Accenture plc (NYSE:ACN) Shares Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC raised its position in shares of Accenture plc (NYSE:ACN) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,651 shares of the information technology services provider’s stock after acquiring an additional 144 shares during the quarter. Accenture makes up about 1.0% of Radnor Capital Management LLC’s holdings, making the stock its 17th largest holding. Radnor Capital Management LLC’s holdings in Accenture were worth $5,820,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Accenture by 0.7% during the fourth 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 acquiring an additional 392,183 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 acquiring an additional 136,665 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of 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 valued at $4,325,526,000 after acquiring an additional 1,770,024 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Accenture by 22.8% during the fourth quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider’s stock valued at $4,283,225,000 after acquiring an additional 2,260,740 shares during the last quarter. Finally, Capital International Investors raised its holdings in shares of Accenture by 2.2% during the fourth 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 last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity

In other news, insider Angela Beatty sold 169 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.90, for a total value of $47,641.10. Following the sale, the insider now directly owns 5,364 shares in the company, valued at approximately $1,512,111.60. This trade represents a 3.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Joel Unruch sold 3,563 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.78, for a total value of $1,003,982.14. Following the completion of the sale, the general counsel now owns 17,237 shares in the company, valued at approximately $4,857,041.86. The trade was a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,516 shares of company stock worth $2,507,366. Corporate insiders own 0.02% of the company’s stock.

Accenture Stock Up 0.7%

NYSE:ACN opened at $317.49 on Friday. 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’s fifty day moving average is $303.15 and its two-hundred day moving average is $337.25. Accenture plc has a 52 week low of $275.01 and a 52 week high of $398.35. The stock has a market capitalization of $198.85 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 3.23 and a beta of 1.33.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $16.70 billion for the quarter, compared to analysts’ expectations of $16.64 billion. During the same period in the prior year, the firm earned $2.77 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. Research analysts anticipate that Accenture plc will post 12.73 EPS for the current 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 paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Thursday, April 10th. Accenture’s payout ratio is currently 48.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ACN shares. Mizuho dropped their price target on Accenture from $428.00 to $398.00 and set an “outperform” rating for the company in a research report on Wednesday, March 19th. Morgan Stanley dropped their price target on Accenture from $380.00 to $372.00 and set an “equal weight” rating for the company in a research report on Monday, March 17th. Royal Bank of Canada dropped their price target 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 upgraded Accenture from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Finally, Wall Street Zen lowered Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and an average target price of $382.14.

About Accenture

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.