Banque Transatlantique SA Makes New Investment in Accenture plc (NYSE:ACN)

Banque Transatlantique SA acquired a new position in Accenture plc (NYSE:ACN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,522 shares of the information technology services provider's stock, valued at approximately $8,029,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Accenture by 0.7% in 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 period. Geode Capital Management LLC boosted its position 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 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% during the fourth quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider's stock valued at $4,325,526,000 after acquiring an additional 1,770,024 shares in the last quarter. Wellington Management Group LLP increased 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 lifted its stake in Accenture by 2.2% in 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 purchasing an additional 181,449 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.

Insider Buying and Selling at Accenture

In other news, CEO Julie Spellman Sweet sold 8,793 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.47, for a total transaction of $3,468,574.71. Following the transaction, the chief executive officer now directly owns 11,858 shares in the company, valued at approximately $4,677,625.26. This trade represents a 42.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela Beatty sold 169 shares of the company's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.90, for a total value of $47,641.10. Following the sale, the insider now owns 5,364 shares of the company's stock, valued at approximately $1,512,111.60. This represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,041 shares of company stock valued at $5,254,956 in the last ninety days. Corporate insiders own 0.02% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ACN shares. Guggenheim reduced their target price on Accenture from $400.00 to $395.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Baird R W raised Accenture from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 17th. Robert W. Baird upgraded Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 target price for the company in a research report on Monday, March 17th. StockNews.com downgraded shares of Accenture from a "buy" rating to a "hold" rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets lifted their price objective on shares of Accenture to $355.00 and gave the stock a "hold" rating in a research note on Wednesday, March 26th. Eight investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Accenture presently has a consensus rating of "Moderate Buy" and a consensus target price of $377.82.

Accenture Trading Down 1.1 %

ACN stock traded down $3.51 during midday trading on Tuesday, reaching $304.20. The company's stock had a trading volume of 2,717,473 shares, compared to its average volume of 2,982,925. The firm has a market capitalization of $190.53 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 3.23 and a beta of 1.35. Accenture plc has a 1 year low of $275.01 and a 1 year 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 has a fifty day simple moving average of $306.68 and a two-hundred day simple moving average of $343.86.

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 for the quarter, beating analysts' consensus estimates of $2.81 by $0.01. The company had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $2.77 EPS. On average, equities research analysts predict that Accenture plc will post 12.73 EPS for the current year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders 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 annualized dividend and a yield of 1.95%. Accenture's payout ratio is currently 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.