Accenture plc (NYSE:ACN) Stock Position Increased by Capital International Inc. CA

Capital International Inc. CA raised its position in Accenture plc (NYSE:ACN) by 5.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 77,667 shares of the information technology services provider’s stock after acquiring an additional 3,669 shares during the quarter. Capital International Inc. CA’s holdings in Accenture were worth $27,322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in Accenture by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 60,394,657 shares of the information technology services provider’s stock worth $21,246,236,000 after acquiring an additional 392,183 shares during the period. Geode Capital Management LLC lifted its holdings in Accenture by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 13,528,348 shares of the information technology services provider’s stock worth $4,750,021,000 after purchasing an additional 136,665 shares during the period. Capital Research Global Investors grew its position in Accenture by 16.8% in the 4th quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider’s stock valued at $4,325,526,000 after buying an additional 1,770,024 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Accenture by 22.8% during the 4th quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider’s stock worth $4,283,225,000 after buying an additional 2,260,740 shares in the last quarter. Finally, Capital International Investors lifted its stake in shares of Accenture by 2.2% in the 4th quarter. Capital International Investors now owns 8,513,140 shares of the information technology services provider’s stock worth $2,994,922,000 after acquiring an additional 181,449 shares during the period. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ACN. Mizuho dropped their target price on Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a report on Wednesday, March 19th. Jefferies Financial Group cut their price objective on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. UBS Group lowered their target price on Accenture from $455.00 to $387.00 and set a “buy” rating on the stock in a report on Friday, March 21st. StockNews.com downgraded shares of Accenture from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets boosted their target price on shares of Accenture to $355.00 and gave the stock a “hold” rating in a report on Wednesday, March 26th. Eight analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $377.82.

Insider Activity

In other Accenture news, General Counsel Joel Unruch sold 4,750 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $362.78, for a total transaction of $1,723,205.00. Following the transaction, the general counsel now owns 20,526 shares in the company, valued at $7,446,422.28. This trade represents a 18.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Julie Spellman Sweet sold 2,284 shares of the business’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $281.63, for a total transaction of $643,242.92. Following the completion of the sale, the chief executive officer now owns 9,965 shares of the company’s stock, valued at $2,806,442.95. The trade was a 18.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,778 shares of company stock worth $8,408,087. 0.02% of the stock is owned by corporate insiders.

Accenture Trading Down 1.0 %

Accenture stock opened at $282.28 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 12 month low of $275.01 and a 12 month high of $398.35. The company’s fifty day simple moving average is $326.22 and its 200-day simple moving average is $349.73. The stock has a market cap of $176.80 billion, a P/E ratio of 23.68, a P/E/G ratio of 3.23 and a beta of 1.32.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.01. The company had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $2.77 EPS. As a group, sell-side analysts forecast that Accenture plc will post 12.73 EPS for the current fiscal year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be paid a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 2.10%. Accenture’s dividend payout ratio (DPR) is 48.89%.

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.