Global X Japan Co. Ltd. Has $4.36 Million Stake in Accenture PLC $ACN

Global X Japan Co. Ltd. lifted its position in shares of Accenture PLC (NYSE:ACNFree Report) by 284.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,252 shares of the information technology services provider’s stock after acquiring an additional 12,026 shares during the quarter. Global X Japan Co. Ltd.’s holdings in Accenture were worth $4,360,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ACN. Investors Research Corp increased its holdings in shares of Accenture by 73.8% in the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 45 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Accenture by 132.6% in the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 61 shares in the last quarter. Triumph Capital Management acquired a new position in shares of Accenture during the 3rd quarter worth about $26,000. Board of the Pension Protection Fund bought a new stake in Accenture in the fourth quarter valued at approximately $27,000. Finally, Davis Capital Management acquired a new position in shares of Accenture in the third quarter valued at $28,000. 75.14% of the stock is owned by institutional investors.

Key Accenture News

Here are the key news stories impacting Accenture this week:

Insider Buying and Selling at Accenture

In other news, CEO Julie Spellman Sweet sold 6,057 shares of Accenture stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $241.23, for a total value of $1,461,130.11. Following the completion of the transaction, the chief executive officer directly owned 15,255 shares in the company, valued at approximately $3,679,963.65. The trade was a 28.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Melissa A. Burgum sold 3,588 shares of the company’s stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the sale, the chief accounting officer directly owned 8,179 shares in the company, valued at $2,298,380.79. This trade represents a 30.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,088 shares of company stock valued at $5,970,434 in the last three months. Insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley decreased their target price on shares of Accenture from $320.00 to $240.00 and set an “overweight” rating on the stock in a report on Monday, March 16th. Wolfe Research increased their target price on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Truist Financial decreased their price target on Accenture from $317.00 to $260.00 and set a “buy” rating for the company in a research note on Tuesday, March 10th. BMO Capital Markets cut 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Accenture from $243.00 to $247.00 and gave the stock an “overweight” rating in a research report on Friday, March 20th. Eighteen 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $274.88.

Get Our Latest Stock Report on Accenture

Accenture Stock Up 2.1%

ACN stock opened at $196.35 on Friday. The stock’s 50 day simple moving average is $227.32 and its 200 day simple moving average is $245.11. Accenture PLC has a fifty-two week low of $187.00 and a fifty-two week high of $325.71. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.34. The company has a market cap of $120.87 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.27.

Accenture (NYSE:ACNGet Free Report) last released its quarterly earnings data on Thursday, March 19th. The information technology services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The firm had revenue of $18.04 billion for the quarter, compared to analyst estimates of $17.80 billion. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $2.82 earnings per share. On average, research analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be given a dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $6.52 annualized dividend and a dividend yield of 3.3%. Accenture’s payout ratio is presently 53.40%.

Accenture 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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