Vise Technologies Inc. boosted its holdings in shares of Accenture plc (NYSE:ACN - Free Report) by 35.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,434 shares of the information technology services provider's stock after purchasing an additional 3,758 shares during the quarter. Vise Technologies Inc.'s holdings in Accenture were worth $5,078,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. increased its stake in shares of Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider's stock valued at $28,000 after buying an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in Accenture during the 4th quarter valued at about $30,000. Mpwm Advisory Solutions LLC acquired a new stake in shares of Accenture during the 4th quarter worth approximately $30,000. POM Investment Strategies LLC lifted its holdings in Accenture by 64.2% in the fourth quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock valued at $31,000 after buying an additional 34 shares during the period. Finally, Promus Capital LLC bought a new position in Accenture in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 75.14% of the company's stock.
Accenture Price Performance
Shares of ACN stock traded up $5.42 during trading on Tuesday, hitting $315.00. The company had a trading volume of 2,229,625 shares, compared to its average volume of 3,000,241. The firm has a market capitalization of $197.29 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The stock's 50-day moving average price is $301.76 and its 200 day moving average price is $339.65. Accenture plc has a one year low of $275.01 and a one year high of $398.35.
Accenture (NYSE:ACN - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.81 by $0.01. The firm had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.77 EPS. Equities analysts expect that Accenture plc will post 12.73 EPS for the current fiscal year.
Accenture Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th were paid a dividend of $1.48 per share. The ex-dividend date was Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.88%. Accenture's dividend payout ratio is currently 48.89%.
Insider Transactions at Accenture
In other news, insider Angela Beatty sold 169 shares of the business's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.90, for a total value of $47,641.10. Following the completion of the transaction, the insider now owns 5,364 shares of the company's stock, valued at $1,512,111.60. The trade was a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 2,284 shares of Accenture stock in a transaction that occurred 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 sale, the chief executive officer now owns 9,965 shares in the company, valued at $2,806,442.95. This represents a 18.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,516 shares of company stock worth $2,507,366 in the last quarter. Company insiders own 0.02% of the company's stock.
Analyst Ratings Changes
ACN has been the topic of several recent research reports. Mizuho reduced their price target on Accenture from $428.00 to $398.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 19th. Stifel Nicolaus lowered their price target on Accenture from $390.00 to $380.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Morgan Stanley decreased their price objective on shares of Accenture from $380.00 to $372.00 and set an "equal weight" rating for the company in a report on Monday, March 17th. Wall Street Zen lowered shares of Accenture from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Finally, UBS Group reissued a "buy" rating and issued a $395.00 price target (up previously from $390.00) on shares of Accenture in a report on Thursday, May 22nd. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $382.14.
View Our Latest Stock Report on ACN
Accenture Company Profile
(
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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