Masso Torrence Wealth Management Inc. Acquires 37 Shares of Accenture plc (NYSE:ACN)

Masso Torrence Wealth Management Inc. boosted its holdings in shares of Accenture plc (NYSE:ACN) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,484 shares of the information technology services provider’s stock after buying an additional 37 shares during the quarter. Masso Torrence Wealth Management Inc.’s holdings in Accenture were worth $522,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Baldwin Wealth Partners LLC MA grew its holdings in Accenture by 6.5% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock worth $22,314,000 after purchasing an additional 3,883 shares during the last quarter. Schrum Private Wealth Management LLC boosted its position in shares of Accenture by 78.6% in the 3rd quarter. Schrum Private Wealth Management LLC now owns 11,448 shares of the information technology services provider’s stock worth $4,047,000 after purchasing an additional 5,038 shares in the last quarter. MQS Management LLC acquired a new position in Accenture during the 3rd quarter valued at about $1,040,000. Concurrent Investment Advisors LLC raised its stake in Accenture by 70.6% in the third quarter. Concurrent Investment Advisors LLC now owns 35,591 shares of the information technology services provider’s stock valued at $12,581,000 after buying an additional 14,724 shares during the last quarter. Finally, M&G PLC boosted its holdings in Accenture by 34.1% in the third quarter. M&G PLC now owns 292,808 shares of the information technology services provider’s stock worth $103,361,000 after acquiring an additional 74,438 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

NYSE:ACN opened at $379.06 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The stock’s 50-day moving average price is $358.27 and its 200-day moving average price is $349.02. The stock has a market capitalization of $237.21 billion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 3.20 and a beta of 1.24.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.43 by $0.16. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. During the same period in the previous year, the business earned $3.27 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. As a group, equities analysts expect that Accenture plc will post 12.69 EPS for the current fiscal year.

Accenture Announces Dividend

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 issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.56%. The ex-dividend date is Thursday, January 16th. Accenture’s payout ratio is 49.66%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ACN. UBS Group increased their price objective on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Piper Sandler raised their price target on shares of Accenture from $422.00 to $429.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $370.00 to $420.00 in a report on Friday, December 6th. Robert W. Baird restated a “neutral” rating and issued a $370.00 target price on shares of Accenture in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets boosted their price target on Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a research note on Friday, December 20th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $383.74.

Insider Transactions at Accenture

In other Accenture news, General Counsel Joel Unruch sold 4,750 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $362.78, for a total value of $1,723,205.00. Following the transaction, the general counsel now owns 20,526 shares in the company, valued at approximately $7,446,422.28. This trade represents a 18.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO John F. Walsh sold 2,500 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $361.09, for a total transaction of $902,725.00. Following the sale, the chief operating officer now directly owns 19,737 shares of the company’s stock, valued at $7,126,833.33. The trade was a 11.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,446 shares of company stock valued at $5,852,848 over the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Accenture Company 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.