National Pension Service lifted its stake in shares of Accenture PLC (NYSE:ACN – Free Report) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,410,982 shares of the information technology services provider’s stock after buying an additional 66,242 shares during the period. National Pension Service’s holdings in Accenture were worth $378,566,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Triumph Capital Management acquired a new stake in shares of Accenture during the 3rd quarter worth $26,000. Board of the Pension Protection Fund acquired a new stake in shares of Accenture during the 4th quarter worth $27,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Accenture during the 4th quarter worth $27,000. Private Wealth Management Group LLC grew its holdings in shares of Accenture by 96.4% during the 4th quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 53 shares in the last quarter. Finally, Steph & Co. grew its holdings in shares of Accenture by 107.5% during the 4th quarter. Steph & Co. now owns 110 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 57 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.
Accenture Stock Performance
NYSE:ACN opened at $178.33 on Friday. The stock’s 50-day simple moving average is $185.86 and its 200 day simple moving average is $226.77. The firm has a market capitalization of $118.67 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08. 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 PLC has a twelve month low of $155.82 and a twelve month high of $321.77.
Accenture Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 9th were given a $1.63 dividend. The ex-dividend date was Thursday, April 9th. This represents a $6.52 annualized dividend and a yield of 3.7%. Accenture’s dividend payout ratio (DPR) is currently 53.40%.
Analysts Set New Price Targets
Several analysts have recently issued reports on ACN shares. Truist Financial reduced their target price on Accenture from $317.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. TD Cowen reduced their price objective on Accenture from $282.00 to $275.00 and set a “buy” rating on the stock in a research note on Monday, March 16th. BMO Capital Markets reduced their price objective on Accenture from $300.00 to $230.00 and set a “market perform” rating on the stock in a research note on Friday, March 20th. Citigroup reduced their price objective on Accenture from $266.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Finally, HSBC reduced their price objective on Accenture from $220.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Accenture has an average rating of “Moderate Buy” and a consensus price target of $274.50.
Read Our Latest Analysis on Accenture
Insider Buying and Selling
In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $177.14, for a total value of $863,026.08. Following the completion of the transaction, the chief executive officer directly owned 12,802 shares in the company, valued at approximately $2,267,746.28. This trade represents a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.02% of the company’s stock.
Accenture Company Profile
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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