DecisionMap Wealth Management LLC raised its position in shares of Accenture PLC (NYSE:ACN – Free Report) by 6.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,324 shares of the information technology services provider’s stock after purchasing an additional 150 shares during the period. DecisionMap Wealth Management LLC’s holdings in Accenture were worth $695,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Truist Financial Corp boosted its stake in shares of Accenture by 7.0% during the second quarter. Truist Financial Corp now owns 436,202 shares of the information technology services provider’s stock valued at $130,376,000 after purchasing an additional 28,685 shares in the last quarter. Redwood Investments LLC lifted its holdings in Accenture by 6.2% during the first quarter. Redwood Investments LLC now owns 22,087 shares of the information technology services provider’s stock worth $6,892,000 after buying an additional 1,287 shares during the period. Lipe & Dalton boosted its position in Accenture by 2,087.4% during the 1st quarter. Lipe & Dalton now owns 5,031 shares of the information technology services provider’s stock valued at $1,570,000 after acquiring an additional 4,801 shares in the last quarter. PDS Planning Inc raised its position in shares of Accenture by 34.7% in the 2nd quarter. PDS Planning Inc now owns 4,055 shares of the information technology services provider’s stock worth $1,212,000 after acquiring an additional 1,044 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Accenture by 6.4% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,887 shares of the information technology services provider’s stock worth $21,187,000 after purchasing an additional 4,281 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.
Accenture Trading Up 1.6%
NYSE ACN opened at $242.31 on Tuesday. Accenture PLC has a 12-month low of $229.40 and a 12-month high of $398.35. The company has a fifty day simple moving average of $246.85 and a two-hundred day simple moving average of $278.44. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. The stock has a market cap of $159.55 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.08 and a beta of 1.28.
Accenture Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be given a $1.63 dividend. This is an increase from Accenture’s previous quarterly dividend of $1.48. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, October 10th. Accenture’s payout ratio is currently 53.66%.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on ACN. Rothschild Redb lowered Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Evercore ISI set a $280.00 price objective on shares of Accenture in a research report on Thursday, September 25th. Barclays decreased their target price on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating for the company in a research report on Monday, June 23rd. Royal Bank Of Canada cut their price target on shares of Accenture from $372.00 to $285.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Finally, Susquehanna decreased their price objective on Accenture from $330.00 to $270.00 and set a “neutral” rating for the company in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.22.
Get Our Latest Research Report on ACN
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.
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