Two Sigma Advisers LP raised its holdings in shares of Accenture plc (NYSE:ACN - Free Report) by 14.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,500 shares of the information technology services provider's stock after acquiring an additional 1,100 shares during the quarter. Two Sigma Advisers LP's holdings in Accenture were worth $2,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. increased its holdings in shares of Accenture by 5.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 518 shares of the information technology services provider's stock worth $182,000 after buying an additional 28 shares during the period. FPC Investment Advisory Inc. boosted its position in shares of Accenture by 62.2% during the fourth quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock valued at $28,000 after buying an additional 28 shares during the last quarter. New England Professional Planning Group Inc. boosted its stake in shares of Accenture by 4.6% in the 4th quarter. New England Professional Planning Group Inc. now owns 655 shares of the information technology services provider's stock worth $230,000 after buying an additional 29 shares during the last quarter. Nemes Rush Group LLC grew its position in Accenture by 7.5% during the fourth quarter. Nemes Rush Group LLC now owns 418 shares of the information technology services provider's stock valued at $147,000 after buying an additional 29 shares during the period. Finally, Diversified Portfolios Inc. lifted its holdings in Accenture by 1.6% during the fourth quarter. Diversified Portfolios Inc. now owns 1,882 shares of the information technology services provider's stock valued at $662,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.
Accenture Stock Performance
NYSE:ACN traded down $1.02 during midday trading on Friday, reaching $316.71. 4,012,185 shares of the company traded hands, compared to its average volume of 2,972,621. Accenture plc has a twelve month low of $275.01 and a twelve month high of $398.35. 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 moving average price of $302.63 and a 200 day moving average price of $338.35. The firm has a market capitalization of $198.36 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35.
Accenture (NYSE:ACN - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. Accenture's revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.77 EPS. On average, analysts expect that Accenture plc will post 12.73 EPS for the current fiscal year.
Accenture Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 10th were issued a $1.48 dividend. The ex-dividend date was Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a yield of 1.87%. Accenture's dividend payout ratio is currently 48.89%.
Wall Street Analyst Weigh In
ACN has been the topic of a number of research analyst reports. UBS Group reissued a "buy" rating and issued a $395.00 price target (up from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Baird R W upgraded Accenture from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Robert W. Baird raised shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price target on the stock in a research note on Monday, March 17th. BMO Capital Markets increased their price objective on shares of Accenture to $355.00 and gave the company a "hold" rating in a research note on Wednesday, March 26th. Finally, Guggenheim decreased their price target on shares of Accenture from $400.00 to $395.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Seven 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, the company currently has an average rating of "Moderate Buy" and an average price target of $382.14.
Get Our Latest Research Report on Accenture
Insider Activity at Accenture
In related news, insider Angela Beatty sold 169 shares of Accenture stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.90, for a total value of $47,641.10. Following the completion of the transaction, the insider now directly owns 5,364 shares of the company's stock, valued at $1,512,111.60. The trade was 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, General Counsel Joel Unruch sold 3,563 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.78, for a total value of $1,003,982.14. Following the completion of the transaction, the general counsel now owns 17,237 shares in the company, valued at $4,857,041.86. The trade was a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,516 shares of company stock valued at $2,507,366. Insiders own 0.02% of the company's stock.
About Accenture
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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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