Accenture plc (NYSE:ACN) Stake Boosted by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Accenture plc (NYSE:ACNFree Report) by 100.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,751,531 shares of the information technology services provider’s stock after buying an additional 875,723 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Accenture were worth $614,615,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ACN. Norges Bank acquired a new stake in shares of Accenture in the 4th quarter valued at $2,061,490,000. Winslow Capital Management LLC acquired a new stake in shares of Accenture in the 4th quarter valued at $288,168,000. Generation Investment Management LLP acquired a new position in Accenture during the 4th quarter worth $286,220,000. Public Employees Retirement Association of Colorado acquired a new position in Accenture during the 4th quarter worth $263,421,000. Finally, Wellington Management Group LLP lifted its position in Accenture by 7.0% during the 3rd quarter. Wellington Management Group LLP now owns 11,034,666 shares of the information technology services provider’s stock worth $3,388,856,000 after acquiring an additional 720,647 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Trading Up 1.3 %

Shares of ACN stock traded up $3.66 during trading hours on Friday, hitting $285.98. 1,944,545 shares of the company were exchanged, compared to its average volume of 2,626,540. The company has a market capitalization of $191.82 billion, a PE ratio of 25.60, a PEG ratio of 3.11 and a beta of 1.21. Accenture plc has a 52 week low of $278.69 and a 52 week high of $387.51. The business has a 50 day moving average of $305.27 and a two-hundred day moving average of $338.98.

Accenture (NYSE:ACNGet Free Report) last released its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. The business had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.69 earnings per share. On average, research analysts forecast that Accenture plc will post 12.08 EPS for the current year.

Accenture Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th were paid a $1.29 dividend. This represents a $5.16 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Wednesday, April 10th. Accenture’s dividend payout ratio is currently 46.78%.

Insider Transactions at Accenture

In other news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the sale, the insider now owns 13,699 shares in the company, valued at approximately $4,208,606.78. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Accenture news, CFO Kathleen R. Mcclure sold 4,500 shares of Accenture stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $316.00, for a total value of $1,422,000.00. Following the completion of the sale, the chief financial officer now owns 42,781 shares in the company, valued at approximately $13,518,796. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the completion of the transaction, the insider now directly owns 13,699 shares in the company, valued at $4,208,606.78. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,083 shares of company stock worth $8,959,325. 0.07% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wedbush cut their target price on shares of Accenture from $400.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday. Citigroup cut their target price on shares of Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Redburn Atlantic boosted their target price on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Susquehanna restated a “neutral” rating and set a $360.00 price objective (down previously from $400.00) on shares of Accenture in a report on Thursday, March 21st. Finally, Morgan Stanley boosted their price objective on shares of Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a report on Monday, March 18th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Accenture presently has a consensus rating of “Moderate Buy” and a consensus price target of $367.50.

View Our Latest Analysis on ACN

About Accenture

(Free Report)

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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