1,269 Shares in Accenture plc (NYSE:ACN) Bought by AXQ Capital LP

AXQ Capital LP acquired a new stake in shares of Accenture plc (NYSE:ACN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,269 shares of the information technology services provider's stock, valued at approximately $446,000.

A number of other hedge funds also recently bought and sold shares of the company. Hillsdale Investment Management Inc. grew its holdings in shares of Accenture by 99.5% during the 4th quarter. Hillsdale Investment Management Inc. now owns 2,105 shares of the information technology services provider's stock valued at $741,000 after purchasing an additional 1,050 shares during the last quarter. Sei Investments Co. grew its stake in shares of Accenture by 8.0% during the fourth quarter. Sei Investments Co. now owns 376,869 shares of the information technology services provider's stock valued at $132,581,000 after buying an additional 27,911 shares during the last quarter. Plancorp LLC increased its holdings in shares of Accenture by 8.9% in the fourth quarter. Plancorp LLC now owns 1,677 shares of the information technology services provider's stock worth $590,000 after buying an additional 137 shares during the period. Mizuho Securities USA LLC lifted its stake in shares of Accenture by 45.8% in the 4th quarter. Mizuho Securities USA LLC now owns 59,222 shares of the information technology services provider's stock valued at $20,834,000 after acquiring an additional 18,604 shares during the last quarter. Finally, Fi3 FINANCIAL ADVISORS LLC boosted its holdings in Accenture by 4.0% during the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 1,130 shares of the information technology services provider's stock valued at $397,000 after acquiring an additional 43 shares during the period. Institutional investors own 75.14% of the company's stock.

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Accenture Stock Down 0.9 %

Shares of NYSE:ACN traded down $2.65 on Thursday, hitting $308.51. 2,870,173 shares of the company traded hands, compared to its average volume of 2,766,683. The company has a market cap of $193.06 billion, a PE ratio of 25.88, a PEG ratio of 3.23 and a beta of 1.24. The stock has a 50 day simple moving average of $356.77 and a 200-day simple moving average of $356.56. Accenture plc has a 52 week low of $278.69 and a 52 week high of $398.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN - Get Free Report) last issued its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $16.64 billion. During the same quarter in the prior year, the firm posted $2.77 earnings per share. The business's revenue was up 5.7% on a year-over-year basis. As a group, research analysts expect that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be paid a $1.48 dividend. The ex-dividend date is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.92%. Accenture's dividend payout ratio is presently 48.89%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Barclays dropped their price objective on Accenture from $415.00 to $390.00 and set an "overweight" rating for the company in a research note on Monday. Morgan Stanley cut their price target on shares of Accenture from $380.00 to $372.00 and set an "equal weight" rating on the stock in a report on Monday, March 17th. Stifel Nicolaus dropped their target price on shares of Accenture from $390.00 to $380.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. UBS Group reduced their price target on Accenture from $455.00 to $387.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Finally, StockNews.com cut Accenture from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Accenture has a consensus rating of "Moderate Buy" and a consensus target price of $378.23.

Insider Activity at Accenture

In other Accenture news, insider Angela Beatty sold 961 shares of the stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $354.47, for a total value of $340,645.67. Following the transaction, the insider now owns 5,484 shares of the company's stock, valued at approximately $1,943,913.48. This represents a 14.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 1,487 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total value of $527,200.98. Following the sale, the chief accounting officer now owns 9,247 shares of the company's stock, valued at approximately $3,278,431.38. This represents a 13.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,905 shares of company stock worth $8,181,753 over the last quarter. Company insiders own 0.02% of the company's stock.

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.