APG Asset Management N.V. Raises Stock Holdings in Accenture plc (NYSE:ACN)

APG Asset Management N.V. lifted its holdings in Accenture plc (NYSE:ACN - Free Report) by 1,412.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 554,533 shares of the information technology services provider's stock after acquiring an additional 517,864 shares during the period. APG Asset Management N.V. owned approximately 0.09% of Accenture worth $188,391,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Advisory Services Network LLC raised its holdings in Accenture by 5.4% in the 4th quarter. Advisory Services Network LLC now owns 23,469 shares of the information technology services provider's stock valued at $8,256,000 after acquiring an additional 1,206 shares in the last quarter. Sand Hill Global Advisors LLC lifted its position in Accenture by 0.7% during the fourth quarter. Sand Hill Global Advisors LLC now owns 19,742 shares of the information technology services provider's stock worth $6,945,000 after purchasing an additional 128 shares during the period. Abacus FCF Advisors LLC grew its stake in Accenture by 81.1% during the fourth quarter. Abacus FCF Advisors LLC now owns 40,585 shares of the information technology services provider's stock worth $14,277,000 after buying an additional 18,180 shares in the last quarter. Renaissance Technologies LLC bought a new position in Accenture in the 4th quarter valued at about $317,000. Finally, Southeast Asset Advisors LLC lifted its holdings in shares of Accenture by 12.9% during the 4th quarter. Southeast Asset Advisors LLC now owns 1,881 shares of the information technology services provider's stock worth $662,000 after acquiring an additional 215 shares during the period. 75.14% of the stock is owned by institutional investors.

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Insider Activity

In related news, CFO Angie Y. Park sold 685 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $354.38, for a total value of $242,750.30. Following the completion of the sale, the chief financial officer now directly owns 8,674 shares of the company's stock, valued at approximately $3,073,892.12. This represents a 7.32 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 8,793 shares of Accenture stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the transaction, the chief executive officer now directly owns 11,858 shares in the company, valued at $4,677,625.26. This represents a 42.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,905 shares of company stock worth $8,181,753 over the last quarter. 0.02% of the stock is currently owned by corporate insiders.

Accenture Trading Down 0.6 %

Shares of ACN stock traded down $1.68 on Friday, hitting $283.54. The company had a trading volume of 5,017,701 shares, compared to its average volume of 3,010,801. The firm has a market cap of $177.59 billion, a P/E ratio of 23.79, a P/E/G ratio of 3.23 and a beta of 1.32. Accenture plc has a twelve month low of $275.01 and a twelve month high of $398.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The stock's 50-day moving average is $336.60 and its two-hundred day moving average is $352.03.

Accenture (NYSE:ACN - Get Free Report) last announced its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 11.41% and a return on equity of 26.91%. Accenture's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.77 earnings per share. On average, equities research analysts anticipate that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be issued a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 2.09%. Accenture's dividend payout ratio is currently 48.89%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ACN shares. Royal Bank of Canada decreased their price objective on shares of Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Baird R W upgraded Accenture from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Morgan Stanley dropped their price objective on Accenture from $380.00 to $372.00 and set an "equal weight" rating for the company in a research report on Monday, March 17th. Piper Sandler decreased their target price on Accenture from $396.00 to $364.00 and set an "overweight" rating on the stock in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of Accenture from $370.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, December 16th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $378.23.

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.