Two Sigma Securities LLC decreased its stake in Accenture plc (NYSE:ACN - Free Report) by 90.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,916 shares of the information technology services provider's stock after selling 27,566 shares during the quarter. Two Sigma Securities LLC's holdings in Accenture were worth $1,026,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of ACN. Morse Asset Management Inc purchased a new position in Accenture during the 3rd quarter valued at $25,000. SkyView Investment Advisors LLC boosted its holdings in Accenture by 1.9% during 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 acquiring an additional 33 shares during the period. Anchor Investment Management LLC boosted its holdings in Accenture by 8.4% during the 3rd quarter. Anchor Investment Management LLC now owns 6,135 shares of the information technology services provider's stock valued at $2,169,000 after acquiring an additional 474 shares during the period. Arvest Bank Trust Division purchased a new position in Accenture during the 3rd quarter valued at $18,115,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in Accenture by 2.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 41,175 shares of the information technology services provider's stock valued at $14,555,000 after acquiring an additional 1,015 shares during the period. Hedge funds and other institutional investors own 75.14% of the company's stock.
Accenture Stock Performance
ACN stock traded up $0.12 during trading on Monday, reaching $293.51. The company had a trading volume of 1,864,057 shares, compared to its average volume of 2,996,369. The firm has a 50-day simple moving average of $316.14 and a 200-day simple moving average of $347.02. The company has a market cap of $183.83 billion, a price-to-earnings ratio of 24.62, 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 plc has a twelve month low of $275.01 and a twelve month high of $398.35.
Accenture (NYSE:ACN - Get Free Report) last released its 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 company had revenue of $16.70 billion during the quarter, compared to analysts' expectations of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. Accenture's revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the business earned $2.77 EPS. As a group, sell-side analysts expect that Accenture plc will post 12.73 earnings per share for the current year.
Accenture Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture's dividend payout ratio is presently 48.89%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. Royal Bank of Canada dropped their price objective on Accenture from $399.00 to $392.00 and set an "outperform" rating for the company in a report on Friday, March 21st. Mizuho lowered their target price on Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a report on Wednesday, March 19th. StockNews.com cut Accenture from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Barclays lowered their target price on Accenture from $415.00 to $390.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Finally, UBS Group lowered their target price on Accenture from $455.00 to $387.00 and set a "buy" rating for the company in a report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $377.82.
Read Our Latest Stock Report on Accenture
Insiders Place Their Bets
In other Accenture news, CEO Julie Spellman Sweet sold 2,284 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.63, for a total transaction of $643,242.92. Following the completion of the transaction, the chief executive officer now directly owns 9,965 shares of the company's stock, valued at approximately $2,806,442.95. This trade represents a 18.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela Beatty sold 169 shares of Accenture stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.90, for a total transaction of $47,641.10. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,041 shares of company stock valued at $5,254,956. 0.02% of the stock is owned by insiders.
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.
Featured Stories
Before you consider Accenture, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Accenture wasn't on the list.
While Accenture currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
