ expectations of $17.80 billion. Accenture had a net margin of 10.61% and a return on equity of 26.33%. Accenture’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.82 earnings per share. Equities analysts expect that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Thursday, April 9th. Accenture’s dividend payout ratio is 53.40%.

Insider Buying and Selling at Accenture

In related news, CEO John F. Walsh sold 3,986 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $276.38, for a total value of $1,101,650.68. Following the transaction, the chief executive officer directly owned 27,221 shares of the company’s stock, valued at approximately $7,523,339.98. This trade represents a 12.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Joel Unruch sold 1,332 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total value of $366,300.00. Following the sale, the general counsel directly owned 28,207 shares of the company’s stock, valued at $7,756,925. The trade was a 4.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,088 shares of company stock worth $5,970,434 in the last 90 days. Company insiders own 0.02% of the company’s stock.

Accenture Profile

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.