Triglav Skladi D.O.O. Makes New Investment in Accenture PLC (NYSE:ACN)

Key Points

• Triglav Skladi D.O.O. has acquired 50,150 shares of Accenture PLC, valued at approximately $15.6 million, making it the company's 19th largest holding.
• The company recently announced a quarterly dividend of $1.48 per share, representing an annualized yield of 2.5%.
• Accenture reported a $3.49 EPS for the last quarter, surpassing analyst expectations and indicating a 7.7% increase in revenue year-over-year.

Triglav Skladi D.O.O. bought a new position in shares of Accenture PLC (NYSE:ACN - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,150 shares of the information technology services provider's stock, valued at approximately $15,649,000. Accenture accounts for about 1.3% of Triglav Skladi D.O.O.'s holdings, making the stock its 19th largest holding.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider's stock valued at $6,486,000 after purchasing an additional 4,905 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Accenture in the fourth quarter valued at approximately $317,000. SageView Advisory Group LLC boosted its holdings in shares of Accenture by 47.3% in the fourth quarter. SageView Advisory Group LLC now owns 2,429 shares of the information technology services provider's stock valued at $855,000 after acquiring an additional 780 shares during the period. CreativeOne Wealth LLC boosted its holdings in shares of Accenture by 13.6% in the fourth quarter. CreativeOne Wealth LLC now owns 5,194 shares of the information technology services provider's stock valued at $1,827,000 after acquiring an additional 623 shares during the period. Finally, Rossby Financial LCC acquired a new stake in shares of Accenture in the fourth quarter valued at approximately $202,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Angela Beatty sold 203 shares of the business's stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total transaction of $57,315.02. Following the transaction, the insider directly owned 5,249 shares of the company's stock, valued at approximately $1,482,002.66. The trade was a 3.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Mauro Macchi sold 500 shares of Accenture stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $282.34, for a total value of $141,170.00. Following the sale, the chief executive officer owned 2,283 shares in the company, valued at $644,582.22. This represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,954 shares of company stock valued at $834,280. Corporate insiders own 0.02% of the company's stock.

Accenture Stock Performance

NYSE ACN opened at $237.68 on Wednesday. The firm has a market capitalization of $148.87 billion, a P/E ratio of 18.92, a P/E/G ratio of 2.17 and a beta of 1.29. Accenture PLC has a 1-year low of $236.67 and a 1-year 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. The business's 50-day simple moving average is $288.13 and its 200-day simple moving average is $313.86.

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 for the quarter, beating the consensus estimate of $3.32 by $0.17. The business had revenue of $17.73 billion for the quarter, compared to analyst estimates of $17.26 billion. Accenture had a return on equity of 26.55% and a net margin of 11.61%. The company's revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.13 EPS. Equities analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 10th will be given a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $5.92 annualized dividend and a yield of 2.5%. Accenture's payout ratio is 47.13%.

Analysts Set New Price Targets

ACN has been the subject of several recent research reports. UBS Group reaffirmed a "buy" rating and set a $395.00 price target (up from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Hsbc Global Res raised Accenture to a "moderate sell" rating in a report on Monday, July 28th. Barclays decreased their price target on Accenture from $390.00 to $360.00 and set an "overweight" rating for the company in a report on Monday, June 23rd. Mizuho set a $348.00 price target on Accenture and gave the stock an "outperform" rating in a report on Tuesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Accenture in a report on Thursday, July 17th. They set a "hold" rating and a $290.00 price target for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $360.21.

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.

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