ABN Amro Investment Solutions raised its position in Accenture PLC (NYSE:ACN – Free Report) by 27.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,888 shares of the information technology services provider’s stock after purchasing an additional 14,823 shares during the quarter. ABN Amro Investment Solutions’ holdings in Accenture were worth $18,483,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of ACN. Brighton Jones LLC boosted its holdings in Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after purchasing an additional 4,905 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Accenture by 46.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock valued at $618,000 after purchasing an additional 660 shares during the last quarter. United Bank boosted its holdings in Accenture by 49.8% in the 2nd quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock valued at $1,088,000 after purchasing an additional 1,209 shares during the last quarter. Bank of Nova Scotia boosted its holdings in Accenture by 23.0% in the 2nd quarter. Bank of Nova Scotia now owns 828 shares of the information technology services provider’s stock valued at $247,000 after purchasing an additional 155 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in Accenture by 4.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 1,767 shares of the information technology services provider’s stock valued at $528,000 after purchasing an additional 72 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction of $863,026.08. Following the sale, the chief executive officer directly owned 12,802 shares of the company’s stock, valued at $2,267,746.28. This represents a 27.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by insiders.
Analysts Set New Price Targets
Accenture Price Performance
Accenture stock opened at $179.12 on Thursday. The company’s 50 day simple moving average is $188.33 and its 200-day simple moving average is $229.64. The company has a market capitalization of $119.19 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 1.68 and a beta of 1.08. Accenture PLC has a 1 year low of $155.82 and a 1 year high of $322.86. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.34.
Accenture (NYSE:ACN – Get Free Report) last announced its earnings results on Friday, March 20th. The information technology services provider reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.09. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The firm had revenue of $18.04 billion for the quarter, compared to the consensus estimate of $17.80 billion. During the same period in the prior year, the firm earned $2.82 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities research analysts expect that Accenture PLC will post 13.87 earnings per share for the current year.
Accenture Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 9th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, April 9th. Accenture’s dividend payout ratio is presently 53.40%.
About Accenture
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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