Rockefeller Capital Management L.P. Acquires 51,351 Shares of Accenture plc (NYSE:ACN)

Rockefeller Capital Management L.P. increased its holdings in Accenture plc (NYSE:ACN - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 453,761 shares of the information technology services provider's stock after acquiring an additional 51,351 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.07% of Accenture worth $159,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Morse Asset Management Inc bought a new stake in shares of Accenture in the 3rd quarter worth approximately $25,000. FPC Investment Advisory Inc. boosted its holdings in Accenture by 62.2% in the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock worth $28,000 after acquiring an additional 28 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Accenture in the fourth quarter worth $30,000. POM Investment Strategies LLC raised its position in shares of Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock worth $31,000 after purchasing an additional 34 shares during the last quarter. Finally, Retirement Wealth Solutions LLC bought a new position in Accenture in the 4th quarter worth about $34,000. Institutional investors own 75.14% of the company's stock.

Accenture Stock Performance

Accenture stock traded down $1.21 during trading on Tuesday, reaching $288.58. The company had a trading volume of 3,273,144 shares, compared to its average volume of 3,008,262. The firm's 50-day simple moving average is $334.44 and its 200 day simple moving average is $351.59. Accenture plc has a 52 week low of $275.01 and a 52 week high of $398.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $180.75 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32.

Remove Ads

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm had revenue of $16.70 billion for the quarter, compared to analysts' expectations of $16.64 billion. During the same period in the previous year, the firm earned $2.77 EPS. The business's quarterly revenue was up 5.7% on a year-over-year basis. Sell-side analysts forecast that Accenture plc will post 12.73 earnings per share for the current fiscal 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 paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Thursday, April 10th. Accenture's dividend payout ratio (DPR) is 48.89%.

Analyst Ratings Changes

Several brokerages have issued reports on ACN. Jefferies Financial Group decreased their target price on shares of Accenture from $385.00 to $355.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. Morgan Stanley lowered their price objective on Accenture from $380.00 to $372.00 and set an "equal weight" rating on the stock in a research report on Monday, March 17th. JPMorgan Chase & Co. lifted their target price on Accenture from $370.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Royal Bank of Canada lowered their price target on Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Finally, Wolfe Research upgraded Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 price objective for the company in a report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $378.23.

Insiders Place Their Bets

In other Accenture news, insider Angela Beatty sold 961 shares of the company's stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $354.47, for a total value of $340,645.67. Following the completion of the transaction, the insider now directly owns 5,484 shares in the company, valued at $1,943,913.48. This represents a 14.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Joel Unruch sold 3,563 shares of Accenture stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the sale, the general counsel now owns 17,237 shares in the company, valued at approximately $4,857,041.86. The trade was a 17.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,921 shares of company stock worth $9,876,619. Corporate insiders own 0.02% of the company's stock.

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.