UMB Bank n.a. Has $27.13 Million Position in Accenture plc (NYSE:ACN)

UMB Bank n.a. cut its position in shares of Accenture plc (NYSE:ACN - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,131 shares of the information technology services provider's stock after selling 1,675 shares during the quarter. UMB Bank n.a.'s holdings in Accenture were worth $27,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morse Asset Management Inc bought a new stake in Accenture in the third quarter valued at about $25,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Accenture in the 3rd quarter valued at approximately $30,000. Retirement Wealth Solutions LLC acquired a new position in shares of Accenture in the 4th quarter worth approximately $34,000. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of Accenture by 607.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider's stock worth $35,000 after buying an additional 85 shares during the period. Finally, RPg Family Wealth Advisory LLC acquired a new stake in Accenture in the 3rd quarter valued at $39,000. 75.14% of the stock is currently owned by institutional investors.

Accenture Trading Up 0.5 %

NYSE:ACN traded up $1.77 during mid-day trading on Monday, hitting $352.33. The company had a trading volume of 4,061,199 shares, compared to its average volume of 2,320,392. The firm has a market cap of $220.49 billion, a P/E ratio of 29.56, a P/E/G ratio of 3.11 and a beta of 1.24. Accenture plc has a fifty-two week low of $278.69 and a fifty-two week high of $387.51. The business's fifty day moving average is $357.59 and its two-hundred day moving average is $345.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47.

Accenture (NYSE:ACN - Get Free Report) last released 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 net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $17.69 billion during the quarter, compared to analysts' expectations of $17.15 billion. During the same quarter in the prior year, the company earned $3.27 EPS. The firm's quarterly revenue was up 9.0% on a year-over-year basis. As a group, research analysts expect that Accenture plc will post 12.69 earnings per share for the current year.

Accenture announced that its board has initiated a share buyback plan on Thursday, September 26th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the information technology services provider to repurchase up to 1.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Thursday, January 16th will be issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture's payout ratio is 49.66%.

Insider Buying and Selling

In other news, insider Angela Beatty sold 375 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the completion of the sale, the insider now owns 5,149 shares of the company's stock, valued at approximately $1,845,916.50. This represents a 6.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Joel Unruch sold 4,750 shares of the company's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $369.97, for a total transaction of $1,757,357.50. Following the sale, the general counsel now directly owns 22,976 shares in the company, valued at $8,500,430.72. This trade represents a 17.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,125 shares of company stock worth $6,184,820. Corporate insiders own 0.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. BNP Paribas cut Accenture from an "outperform" rating to a "neutral" rating and set a $375.00 price objective for the company. in a report on Wednesday, October 30th. Susquehanna boosted their price target on shares of Accenture from $350.00 to $360.00 and gave the company a "neutral" rating in a research report on Friday, September 27th. Piper Sandler raised their price objective on shares of Accenture from $422.00 to $429.00 and gave the stock an "overweight" rating in a report on Thursday, December 19th. Royal Bank of Canada boosted their target price on Accenture from $377.00 to $389.00 and gave the stock an "outperform" rating in a report on Friday, September 27th. Finally, Wolfe Research raised Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 price target for the company in a report on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $385.04.

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.