Farringdon Capital Ltd. acquired a new position in Accenture plc (NYSE:ACN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,094 shares of the information technology services provider's stock, valued at approximately $1,088,000.
Other large investors have also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. increased its stake in shares of Accenture by 5.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider's stock worth $182,000 after purchasing an additional 28 shares in the last quarter. FPC Investment Advisory Inc. increased its stake in Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock worth $28,000 after buying an additional 28 shares in the last quarter. New England Professional Planning Group Inc. lifted its position in shares of Accenture by 4.6% in the fourth quarter. New England Professional Planning Group Inc. now owns 655 shares of the information technology services provider's stock valued at $230,000 after acquiring an additional 29 shares in the last quarter. Nemes Rush Group LLC raised its stake in Accenture by 7.5% during the 4th quarter. Nemes Rush Group LLC now owns 418 shares of the information technology services provider's stock valued at $147,000 after purchasing an additional 29 shares during the period. Finally, Neville Rodie & Shaw Inc. grew its stake in Accenture by 4.3% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 725 shares of the information technology services provider's stock valued at $255,000 after acquiring an additional 30 shares in the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
ACN has been the subject of a number of research analyst reports. UBS Group cut their price objective on Accenture from $455.00 to $387.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Baird R W raised Accenture from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Stifel Nicolaus reduced their price target on shares of Accenture from $390.00 to $380.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Robert W. Baird upgraded shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price objective for the company in a research report on Monday, March 17th. Finally, Royal Bank of Canada decreased their target price on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $377.82.
Check Out Our Latest Report on Accenture
Insider Activity at Accenture
In other Accenture news, COO John F. Walsh sold 2,500 shares of Accenture stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $361.09, for a total transaction of $902,725.00. Following the completion of the transaction, the chief operating officer now owns 19,737 shares in the company, valued at approximately $7,126,833.33. This trade represents a 11.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Julie Spellman Sweet sold 8,793 shares of the company's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total value of $3,468,574.71. Following the completion of the sale, the chief executive officer now owns 11,858 shares in the company, valued at $4,677,625.26. The trade was a 42.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,291 shares of company stock worth $7,880,886 over the last quarter. Insiders own 0.02% of the company's stock.
Accenture Stock Up 1.7 %
NYSE ACN traded up $4.66 on Tuesday, hitting $283.89. The stock had a trading volume of 698,196 shares, compared to its average volume of 2,996,513. Accenture plc has a 52-week low of $275.01 and a 52-week high of $398.35. The business's fifty day moving average price is $324.03 and its 200 day moving average price is $349.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The stock has a market cap of $177.81 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32.
Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.01. The business had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $2.77 earnings per share. Equities research analysts anticipate that Accenture plc will post 12.73 earnings per share for the current year.
Accenture Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture's dividend payout ratio (DPR) is 48.89%.
Accenture Company Profile
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Free Report)
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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