Intech Investment Management LLC Has $4.88 Million Stock Position in Accenture PLC $ACN

Intech Investment Management LLC reduced its position in shares of Accenture PLC (NYSE:ACN) by 57.1% in the 4th quarter, Holdings Channel reports. The firm owned 18,205 shares of the information technology services provider’s stock after selling 24,214 shares during the period. Intech Investment Management LLC’s holdings in Accenture were worth $4,884,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Board of the Pension Protection Fund acquired a new position in Accenture during the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC acquired a new position in Accenture during the fourth quarter valued at approximately $27,000. Triumph Capital Management acquired a new position in Accenture during the third quarter valued at approximately $26,000. Private Wealth Management Group LLC raised its position in Accenture by 96.4% during the fourth quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 53 shares in the last quarter. Finally, Steph & Co. increased its holdings in shares of Accenture by 107.5% during the fourth quarter. Steph & Co. now owns 110 shares of the information technology services provider’s stock worth $30,000 after buying an additional 57 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Accenture Stock Performance

Shares of Accenture stock opened at $187.32 on Monday. 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. The stock has a market cap of $124.65 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 1.77 and a beta of 1.09. The company’s fifty day moving average is $185.71 and its 200 day moving average is $226.37.

Accenture (NYSE:ACN) last issued its quarterly earnings data 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 company had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.80 billion. During the same quarter in the previous year, the firm posted $2.82 earnings per share. Accenture’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts forecast that Accenture PLC will post 13.87 EPS for the current year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 9th were paid a $1.63 dividend. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $6.52 annualized dividend and a dividend yield of 3.5%. Accenture’s payout ratio is currently 53.40%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ACN. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Accenture from $280.00 to $230.00 and set a “hold” rating for the company in a report on Friday, March 6th. Robert W. Baird lowered their price target on shares of Accenture from $330.00 to $265.00 and set an “outperform” rating for the company in a report on Friday, March 20th. TD Cowen lowered their price target on shares of Accenture from $282.00 to $275.00 and set a “buy” rating for the company in a report on Monday, March 16th. Mizuho lowered their price target on shares of Accenture from $309.00 to $280.00 and set an “outperform” rating for the company in a report on Monday, March 23rd. Finally, Royal Bank Of Canada lowered their price target on shares of Accenture from $295.00 to $253.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Seventeen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $274.50.

Insider Buying and Selling at Accenture

In related news, CEO Atsushi Egawa sold 4,872 shares of the business’s stock in a transaction on 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 owned 12,802 shares of the company’s stock, valued at $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 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.