Quantessence Capital LLC purchased a new stake in Accenture plc (NYSE:ACN - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,069 shares of the information technology services provider's stock, valued at approximately $2,487,000. Accenture accounts for approximately 1.0% of Quantessence Capital LLC's holdings, making the stock its 25th largest holding.
Other large investors have also added to or reduced their stakes in the company. Morse Asset Management Inc bought a new stake in shares of Accenture during the 3rd quarter worth $25,000. SkyView Investment Advisors LLC boosted its stake in shares of Accenture by 1.9% in the 3rd quarter. SkyView Investment Advisors LLC now owns 1,796 shares of the information technology services provider's stock valued at $635,000 after purchasing an additional 33 shares in the last quarter. Anchor Investment Management LLC boosted its position in Accenture by 8.4% in the third quarter. Anchor Investment Management LLC now owns 6,135 shares of the information technology services provider's stock valued at $2,169,000 after buying an additional 474 shares in the last quarter. Arvest Bank Trust Division bought a new position in shares of Accenture in the 3rd quarter valued at $18,115,000. Finally, Wilmington Savings Fund Society FSB increased its holdings in Accenture by 2.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 41,175 shares of the information technology services provider's stock worth $14,555,000 after purchasing an additional 1,015 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company's stock.
Accenture Trading Down 1.0 %
NYSE:ACN opened at $279.48 on Tuesday. Accenture plc has a 52 week low of $275.01 and a 52 week high of $398.35. The firm has a 50-day moving average price of $324.03 and a two-hundred day moving average price of $349.02. The firm has a market cap of $175.05 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47.
Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.01. The business had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. Accenture's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $2.77 earnings per share. On average, equities analysts expect 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. Investors of record on Thursday, April 10th will be issued a dividend of $1.48 per share. The ex-dividend date is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a yield of 2.12%. Accenture's dividend payout ratio (DPR) is presently 48.89%.
Analyst Upgrades and Downgrades
ACN has been the topic of a number of research reports. Barclays reduced their target price on shares of Accenture from $415.00 to $390.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Wolfe Research upgraded shares of Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 target price on the stock in a report on Wednesday, January 8th. Baird R W upgraded Accenture from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Royal Bank of Canada dropped their price objective on Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Finally, Morgan Stanley lowered their target price on Accenture from $380.00 to $372.00 and set an "equal weight" rating for the company in a report on Monday, March 17th. Eight 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $377.82.
View Our Latest Report on Accenture
Insiders Place Their Bets
In other news, CEO Julie Spellman Sweet sold 2,284 shares of the company's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.63, for a total transaction of $643,242.92. Following the transaction, the chief executive officer now owns 9,965 shares of the company's stock, valued at $2,806,442.95. This represents a 18.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Beatty sold 169 shares of Accenture stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.90, for a total value of $47,641.10. Following the completion of the sale, the insider now directly owns 5,364 shares of the company's stock, valued at approximately $1,512,111.60. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,291 shares of company stock valued at $7,880,886. Company insiders own 0.02% of the company's stock.
Accenture Company Profile
(
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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