Penserra Capital Management LLC increased its position in Accenture PLC (NYSE:ACN - Free Report) by 29.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,360 shares of the information technology services provider's stock after buying an additional 11,834 shares during the quarter. Penserra Capital Management LLC's holdings in Accenture were worth $16,337,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Visionary Wealth Advisors increased its stake in shares of Accenture by 3.5% during the 4th quarter. Visionary Wealth Advisors now owns 778 shares of the information technology services provider's stock worth $274,000 after purchasing an additional 26 shares during the last quarter. Vivaldi Capital Management LP increased its stake in shares of Accenture by 3.6% during the 4th quarter. Vivaldi Capital Management LP now owns 782 shares of the information technology services provider's stock worth $292,000 after purchasing an additional 27 shares during the last quarter. Nemes Rush Group LLC increased its stake in shares of Accenture by 7.5% during the 4th quarter. Nemes Rush Group LLC now owns 418 shares of the information technology services provider's stock worth $147,000 after purchasing an additional 29 shares during the last quarter. United Community Bank increased its stake in shares of Accenture by 1.5% during the 4th quarter. United Community Bank now owns 2,069 shares of the information technology services provider's stock worth $728,000 after purchasing an additional 30 shares during the last quarter. Finally, Tradition Wealth Management LLC increased its stake in shares of Accenture by 0.3% during the 4th quarter. Tradition Wealth Management LLC now owns 10,981 shares of the information technology services provider's stock worth $3,863,000 after purchasing an additional 30 shares during the last quarter. 75.14% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Accenture
In other news, insider Angela Beatty sold 169 shares of the firm's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.90, for a total transaction of $47,641.10. Following the completion of the transaction, the insider owned 5,364 shares of the company's stock, valued at approximately $1,512,111.60. This trade represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Julie Spellman Sweet sold 2,284 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.63, for a total transaction of $643,242.92. Following the sale, the chief executive officer owned 9,965 shares of the company's stock, valued at approximately $2,806,442.95. This trade represents a 18.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,516 shares of company stock worth $2,507,366 over the last ninety days. Insiders own 0.02% of the company's stock.
Accenture Price Performance
ACN stock traded down $6.06 during trading on Wednesday, reaching $297.27. 3,169,362 shares of the company were exchanged, compared to its average volume of 2,902,994. The company has a 50-day moving average of $309.78 and a two-hundred day moving average of $328.62. The company has a market capitalization of $186.19 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 2.82 and a beta of 1.29. Accenture PLC has a twelve month low of $273.19 and a twelve month high of $398.35. 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 (NYSE:ACN - Get Free Report) last released its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.32 by $0.17. Accenture had a net margin of 11.61% and a return on equity of 26.55%. The business had revenue of $17.73 billion during the quarter, compared to analysts' expectations of $17.26 billion. During the same period in the prior year, the company earned $3.13 EPS. The firm's quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts predict that Accenture PLC will post 12.73 earnings per share for the current fiscal year.
Accenture Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 10th will be paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, July 10th. Accenture's payout ratio is currently 47.13%.
Wall Street Analyst Weigh In
ACN has been the topic of a number of research reports. Benchmark reiterated a "mixed" rating on shares of Accenture in a research note on Friday, June 20th. Royal Bank Of Canada lowered their price objective on Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Morgan Stanley lowered their price objective on Accenture from $340.00 to $325.00 and set an "equal weight" rating on the stock in a research report on Tuesday, June 24th. JPMorgan Chase & Co. boosted their price objective on shares of Accenture from $349.00 to $353.00 and gave the company an "overweight" rating in a report on Monday, June 16th. Finally, Wall Street Zen downgraded shares of Accenture from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Seven analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Accenture has a consensus rating of "Moderate Buy" and an average price target of $370.71.
Check Out Our Latest Stock Report on Accenture
About Accenture
(
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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