Sompo Japan Nipponkoa Asset Management CO. LTD. increased its holdings in Accenture Plc (NYSE:ACN) by 527.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,190 shares of the information technology services provider’s stock after purchasing an additional 15,290 shares during the quarter. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Accenture were worth $2,970,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Total Clarity Wealth Management Inc. bought a new stake in shares of Accenture in the fourth quarter worth $26,000. Exchange Traded Concepts LLC bought a new stake in shares of Accenture in the fourth quarter worth $28,000. BerganKDV Wealth Management LLC grew its stake in shares of Accenture by 136.1% in the fourth quarter. BerganKDV Wealth Management LLC now owns 144 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 83 shares during the last quarter. Islay Capital Management LLC bought a new stake in shares of Accenture in the fourth quarter worth $31,000. Finally, Mark Sheptoff Financial Planning LLC grew its stake in shares of Accenture by 200.0% in the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 150 shares of the information technology services provider’s stock worth $32,000 after purchasing an additional 100 shares during the last quarter. 74.31% of the stock is currently owned by institutional investors.
Shares of ACN traded up $0.21 on Friday, reaching $193.71. The company’s stock had a trading volume of 1,317,507 shares, compared to its average volume of 2,188,446. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.17. Accenture Plc has a twelve month low of $137.15 and a twelve month high of $216.39. The stock has a market capitalization of $123.00 billion, a PE ratio of 25.26, a PEG ratio of 2.56 and a beta of 1.05. The firm has a fifty day moving average of $176.96 and a 200-day moving average of $191.64.
Accenture (NYSE:ACN) last posted its earnings results on Thursday, March 19th. The information technology services provider reported $1.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.19. Accenture had a net margin of 11.13% and a return on equity of 32.87%. The company had revenue of $11.14 billion for the quarter, compared to analyst estimates of $11.10 billion. During the same quarter in the prior year, the business posted $1.73 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts anticipate that Accenture Plc will post 7.57 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 16th were issued a $0.80 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.65%. Accenture’s dividend payout ratio is presently 43.48%.
Several analysts recently weighed in on the stock. Cowen reduced their price objective on shares of Accenture from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. JPMorgan Chase & Co. cut their price target on shares of Accenture from $227.00 to $188.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 17th. BNP Paribas started coverage on shares of Accenture in a research report on Wednesday, April 15th. They set an “outperform” rating and a $215.00 price target on the stock. Citigroup cut their price target on shares of Accenture from $200.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. Finally, UBS Group cut their price target on shares of Accenture from $205.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nineteen have assigned a buy rating to the company. Accenture presently has a consensus rating of “Buy” and an average price target of $208.89.
In other Accenture news, insider Jean-Marc Ollagnier sold 4,499 shares of the stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $175.21, for a total value of $788,269.79. Following the completion of the sale, the insider now owns 180,110 shares in the company, valued at approximately $31,557,073.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman David Rowland sold 2,119 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $178.63, for a total transaction of $378,516.97. Following the completion of the sale, the chairman now owns 15,238 shares of the company’s stock, valued at approximately $2,721,963.94. The disclosure for this sale can be found here. Insiders sold a total of 23,221 shares of company stock worth $4,169,477 in the last 90 days. 0.10% of the stock is currently owned by company insiders.
Accenture Company Profile
Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.
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