Accenture plc (NYSE:ACN) Shares Bought by Curi RMB Capital LLC

Curi RMB Capital LLC grew its position in shares of Accenture plc (NYSE:ACN) by 13.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,497 shares of the information technology services provider’s stock after purchasing an additional 8,619 shares during the quarter. Curi RMB Capital LLC’s holdings in Accenture were worth $25,272,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in ACN. Unique Wealth Strategies LLC acquired a new stake in shares of Accenture during the 2nd quarter valued at about $26,000. Strategic Financial Concepts LLC acquired a new stake in Accenture in the second quarter valued at approximately $28,000. Mowery & Schoenfeld Wealth Management LLC increased its position in shares of Accenture by 607.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock valued at $35,000 after buying an additional 85 shares in the last quarter. Creekmur Asset Management LLC lifted its position in shares of Accenture by 108.0% during the 1st quarter. Creekmur Asset Management LLC now owns 104 shares of the information technology services provider’s stock valued at $36,000 after buying an additional 54 shares in the last quarter. Finally, Tsfg LLC grew its stake in Accenture by 31.1% in the 2nd quarter. Tsfg LLC now owns 135 shares of the information technology services provider’s stock valued at $41,000 after acquiring an additional 32 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Accenture

In other news, CEO Julie Spellman Sweet sold 9,000 shares of Accenture stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $376.16, for a total transaction of $3,385,440.00. Following the sale, the chief executive officer now owns 20,324 shares in the company, valued at approximately $7,645,075.84. The trade was a 0.00 % 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. In other Accenture news, CEO Julie Spellman Sweet sold 9,000 shares of Accenture stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $376.16, for a total value of $3,385,440.00. Following the transaction, the chief executive officer now directly owns 20,324 shares in the company, valued at approximately $7,645,075.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryoji Sekido sold 3,191 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $343.70, for a total transaction of $1,096,746.70. Following the transaction, the chief executive officer now owns 6 shares in the company, valued at approximately $2,062.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,298 shares of company stock valued at $13,372,661 in the last ninety days. Insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Guggenheim boosted their target price on shares of Accenture from $380.00 to $395.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Citigroup increased their target price on Accenture from $350.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, September 17th. Royal Bank of Canada lifted their price target on Accenture from $377.00 to $389.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Robert W. Baird increased their price objective on Accenture from $350.00 to $370.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Finally, Bank of America lifted their target price on shares of Accenture from $365.00 to $388.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $368.23.

Accenture Stock Performance

NYSE ACN opened at $370.34 on Thursday. Accenture plc has a one year low of $278.69 and a one year high of $387.51. The firm has a 50 day simple moving average of $354.85 and a 200-day simple moving average of $326.48. The firm has a market cap of $231.52 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 3.15 and a beta of 1.25.

Accenture (NYSE:ACN) last released its earnings results on Thursday, September 26th. The information technology services provider reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.01. The firm had revenue of $16.41 billion for the quarter, compared to analyst estimates of $16.37 billion. Accenture had a net margin of 11.20% and a return on equity of 26.83%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.71 earnings per share. Equities analysts predict that Accenture plc will post 12.77 EPS for the current fiscal year.

Accenture announced that its board has authorized a share repurchase program on Thursday, September 26th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the information technology services provider to buy up to 1.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Accenture Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 10th will be issued a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.60%. This is a boost from Accenture’s previous quarterly dividend of $1.29. Accenture’s dividend payout ratio (DPR) is presently 51.79%.

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.