956 Shares in Accenture plc (NYSE:ACN) Purchased by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC acquired a new stake in Accenture plc (NYSE:ACN) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 956 shares of the information technology services provider’s stock, valued at approximately $336,000.

A number of other institutional investors and hedge funds have also modified their holdings of ACN. Morse Asset Management Inc bought a new position in Accenture during the 3rd quarter worth approximately $25,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Accenture in the 3rd quarter valued at $30,000. Retirement Wealth Solutions LLC acquired a new stake in Accenture during the 4th quarter worth $34,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of Accenture by 607.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock valued at $35,000 after purchasing an additional 85 shares in the last quarter. Finally, Berbice Capital Management LLC acquired a new position in shares of Accenture in the fourth quarter valued at approximately $35,000. 75.14% of the stock is owned by institutional investors.

Insider Activity at Accenture

In other Accenture news, CFO Angie Y. Park sold 685 shares of the business’s stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $354.38, for a total value of $242,750.30. Following the sale, the chief financial officer now owns 8,674 shares of the company’s stock, valued at $3,073,892.12. The trade was a 7.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryoji Sekido sold 3,191 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $343.70, for a total value of $1,096,746.70. Following the transaction, the chief executive officer now directly owns 6 shares in the company, valued at approximately $2,062.20. The trade was a 99.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,446 shares of company stock worth $5,852,848. 0.02% of the stock is owned by company insiders.

Accenture Price Performance

Shares of Accenture stock opened at $372.99 on Tuesday. The firm has a market cap of $233.41 billion, a PE ratio of 31.29, a PEG ratio of 3.20 and a beta of 1.24. The stock has a 50 day moving average of $357.37 and a 200 day moving average of $348.01. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. The business had revenue of $17.69 billion for the quarter, compared to analyst estimates of $17.15 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.27 earnings per share. On average, research analysts expect that Accenture plc will post 12.69 EPS for the current fiscal year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be given a $1.48 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 annualized dividend and a yield of 1.59%. Accenture’s dividend payout ratio is presently 49.66%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. BMO Capital Markets increased their price target on Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Jefferies Financial Group decreased their price objective on Accenture from $385.00 to $355.00 and set a “hold” rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their target price on shares of Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. UBS Group raised their price target on shares of Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Finally, BNP Paribas cut Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 price target on the stock. in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Accenture currently has a consensus rating of “Moderate Buy” and a consensus price target of $383.74.

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.