Tucker Asset Management LLC Buys 78 Shares of Accenture plc (NYSE:ACN)

Tucker Asset Management LLC grew its stake in Accenture plc (NYSE:ACN) by 13.9% during the 4th quarter, HoldingsChannel reports. The fund owned 641 shares of the information technology services provider’s stock after purchasing an additional 78 shares during the quarter. Tucker Asset Management LLC’s holdings in Accenture were worth $225,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Chilton Capital Management LLC boosted its holdings in Accenture by 180.0% in the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in shares of Accenture in the fourth quarter worth $27,000. Halpern Financial Inc. purchased a new position in shares of Accenture in the fourth quarter worth $31,000. Pineridge Advisors LLC purchased a new position in shares of Accenture in the fourth quarter worth $35,000. Finally, Laffer Tengler Investments Inc. raised its stake in shares of Accenture by 142.9% in the fourth quarter. Laffer Tengler Investments Inc. now owns 102 shares of the information technology services provider’s stock worth $36,000 after purchasing an additional 60 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Insider Activity at Accenture

In other news, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $332.13, for a total value 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 approximately $5,937,488.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, COO John F. Walsh sold 8,000 shares of Accenture stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $332.13, for a total value 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 approximately $5,937,488.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Joel Unruch sold 4,333 shares of Accenture stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $316.12, for a total value of $1,369,747.96. Following the completion of the transaction, the general counsel now owns 30,702 shares of the company’s stock, valued at approximately $9,705,516.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,083 shares of company stock valued at $8,959,325. Insiders own 0.07% of the company’s stock.

Accenture Stock Up 1.6 %

Accenture stock traded up $4.39 during midday trading on Friday, reaching $286.71. 2,966,211 shares of the stock traded hands, compared to its average volume of 3,117,430. The stock’s fifty day moving average is $304.35 and its 200-day moving average is $338.71. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51. The stock has a market cap of $192.31 billion, a P/E ratio of 25.99, a PEG ratio of 3.07 and a beta of 1.21.

Accenture (NYSE:ACN) last announced its quarterly earnings results 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 return on equity of 28.30% and a net margin of 10.89%. The company had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. During the same period in the prior year, the company earned $2.69 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. On average, equities analysts predict that Accenture plc will post 12.08 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 11th were paid a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Wednesday, April 10th. Accenture’s payout ratio is presently 46.78%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ACN. Redburn Atlantic boosted their price target on Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Guggenheim reiterated a “buy” rating and set a $395.00 price objective on shares of Accenture in a research report on Friday, May 24th. Citigroup reduced their price objective on Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Robert W. Baird reduced their price objective on Accenture from $372.00 to $345.00 and set a “neutral” rating for the company in a research report on Thursday, May 16th. Finally, Jefferies Financial Group reduced their price objective on Accenture from $340.00 to $275.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $367.50.

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.