MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Accenture plc (NYSE:ACN - Free Report) by 9.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 309,338 shares of the information technology services provider's stock after buying an additional 26,752 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Accenture were worth $108,824,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ACN. 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 acquiring an additional 28 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Accenture in the 4th quarter valued at approximately $30,000. POM Investment Strategies LLC grew its position in shares of Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider's stock valued at $31,000 after purchasing an additional 34 shares during the period. Retirement Wealth Solutions LLC acquired a new position in shares of Accenture in the 4th quarter valued at approximately $34,000. Finally, Promus Capital LLC acquired a new position in shares of Accenture in the 4th quarter valued at approximately $34,000. 75.14% of the stock is owned by institutional investors.
Accenture Trading Down 1.8%
Accenture stock traded down $5.76 during trading hours on Friday, hitting $317.45. The stock had a trading volume of 3,967,388 shares, compared to its average volume of 2,993,760. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. The stock has a market cap of $198.83 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 3.23 and a beta of 1.35. Accenture plc has a one year low of $275.01 and a one year high of $398.35. The business's 50 day simple moving average is $302.81 and its 200-day simple moving average is $341.53.
Accenture (NYSE:ACN - Get Free Report) last posted its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. During the same period last year, the company earned $2.77 earnings per share. The business's quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts predict that Accenture plc will post 12.73 EPS for the current fiscal 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 given 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 1.86%. Accenture's dividend payout ratio (DPR) is 48.89%.
Insider Transactions at Accenture
In other news, CEO Julie Spellman Sweet sold 2,284 shares of Accenture stock in a transaction on Friday, April 11th. The shares were 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 $2,806,442.95. The trade was a 18.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO John F. Walsh sold 2,500 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total transaction of $812,500.00. Following the completion of the sale, the chief operating officer now owns 15,882 shares of the company's stock, valued at $5,161,650. The trade was a 13.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,516 shares of company stock worth $2,507,366 over the last ninety days. 0.02% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on ACN. Royal Bank of Canada decreased their price objective on Accenture from $399.00 to $392.00 and set an "outperform" rating for the company in a research report on Friday, March 21st. Baird R W raised Accenture from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 17th. BMO Capital Markets upped their price objective on shares of Accenture to $355.00 and gave the company a "hold" rating in a report on Wednesday, March 26th. StockNews.com lowered Accenture from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. Finally, Morgan Stanley decreased their price objective on Accenture from $380.00 to $372.00 and set an "equal weight" rating on the stock in a report on Monday, March 17th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $381.76.
Check Out Our Latest Analysis on Accenture
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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