100,000 Shares in Accenture plc (NYSE:ACN) Purchased by Capitolis Liquid Global Markets LLC

Capitolis Liquid Global Markets LLC purchased a new position in Accenture plc (NYSE:ACN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 100,000 shares of the information technology services provider's stock, valued at approximately $35,179,000.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Accenture by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 60,394,657 shares of the information technology services provider's stock valued at $21,246,236,000 after acquiring an additional 392,183 shares during the period. Geode Capital Management LLC raised its holdings in shares of 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 valued at $4,750,021,000 after buying an additional 136,665 shares during the last quarter. Capital Research Global Investors grew its holdings 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 buying an additional 1,770,024 shares in the last quarter. Wellington Management Group LLP raised its stake in Accenture by 22.8% during 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 in the last quarter. Finally, Capital International Investors boosted its position in Accenture by 2.2% during the 4th quarter. Capital International Investors now owns 8,513,140 shares of the information technology services provider's stock worth $2,994,922,000 after acquiring an additional 181,449 shares during the period. 75.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ACN has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Accenture from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. Mizuho lowered their price objective on shares of Accenture from $428.00 to $398.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 19th. Wolfe Research upgraded Accenture from a "peer perform" rating to an "outperform" rating and set a $425.00 target price for the company in a research report on Wednesday, January 8th. Piper Sandler dropped their price objective on Accenture from $364.00 to $355.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Baird R W raised Accenture from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $377.82.

Insiders Place Their Bets

In other Accenture news, insider Angela Beatty sold 169 shares of the stock in a transaction 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 $1,512,111.60. This represents a 3.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Julie Spellman Sweet sold 2,284 shares of the company's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.63, for a total value of $643,242.92. Following the sale, the chief executive officer now 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 disclosure for this sale can be found here. Insiders sold 15,041 shares of company stock valued at $5,254,956 over the last ninety days. Corporate insiders own 0.02% of the company's stock.

Accenture Stock Performance

Shares of ACN opened at $308.03 on Tuesday. Accenture plc has a 52 week low of $275.01 and a 52 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 company has a market capitalization of $192.93 billion, a PE ratio of 25.84, a PEG ratio of 3.23 and a beta of 1.35. The company's 50 day moving average price is $307.74 and its 200 day moving average price is $344.13.

Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings data 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 return on equity of 26.91% and a net margin of 11.41%. The business had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. During the same period last year, the company earned $2.77 earnings per share. Accenture's quarterly revenue was up 5.7% compared to the same quarter last year. Research analysts expect that Accenture plc will post 12.73 EPS 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 given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture's payout ratio is presently 48.89%.

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.

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