Xponance LLC Increases Stock Position in Accenture PLC $ACN

Xponance LLC increased its position in Accenture PLC (NYSE:ACNFree Report) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,317 shares of the information technology services provider’s stock after purchasing an additional 6,442 shares during the quarter. Xponance LLC’s holdings in Accenture were worth $29,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new position in Accenture during the 4th quarter valued at $2,146,995,000. Capital International Investors boosted its stake in Accenture by 41.1% during the 3rd quarter. Capital International Investors now owns 17,128,134 shares of the information technology services provider’s stock valued at $4,223,839,000 after acquiring an additional 4,984,930 shares during the last quarter. Voloridge Investment Management LLC bought a new position in Accenture during the 3rd quarter valued at $311,694,000. Franklin Resources Inc. boosted its stake in Accenture by 15.9% during the 4th quarter. Franklin Resources Inc. now owns 8,173,338 shares of the information technology services provider’s stock valued at $2,192,907,000 after acquiring an additional 1,122,855 shares during the last quarter. Finally, Capital World Investors bought a new position in Accenture during the 3rd quarter valued at $268,578,000. 75.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Accenture from $247.00 to $201.00 and set an “overweight” rating on the stock in a research note on Monday. Wells Fargo & Company reduced their price objective on shares of Accenture from $275.00 to $248.00 and set an “overweight” rating on the stock in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Accenture from $210.00 to $199.00 and set a “hold” rating on the stock in a research note on Tuesday, June 2nd. Mizuho reduced their price objective on shares of Accenture from $309.00 to $280.00 and set an “outperform” rating on the stock in a research note on Monday, March 23rd. Finally, Guggenheim reduced their price objective on shares of Accenture from $250.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday. Seventeen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and an average target price of $259.89.

Read Our Latest Stock Analysis on Accenture

Accenture Trading Down 1.6%

Shares of NYSE:ACN opened at $167.69 on Friday. The company has a market cap of $111.59 billion, a PE ratio of 13.73, a P/E/G ratio of 1.62 and a beta of 1.08. The company’s 50-day moving average price is $182.33 and its 200 day moving average price is $222.20. Accenture PLC has a fifty-two week low of $155.82 and a fifty-two week high of $318.62. 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 issued its quarterly earnings data on Friday, March 20th. The information technology services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.09. The firm had revenue of $18.04 billion for the quarter, compared to the consensus estimate of $17.80 billion. Accenture had a net margin of 10.61% and a return on equity of 26.33%. Accenture’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $2.82 EPS. Sell-side analysts anticipate that Accenture PLC will post 13.87 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors 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 3.9%. Accenture’s dividend payout ratio (DPR) is currently 53.40%.

Insiders Place Their Bets

In related news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $177.14, for a total value of $863,026.08. Following the sale, the chief executive officer directly owned 12,802 shares in the company, valued at $2,267,746.28. This trade represents a 27.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 corporate insiders.

Accenture Company 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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