Treasurer of the State of North Carolina Has $99.72 Million Stake in Accenture plc (NYSE:ACN)

Treasurer of the State of North Carolina lifted its holdings in shares of Accenture plc (NYSE:ACN - Free Report) by 0.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 283,477 shares of the information technology services provider's stock after purchasing an additional 1,280 shares during the period. Treasurer of the State of North Carolina's holdings in Accenture were worth $99,724,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Morse Asset Management Inc bought a new position in shares of Accenture during the third quarter worth $25,000. FPC Investment Advisory Inc. grew its stake 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 valued at $28,000 after acquiring an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Accenture during the fourth quarter worth about $30,000. POM Investment Strategies LLC grew 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 valued at $31,000 after purchasing an additional 34 shares during the period. Finally, Retirement Wealth Solutions LLC acquired a new stake in Accenture during the 4th quarter worth approximately $34,000. 75.14% of the stock is owned by institutional investors.

Insider Activity at Accenture

In related news, insider Angela Beatty sold 961 shares of the firm's stock in a transaction that occurred on Friday, January 17th. The shares were 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 owns 5,484 shares in the company, valued at $1,943,913.48. This trade represents a 14.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Angie Y. Park sold 685 shares of Accenture stock in a transaction on Friday, January 17th. The stock was sold at an average price of $354.38, for a total transaction of $242,750.30. Following the transaction, the chief financial officer now owns 8,674 shares in the company, valued at approximately $3,073,892.12. This trade represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,921 shares of company stock valued at $9,876,619. 0.02% of the stock is owned by insiders.

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Accenture Price Performance

Accenture stock traded down $1.50 during mid-day trading on Tuesday, reaching $288.29. 1,659,012 shares of the company were exchanged, compared to its average volume of 3,002,191. The firm has a market cap of $180.56 billion, a PE ratio of 24.19, a PEG ratio of 3.23 and a beta of 1.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The company has a fifty day simple moving average of $334.44 and a 200-day simple moving average of $351.59. Accenture plc has a 12 month low of $275.01 and a 12 month high of $398.35.

Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating 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 return on equity of 26.91% and a net margin of 11.41%. Accenture's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.77 earnings per share. As a group, equities research analysts expect that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture's dividend payout ratio (DPR) is presently 48.89%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Mizuho lowered their price objective on shares of Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a research report on Wednesday, March 19th. Stifel Nicolaus reduced their price objective on Accenture from $390.00 to $380.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their target price on Accenture from $370.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, December 16th. StockNews.com downgraded shares of Accenture from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Finally, 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 research report on Tuesday, January 21st. Eight 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 stock. Based on data from MarketBeat.com, Accenture has an average rating of "Moderate Buy" and a consensus price target of $378.23.

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.