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Allianz SE Has $10.56 Million Stock Holdings in Accenture PLC (NYSE:ACN)

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Key Points

  • Allianz SE has sold 2,254 shares of Accenture PLC, reducing its position by 6.2%, leaving it with 33,840 shares valued at approximately $10.56 million.
  • Recent analyst ratings show a mix of outlooks for Accenture, with 15 buy ratings and a current average price target of $360.21.
  • Accenture has declared a quarterly dividend of $1.48, which will be paid on August 15th, representing an annual yield of 2.3%.
  • Want stock alerts on Accenture? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Allianz SE decreased its holdings in Accenture PLC (NYSE:ACN - Free Report) by 6.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,840 shares of the information technology services provider's stock after selling 2,254 shares during the quarter. Allianz SE's holdings in Accenture were worth $10,559,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider's stock worth $6,486,000 after purchasing an additional 4,905 shares during the last quarter. Westpac Banking Corp grew its holdings in Accenture by 8.0% during the fourth quarter. Westpac Banking Corp now owns 1,827 shares of the information technology services provider's stock worth $643,000 after purchasing an additional 136 shares during the period. Arete Wealth Advisors LLC boosted its position in Accenture by 7.5% during the fourth quarter. Arete Wealth Advisors LLC now owns 1,882 shares of the information technology services provider's stock worth $662,000 after purchasing an additional 131 shares during the period. KCM Investment Advisors LLC grew its stake in Accenture by 0.7% during the fourth quarter. KCM Investment Advisors LLC now owns 26,551 shares of the information technology services provider's stock worth $9,340,000 after buying an additional 174 shares in the last quarter. Finally, Aviva PLC lifted its holdings in shares of Accenture by 18.4% during the 4th quarter. Aviva PLC now owns 630,036 shares of the information technology services provider's stock worth $221,640,000 after acquiring an additional 97,722 shares during the period. Institutional investors own 75.14% of the company's stock.

Insider Activity at Accenture

In other Accenture news, COO John F. Walsh sold 2,500 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total transaction of $812,500.00. Following the transaction, the chief operating officer directly owned 15,882 shares in the company, valued at approximately $5,161,650. This represents a 13.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mauro Macchi sold 500 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $141,170.00. Following the transaction, the chief executive officer owned 2,283 shares of the company's stock, valued at approximately $644,582.22. This represents a 17.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,454 shares of company stock valued at $1,646,780 over the last ninety days. Company insiders own 0.02% of the company's stock.

Accenture Stock Performance

Shares of NYSE ACN traded down $6.78 during midday trading on Thursday, reaching $240.76. 2,308,793 shares of the company traded hands, compared to its average volume of 3,469,538. The company has a market cap of $150.79 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 2.25 and a beta of 1.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.46 and a quick ratio of 1.46. Accenture PLC has a 52 week low of $240.49 and a 52 week high of $398.35. The stock has a 50-day moving average price of $294.23 and a 200 day moving average price of $317.47.

Accenture (NYSE:ACN - Get Free Report) last issued its earnings results on Friday, June 20th. The information technology services provider reported $3.49 EPS for the quarter, topping the consensus estimate of $3.32 by $0.17. The business had revenue of $17.73 billion during the quarter, compared to analysts' expectations of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%. Accenture's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $3.13 earnings per share. Sell-side analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 10th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, July 10th. Accenture's dividend payout ratio is presently 47.13%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ACN. Mizuho set a $348.00 target price on shares of Accenture and gave the company an "outperform" rating in a research report on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft began coverage on shares of Accenture in a research report on Thursday, July 17th. They set a "hold" rating and a $290.00 price objective on the stock. Benchmark reiterated a "mixed" rating on shares of Accenture in a report on Friday, June 20th. Hsbc Global Res raised Accenture to a "moderate sell" rating in a research report on Monday, July 28th. Finally, Evercore ISI started coverage on shares of Accenture in a report on Thursday, July 17th. They set an "outperform" rating and a $330.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $360.21.

View Our Latest Research Report on ACN

Accenture 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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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