Caliber Wealth Management LLC KS acquired a new stake in Accenture PLC (NYSE:ACN – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 898 shares of the information technology services provider’s stock, valued at approximately $268,000.
Several other large investors have also bought and sold shares of the business. Viawealth LLC boosted its stake in Accenture by 2.6% in the first quarter. Viawealth LLC now owns 1,307 shares of the information technology services provider’s stock valued at $408,000 after buying an additional 33 shares in the last quarter. Aprio Wealth Management LLC boosted its stake in Accenture by 2.1% in the first quarter. Aprio Wealth Management LLC now owns 1,640 shares of the information technology services provider’s stock valued at $512,000 after buying an additional 33 shares in the last quarter. First National Advisers LLC boosted its stake in Accenture by 0.4% in the first quarter. First National Advisers LLC now owns 9,420 shares of the information technology services provider’s stock valued at $2,939,000 after buying an additional 34 shares in the last quarter. TCTC Holdings LLC boosted its stake in Accenture by 14.5% in the first quarter. TCTC Holdings LLC now owns 269 shares of the information technology services provider’s stock valued at $84,000 after buying an additional 34 shares in the last quarter. Finally, Texas Bank & Trust Co boosted its stake in Accenture by 0.4% in the first quarter. Texas Bank & Trust Co now owns 8,181 shares of the information technology services provider’s stock valued at $2,553,000 after buying an additional 35 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.
Accenture Price Performance
Accenture stock opened at $249.14 on Thursday. The stock’s 50 day moving average is $247.18 and its 200 day moving average is $278.05. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $164.05 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.18 and a beta of 1.28. Accenture PLC has a one year low of $229.40 and a one year high of $398.35.
Accenture Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 2.6%. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date of this dividend is Friday, October 10th. Accenture’s payout ratio is presently 53.66%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on ACN. Jefferies Financial Group reissued a “hold” rating on shares of Accenture in a research note on Tuesday, September 30th. Mizuho cut their price target on Accenture from $348.00 to $309.00 and set an “outperform” rating on the stock in a research note on Monday, September 29th. Wall Street Zen lowered Accenture from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Hsbc Global Res raised Accenture to a “moderate sell” rating in a research note on Monday, July 28th. Finally, BNP Paribas Exane cut their price target on Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $297.48.
Check Out Our Latest Research Report on ACN
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.
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