Lbp Am Sa Decreases Position in Accenture PLC $ACN

Lbp Am Sa cut its stake in shares of Accenture PLC (NYSE:ACNFree Report) by 17.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,913 shares of the information technology services provider’s stock after selling 18,972 shares during the period. Lbp Am Sa’s holdings in Accenture were worth $24,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. PFG Investments LLC raised its position in Accenture by 4.2% during the fourth quarter. PFG Investments LLC now owns 2,633 shares of the information technology services provider’s stock valued at $707,000 after purchasing an additional 105 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of Accenture in the fourth quarter worth approximately $200,000. Annex Advisory Services LLC purchased a new stake in shares of Accenture in the fourth quarter worth approximately $207,000. Cordatus Wealth Management LLC raised its holdings in shares of Accenture by 8.6% in the fourth quarter. Cordatus Wealth Management LLC now owns 10,423 shares of the information technology services provider’s stock worth $2,796,000 after buying an additional 825 shares during the period. Finally, MOKAN Wealth Management Inc. raised its holdings in shares of Accenture by 42.7% in the fourth quarter. MOKAN Wealth Management Inc. now owns 7,322 shares of the information technology services provider’s stock worth $1,964,000 after buying an additional 2,192 shares during the period. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Accenture Stock Up 1.9%

Shares of NYSE:ACN opened at $193.94 on Thursday. Accenture PLC has a 52-week low of $177.50 and a 52-week high of $325.71. The stock has a market cap of $129.06 billion, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 1.81 and a beta of 1.24. The business’s 50 day moving average is $205.84 and its 200 day moving average is $240.56. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings data on Friday, March 20th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.09. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The company had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.80 billion. During the same quarter in the prior year, the firm earned $2.82 earnings per share. Accenture’s revenue was up 7.8% compared to the same quarter last year. Sell-side analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $6.52 dividend on an annualized basis and a yield of 3.4%. Accenture’s dividend payout ratio (DPR) is 53.40%.

Analysts Set New Price Targets

ACN has been the topic of several recent analyst reports. Piper Sandler set a $282.00 price target on Accenture in a report on Thursday, March 5th. JPMorgan Chase & Co. increased their price target on Accenture from $243.00 to $247.00 and gave the stock an “overweight” rating in a report on Friday, March 20th. Guggenheim reduced their price target on Accenture from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Susquehanna increased their price target on Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Finally, Evercore reiterated an “outperform” rating and issued a $300.00 price target on shares of Accenture in a report on Thursday, December 18th. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $274.50.

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Key Accenture News

Here are the key news stories impacting Accenture this week:

Insider Buying and Selling at Accenture

In other Accenture news, CEO John F. Walsh sold 3,986 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the transaction, the chief executive officer owned 27,221 shares of the company’s stock, valued at approximately $7,523,339.98. This trade represents a 12.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Joel Unruch sold 1,026 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $281.70, for a total transaction of $289,024.20. Following the transaction, the general counsel directly owned 27,181 shares in the company, valued at $7,656,887.70. This trade represents a 3.64% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 15,331 shares of company stock worth $4,048,871. 0.02% of the stock is currently owned by company insiders.

Accenture Profile

(Free Report)

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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