OneAscent Financial Services Increases Position in Accenture Plc

OneAscent Financial Services LLC has increased its holdings in Accenture plc (NYSE:ACN), with a 34.6% uptick in shares during the third quarter. They reported this to the Securities & Exchange Commission, showcasing a boost in their investment portfolio. Following the additional purchase of 351 shares, OneAscent Financial Services owned a total of 1,366 shares in the information technology services provider. These shares were valued around $419,000 at the quarter's end.

Investor Interest in Accenture

OneAscent Financial Services LLC isn’t the sole investor adjusting stakes in Accenture. BlackRock Inc. increased their shareholding by 1.3% in the first quarter, now owning over 48 million shares. State Street Corp also upped their stake by 0.7% in the second quarter, and now holds approximately 26.6 million shares. Additionally, Morgan Stanley, Geode Capital Management LLC, and Price T Rowe Associates Inc. MD have all made notable increases in their investments in Accenture.

Accenture's Stock Performance and Dividend

Accenture's stock price opened at $349.03 on a recent Friday, with a 50-day moving average of $320.97 and a 200-day moving average of $316.21. The company commands a market capitalization of $219.17 billion, trades on a price-to-earnings ratio of 32.35, and has a P/E/G ratio of 3.14 along with a beta of 1.23. Additionally, Accenture announced a quarterly dividend which is set to be $1.29 per share, indicating a 1.48% dividend yield.

Earnings and Analyst Predictions

Accenture posted quarterly earnings of $3.27 per share, exceeding the forecasted $3.14 EPS. The firm's revenue reached $16.22 billion, slightly higher than expected. Analysts are currently projecting an EPS of $12.21 for the current year. Several research analysts have highlighted Accenture's performance with buy ratings and varied price targets that averagely suggest continued optimism about the company's stock value.

Insider Transactions

Accenture's insiders have been active with CEO Julie Spellman Sweet and CEO Jean-Marc Ollagnier making significant stock sales recently. Although insider trading can be seen as a signifier of company confidence, it should be noted that insider transactions are a regular part of stock market operations and are meticulously documented for investor transparency.

About Accenture

Accenture plc is a global professional services provider, offering a wide array of services from strategy and consulting to digital transformation and operations. Their commitment to innovation is evident in their services across various sectors including the application development, AI solutions, metaverse, and more.

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