Seaview Investment Managers LLC purchased a new stake 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 institutional investor purchased 1,111 shares of the information technology services provider's stock, valued at approximately $391,000.
Several other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Accenture by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 60,394,657 shares of the information technology services provider's stock worth $21,246,236,000 after purchasing an additional 392,183 shares during the last quarter. Geode Capital Management LLC boosted its position in Accenture by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 13,528,348 shares of the information technology services provider's stock worth $4,750,021,000 after acquiring an additional 136,665 shares during the last quarter. Capital Research Global Investors grew its stake in Accenture by 16.8% in the 4th quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider's stock worth $4,325,526,000 after acquiring an additional 1,770,024 shares during the period. Wellington Management Group LLP raised its holdings in Accenture by 22.8% in the 4th quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider's stock valued at $4,283,225,000 after acquiring an additional 2,260,740 shares during the last quarter. Finally, Capital International Investors boosted its holdings in shares of Accenture by 2.2% during the fourth quarter. Capital International Investors now owns 8,513,140 shares of the information technology services provider's stock worth $2,994,922,000 after purchasing an additional 181,449 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CEO Julie Spellman Sweet sold 2,284 shares of the firm'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 directly owns 9,965 shares in the company, valued at $2,806,442.95. This trade represents a 18.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Melissa A. Burgum sold 232 shares of the business's stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total transaction of $91,514.72. Following the sale, the chief accounting officer now owns 8,915 shares of the company's stock, valued at approximately $3,516,610.90. The trade was a 2.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,791 shares of company stock worth $6,978,161. Corporate insiders own 0.02% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on ACN shares. BMO Capital Markets increased their target price on Accenture to $355.00 and gave the stock a "hold" rating in a research report on Wednesday, March 26th. Piper Sandler decreased their price target on shares of Accenture from $364.00 to $355.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Royal Bank of Canada cut their target price on Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Robert W. Baird raised Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price target for the company in a research report on Monday, March 17th. Finally, StockNews.com lowered Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $377.82.
Get Our Latest Stock Report on ACN
Accenture Stock Up 1.1 %
Shares of NYSE:ACN traded up $3.27 during trading on Thursday, hitting $291.43. The company's stock had a trading volume of 3,269,857 shares, compared to its average volume of 3,009,768. The company has a market capitalization of $182.53 billion, a PE ratio of 24.45, a PEG ratio of 3.23 and a beta of 1.32. Accenture plc has a fifty-two week low of $275.01 and a fifty-two week 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 price is $319.94 and its two-hundred day moving average price is $348.16.
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 (EPS) for the quarter, beating analysts' consensus estimates of $2.81 by $0.01. The company 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% on a year-over-year basis. During the same period in the prior year, the company posted $2.77 EPS. As a group, sell-side analysts expect that Accenture plc will post 12.73 EPS 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 given a dividend of $1.48 per share. The ex-dividend date is Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 2.03%. Accenture's payout ratio is 48.89%.
About Accenture
(
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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