Capstone Triton Financial Group LLC Increases Holdings in Accenture plc (NYSE:ACN)

Capstone Triton Financial Group LLC increased its holdings in shares of Accenture plc (NYSE:ACN - Free Report) by 43.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,732 shares of the information technology services provider's stock after acquiring an additional 822 shares during the quarter. Capstone Triton Financial Group LLC's holdings in Accenture were worth $961,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in 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 worth $21,246,236,000 after acquiring an additional 392,183 shares during the period. Geode Capital Management LLC increased its position in Accenture by 1.0% in 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 buying an additional 136,665 shares during the last quarter. Capital Research Global Investors increased its position in Accenture by 16.8% in the fourth 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 during the last quarter. Wellington Management Group LLP increased its position in Accenture by 22.8% in the fourth quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider's stock worth $4,283,225,000 after buying an additional 2,260,740 shares during the last quarter. Finally, Capital International Investors increased its position in Accenture by 2.2% in the fourth quarter. Capital International Investors now owns 8,513,140 shares of the information technology services provider's stock worth $2,994,922,000 after buying an additional 181,449 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO John F. Walsh sold 2,500 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total value of $812,500.00. Following the completion of the sale, the chief operating officer now owns 15,882 shares of the company's stock, valued at approximately $5,161,650. The trade was a 13.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Joel Unruch sold 3,563 shares of the business's stock in a transaction dated 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 sale, the general counsel now directly owns 17,237 shares of the company's stock, valued at approximately $4,857,041.86. This trade represents a 17.13% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,516 shares of company stock valued at $2,507,366. Insiders own 0.02% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on ACN. Royal Bank of Canada decreased their target price on Accenture from $399.00 to $392.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Piper Sandler decreased their target price on Accenture from $364.00 to $355.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. BMO Capital Markets raised their target price on Accenture to $355.00 and gave the stock a "hold" rating in a research report on Wednesday, March 26th. Wall Street Zen downgraded Accenture from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. Finally, Guggenheim decreased their target price on Accenture from $400.00 to $395.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Accenture has an average rating of "Moderate Buy" and an average target price of $382.14.

Accenture Price Performance

NYSE:ACN traded down $1.02 during trading hours on Friday, hitting $316.71. 4,012,185 shares of the company's stock traded hands, compared to its average volume of 2,988,259. The firm has a market cap of $198.36 billion, a P/E ratio of 26.57, a P/E/G ratio of 3.23 and a beta of 1.35. Accenture plc has a 52 week low of $275.01 and a 52 week high of $398.35. The business's fifty day simple moving average is $302.63 and its two-hundred day simple moving average is $338.74. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

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 (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 firm had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. During the same quarter in the previous year, the company posted $2.77 earnings per share. The company's revenue was up 5.7% compared to the same quarter last year. On average, research 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 was paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th were paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, April 10th. Accenture's dividend payout ratio (DPR) 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.