Free Trial

Capital International Sarl Has $10.31 Million Stake in Accenture PLC $ACN

Accenture logo with Computer and Technology background
Image from MarketBeat Media, LLC.

Key Points

  • Capital International Sarl more than doubled its Accenture stake in the fourth quarter, buying an additional 19,238 shares and bringing its holding to 38,425 shares valued at about $10.31 million.
  • Accenture continues to draw mixed analyst attention: several firms cut price targets, but the stock still carries a Moderate Buy consensus with 17 Buy ratings and an average target price of $265.54.
  • The company posted solid recent results, with earnings and revenue both beating estimates, and it also pays a quarterly dividend of $1.63 per share, implying an annual yield of about 3.7%.
  • Five stocks to consider instead of Accenture.

Capital International Sarl increased its position in Accenture PLC (NYSE:ACN - Free Report) by 100.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 38,425 shares of the information technology services provider's stock after purchasing an additional 19,238 shares during the period. Capital International Sarl's holdings in Accenture were worth $10,309,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ACN. Triumph Capital Management acquired a new stake in shares of Accenture during the 3rd quarter valued at $26,000. Board of the Pension Protection Fund acquired a new stake in shares of Accenture during the 4th quarter valued at $27,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Accenture during the 4th quarter valued at $27,000. Private Wealth Management Group LLC boosted its stake in shares of Accenture by 96.4% during the 4th quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider's stock valued at $29,000 after buying an additional 53 shares during the period. Finally, Steph & Co. boosted its stake in shares of Accenture by 107.5% during the 4th quarter. Steph & Co. now owns 110 shares of the information technology services provider's stock valued at $30,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 75.14% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ACN shares. Morgan Stanley decreased their target price on shares of Accenture from $320.00 to $240.00 and set an "overweight" rating for the company in a research note on Monday, March 16th. Citigroup decreased their target price on shares of Accenture from $215.00 to $195.00 and set a "neutral" rating for the company in a research note on Monday, June 1st. TD Cowen cut their price target on shares of Accenture from $282.00 to $275.00 and set a "buy" rating on the stock in a report on Monday, March 16th. UBS Group restated a "buy" rating on shares of Accenture in a report on Tuesday, March 17th. Finally, Royal Bank Of Canada cut their price target on shares of Accenture from $295.00 to $253.00 and set an "outperform" rating on the stock in a report on Friday, March 20th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $265.54.

Get Our Latest Research Report on ACN

Insider Buying and Selling

In related news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total value of $863,026.08. Following the transaction, the chief executive officer owned 12,802 shares in the company, valued at $2,267,746.28. This trade represents a 27.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by company insiders.

Accenture Stock Up 0.1%

Accenture stock opened at $178.45 on Monday. The company has a market capitalization of $118.75 billion, a P/E ratio of 14.62, a P/E/G ratio of 1.69 and a beta of 1.09. Accenture PLC has a 1-year low of $155.82 and a 1-year high of $321.77. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16. The firm's fifty day simple moving average is $184.29 and its 200-day simple moving average is $224.23.

Accenture (NYSE:ACN - Get Free Report) last announced its earnings results on Friday, March 20th. The information technology services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.84 by $0.09. The firm had revenue of $18.04 billion for the quarter, compared to the consensus estimate of $17.80 billion. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The business's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.82 EPS. Sell-side analysts forecast that Accenture PLC will post 13.88 earnings per share for the current fiscal year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 9th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 3.7%. The ex-dividend date was Thursday, April 9th. Accenture's dividend payout ratio (DPR) is 53.40%.

Accenture News Summary

Here are the key news stories impacting Accenture this week:

Accenture Company Profile

(Free Report)

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.

See Also

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN - Free Report).

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Accenture Right Now?

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

Don't Wait for the OpenAI IPO Cover

The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines