Elwood & Goetz Wealth Advisory Group LLC Buys 32 Shares of Accenture plc (NYSE:ACN)

Elwood & Goetz Wealth Advisory Group LLC increased its holdings in shares of Accenture plc (NYSE:ACN) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 866 shares of the information technology services provider’s stock after acquiring an additional 32 shares during the period. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Accenture were worth $304,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ACN. Strategic Investment Solutions Inc. IL bought a new stake in Accenture during the 1st quarter worth approximately $28,000. BluePath Capital Management LLC bought a new stake in Accenture during the 3rd quarter worth approximately $31,000. RVW Wealth LLC bought a new stake in Accenture during the 3rd quarter worth approximately $33,000. Tyler Stone Wealth Management bought a new stake in Accenture during the 2nd quarter worth approximately $35,000. Finally, Canton Hathaway LLC bought a new stake in Accenture during the 3rd quarter worth approximately $37,000. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Up 1.5 %

ACN opened at $346.10 on Friday. Accenture plc has a 12 month low of $261.68 and a 12 month high of $387.51. The company has a fifty day simple moving average of $369.12 and a 200 day simple moving average of $340.38. The stock has a market cap of $217.11 billion, a P/E ratio of 31.38, a P/E/G ratio of 3.19 and a beta of 1.20.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The business had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $15.85 billion. During the same quarter in the prior year, the company earned $2.69 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. On average, equities research analysts expect that Accenture plc will post 12.1 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be paid a $1.29 dividend. This represents a $5.16 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio is 46.78%.

Analyst Ratings Changes

Several research firms have issued reports on ACN. Guggenheim began coverage on Accenture in a report on Tuesday, March 19th. They set a “buy” rating and a $425.00 price objective on the stock. Redburn Atlantic upped their price objective on Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. BMO Capital Markets reduced their price objective on Accenture from $385.00 to $375.00 and set a “market perform” rating on the stock in a report on Friday, March 22nd. Mizuho reaffirmed a “buy” rating and set a $398.00 price objective (down previously from $426.00) on shares of Accenture in a report on Friday, March 22nd. Finally, UBS Group upped their price objective on Accenture from $365.00 to $400.00 and gave the stock a “neutral” rating in a report on Thursday, January 25th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $387.00.

Insider Activity at Accenture

In related news, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 17,877 shares in the company, valued at $5,937,488.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO John F. Walsh sold 8,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 17,877 shares in the company, valued at $5,937,488.01. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Melissa A. Burgum sold 3,010 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $371.80, for a total value of $1,119,118.00. Following the sale, the chief accounting officer now owns 9,193 shares of the company’s stock, valued at approximately $3,417,957.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,000 shares of company stock valued at $11,146,998. 0.07% of the stock is owned by insiders.

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.