Sone Capital Management LLC purchased a new position in shares of Accenture plc (NYSE:ACN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 17,581 shares of the information technology services provider's stock, valued at approximately $6,185,000.
A number of other hedge funds have also bought and sold shares of ACN. Vanguard Group Inc. lifted its position in shares of Accenture by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 60,394,657 shares of the information technology services provider's stock valued at $21,246,236,000 after acquiring an additional 392,183 shares during the period. Geode Capital Management LLC lifted its position in shares of Accenture by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 13,528,348 shares of the information technology services provider's stock valued at $4,750,021,000 after acquiring an additional 136,665 shares during the period. Capital Research Global Investors lifted its position in shares of Accenture by 16.8% during the 4th quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider's stock valued at $4,325,526,000 after acquiring an additional 1,770,024 shares during the period. Wellington Management Group LLP lifted its position in shares of Accenture by 22.8% during the 4th quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider's stock valued at $4,283,225,000 after acquiring an additional 2,260,740 shares during the period. Finally, Capital International Investors lifted its position in shares of Accenture by 2.2% during the 4th quarter. Capital International Investors now owns 8,513,140 shares of the information technology services provider's stock valued at $2,994,922,000 after acquiring an additional 181,449 shares during the period. 75.14% of the stock is owned by institutional investors.
Accenture Trading Down 2.2%
Shares of NYSE:ACN traded down $6.94 during midday trading on Friday, hitting $309.51. 2,946,692 shares of the stock traded hands, compared to its average volume of 2,995,498. The stock has a market capitalization of $193.86 billion, a PE ratio of 25.97, a P/E/G ratio of 3.23 and a beta of 1.35. The business's 50 day moving average is $302.06 and its two-hundred day moving average is $340.22. Accenture plc has a one year low of $275.01 and a one year high of $398.35. 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 posted 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. The firm had revenue of $16.70 billion during the quarter, compared to analyst estimates of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. Accenture's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.77 EPS. As a group, research analysts forecast that Accenture plc will post 12.73 earnings per share for the current year.
Accenture Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th were paid a $1.48 dividend. The ex-dividend date was Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 1.91%. Accenture's dividend payout ratio (DPR) is 48.89%.
Analyst Ratings Changes
ACN has been the topic of a number of recent analyst reports. Robert W. Baird raised shares of Accenture from a "neutral" rating to an "outperform" rating and set a $390.00 price objective on the stock in a research note on Monday, March 17th. Morgan Stanley reduced their price objective on Accenture from $380.00 to $372.00 and set an "equal weight" rating on the stock in a research report on Monday, March 17th. Barclays dropped their price target on shares of Accenture from $415.00 to $390.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Baird R W upgraded Accenture from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, UBS Group reissued a "buy" rating and issued a $395.00 price objective (up from $390.00) on shares of Accenture in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $382.14.
Check Out Our Latest Research Report on ACN
Insider Transactions at Accenture
In other Accenture news, General Counsel Joel Unruch sold 3,563 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the sale, the general counsel now directly owns 17,237 shares in the company, valued at $4,857,041.86. This represents a 17.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 value of $643,242.92. Following the completion of the sale, the chief executive officer now owns 9,965 shares in the company, valued at approximately $2,806,442.95. The trade was a 18.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,516 shares of company stock worth $2,507,366 in the last three months. Corporate insiders own 0.02% of the company's stock.
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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