Andesa Financial Management Inc. lifted its stake in shares of Accenture plc (NYSE:ACN) by 32.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,722 shares of the information technology services provider’s stock after buying an additional 420 shares during the period. Andesa Financial Management Inc.’s holdings in Accenture were worth $476,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Cowa LLC purchased a new position in shares of Accenture during the fourth quarter worth $31,000. Key Financial Inc purchased a new position in Accenture in the fourth quarter valued at $36,000. Capstone Triton Financial Group LLC purchased a new position in Accenture in the fourth quarter valued at $38,000. Freedman Financial Associates Inc. purchased a new position in Accenture in the fourth quarter valued at $38,000. Finally, MD Financial Management Inc. purchased a new stake in shares of Accenture during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 70.99% of the company’s stock.
Shares of ACN stock traded up $2.35 during mid-day trading on Thursday, hitting $293.07. The stock had a trading volume of 21,932 shares, compared to its average volume of 2,114,397. Accenture plc has a fifty-two week low of $169.21 and a fifty-two week high of $291.15. The firm has a market cap of $186.44 billion, a PE ratio of 35.95, a PEG ratio of 3.09 and a beta of 1.08. The company’s 50-day simple moving average is $272.24 and its 200-day simple moving average is $252.84.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Stockholders of record on Thursday, April 15th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, April 14th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.20%. Accenture’s dividend payout ratio is presently 47.18%.
In other Accenture news, insider Ellyn Shook sold 2,600 shares of the firm’s stock in a transaction dated Friday, January 22nd. The shares were sold at an average price of $255.40, for a total transaction of $664,040.00. Following the completion of the transaction, the insider now directly owns 25,412 shares in the company, valued at approximately $6,490,224.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Richard P. Clark sold 3,247 shares of the firm’s stock in a transaction dated Wednesday, February 3rd. The shares were sold at an average price of $248.63, for a total transaction of $807,301.61. Insiders sold a total of 44,558 shares of company stock valued at $11,992,586 in the last quarter. Insiders own 0.07% of the company’s stock.
A number of equities analysts recently weighed in on ACN shares. BMO Capital Markets boosted their price target on shares of Accenture from $292.00 to $302.00 and gave the stock a “market perform” rating in a research report on Thursday, March 25th. Barclays boosted their target price on shares of Accenture from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, March 22nd. Susquehanna boosted their target price on shares of Accenture from $290.00 to $325.00 and gave the company a “positive” rating in a report on Thursday, March 25th. Susquehanna Bancshares boosted their price target on shares of Accenture from $290.00 to $325.00 and gave the company a “positive” rating in a research note on Friday, March 19th. Finally, Berenberg Bank boosted their price target on shares of Accenture from $258.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, February 2nd. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Accenture has a consensus rating of “Buy” and a consensus price target of $276.05.
Accenture Company Profile
Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company also provides outsourcing services. It serves communications, media, high tech, software, and platform companies; banking, capital market, and insurance industries; and consumer goods, retail, travel services, industrial, and life science industries, as well as clients in health, public service, chemicals and natural resources, energy, and utilities sectors.
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