Mitsubishi UFJ Asset Management Co. Ltd. Has $339.11 Million Holdings in Accenture PLC $ACN

Mitsubishi UFJ Asset Management Co. Ltd. decreased its holdings in Accenture PLC (NYSE:ACN - Free Report) by 52.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,304,530 shares of the information technology services provider's stock after selling 1,419,814 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.21% of Accenture worth $339,113,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ACN. Running Oak Capital LLC lifted its holdings in Accenture by 14.3% in the third quarter. Running Oak Capital LLC now owns 57,541 shares of the information technology services provider's stock valued at $14,190,000 after buying an additional 7,190 shares during the period. Weitz Investment Management Inc. grew its holdings in Accenture by 28.8% during the 3rd quarter. Weitz Investment Management Inc. now owns 160,550 shares of the information technology services provider's stock worth $39,592,000 after acquiring an additional 35,900 shares during the period. Teacher Retirement System of Texas raised its position in shares of Accenture by 27.7% in the 4th quarter. Teacher Retirement System of Texas now owns 282,340 shares of the information technology services provider's stock worth $75,752,000 after acquiring an additional 61,314 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Accenture by 180.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 404,680 shares of the information technology services provider's stock valued at $99,794,000 after purchasing an additional 260,357 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Accenture by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,609,612 shares of the information technology services provider's stock valued at $396,930,000 after purchasing an additional 19,552 shares in the last quarter. 75.14% of the stock is owned by institutional investors.

Insider Activity

In other Accenture news, CEO Julie Spellman Sweet sold 6,057 shares of the company's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total value of $1,461,130.11. Following the completion of the sale, the chief executive officer directly owned 15,255 shares of the company's stock, valued at approximately $3,679,963.65. This represents a 28.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Atsushi Egawa sold 4,872 shares of the business's stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $177.14, for a total value of $863,026.08. Following the completion of the transaction, the chief executive officer owned 12,802 shares in the company, valued at $2,267,746.28. The trade was a 27.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ACN. TD Cowen dropped their price target on Accenture from $282.00 to $275.00 and set a "buy" rating on the stock in a research note on Monday, March 16th. JPMorgan Chase & Co. boosted their target price on shares of Accenture from $243.00 to $247.00 and gave the company an "overweight" rating in a research report on Friday, March 20th. Morgan Stanley cut their target price on shares of Accenture from $320.00 to $240.00 and set an "overweight" rating on the stock in a research note on Monday, March 16th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Accenture from $280.00 to $230.00 and set a "hold" rating for the company in a research note on Friday, March 6th. Finally, HSBC cut their price objective on shares of Accenture from $220.00 to $210.00 and set a "hold" rating on the stock in a research report on Tuesday, April 14th. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $274.50.

Accenture Stock Down 0.6%

Shares of NYSE:ACN opened at $179.10 on Wednesday. The business's 50 day moving average is $195.74 and its 200 day moving average is $235.35. Accenture PLC has a 12-month low of $173.56 and a 12-month high of $325.71. The stock has a market cap of $119.18 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 1.71 and a beta of 1.08. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN - Get Free Report) last released its quarterly earnings results on Friday, March 20th. The information technology services provider reported $2.93 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.09. The business had revenue of $18.04 billion during the quarter, compared to analyst estimates of $17.80 billion. Accenture had a return on equity of 26.33% and a net margin of 10.61%.Accenture's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.82 EPS. On average, sell-side analysts forecast that Accenture PLC will post 13.87 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be given a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, April 9th. Accenture's dividend payout ratio (DPR) is presently 53.40%.

About Accenture

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.

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