OMERS ADMINISTRATION Corp Trims Position in Accenture plc (NYSE:ACN)

OMERS ADMINISTRATION Corp lowered its position in Accenture plc (NYSE:ACN - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 342,235 shares of the information technology services provider's stock after selling 2,161 shares during the period. Accenture comprises about 1.1% of OMERS ADMINISTRATION Corp's portfolio, making the stock its 29th largest position. OMERS ADMINISTRATION Corp owned about 0.05% of Accenture worth $120,395,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Accenture by 0.7% in 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 purchasing an additional 392,183 shares during the period. Geode Capital Management LLC grew its position in Accenture by 1.0% during the fourth 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 buying an additional 136,665 shares during the period. Capital Research Global Investors increased its holdings in Accenture by 16.8% during the fourth quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider's stock worth $4,325,526,000 after buying an additional 1,770,024 shares during the last quarter. Wellington Management Group LLP raised its position in Accenture by 22.8% in the fourth quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider's stock worth $4,283,225,000 after acquiring an additional 2,260,740 shares during the period. Finally, Capital International Investors grew 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 Stock Performance

Shares of NYSE ACN traded down $5.76 during midday trading on Friday, hitting $317.45. 3,967,388 shares of the company's stock traded hands, compared to its average volume of 2,993,760. The firm has a fifty day moving average of $302.81 and a 200 day moving average of $341.53. Accenture plc has a 1 year low of $275.01 and a 1 year high of $398.35. 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 has a market capitalization of $198.83 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35.

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 for the quarter, beating analysts' consensus estimates of $2.81 by $0.01. The firm had revenue of $16.70 billion for the quarter, compared to analysts' expectations of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business's quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.77 EPS. On average, analysts forecast that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, April 10th were paid a dividend of $1.48 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $5.92 annualized dividend and a yield of 1.86%. Accenture's payout ratio is 48.89%.

Insider Buying and Selling at Accenture

In other Accenture news, insider Angela Beatty sold 169 shares of the 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 now owns 5,364 shares in the company, valued at $1,512,111.60. This trade represents a 3.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO John F. Walsh sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total value of $812,500.00. Following the sale, the chief operating officer now directly owns 15,882 shares in the company, 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. In the last ninety days, insiders have sold 8,516 shares of company stock worth $2,507,366. Insiders own 0.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays reduced their target price 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. UBS Group lowered their target price on shares of Accenture from $455.00 to $387.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Jefferies Financial Group cut their price target on Accenture from $385.00 to $355.00 and set a "hold" rating for the company in a report on Tuesday, January 21st. Royal Bank of Canada decreased their price objective on Accenture from $399.00 to $392.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Finally, Mizuho reduced their target price on Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a report on Wednesday, March 19th. Seven research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $381.76.

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.