Accenture PLC $ACN Holdings Raised by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. boosted its stake in Accenture PLC (NYSE:ACNFree Report) by 120.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,189 shares of the information technology services provider’s stock after buying an additional 9,375 shares during the period. Goelzer Investment Management Inc.’s holdings in Accenture were worth $4,612,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in Accenture by 36.2% in the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after purchasing an additional 4,905 shares during the period. Sivia Capital Partners LLC boosted its stake in Accenture by 46.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock valued at $618,000 after purchasing an additional 660 shares in the last quarter. United Bank increased its position in shares of Accenture by 49.8% during the 2nd quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock valued at $1,088,000 after purchasing an additional 1,209 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Accenture by 23.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 233,756 shares of the information technology services provider’s stock worth $69,867,000 after buying an additional 44,158 shares in the last quarter. Finally, Level Four Advisory Services LLC lifted its holdings in shares of Accenture by 15.4% in the second quarter. Level Four Advisory Services LLC now owns 3,234 shares of the information technology services provider’s stock valued at $967,000 after buying an additional 432 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Accenture

In other Accenture news, General Counsel Joel Unruch sold 1,332 shares of Accenture stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $275.00, for a total transaction of $366,300.00. Following the transaction, the general counsel directly owned 28,207 shares in the company, valued at approximately $7,756,925. The trade was a 4.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Melissa A. Burgum sold 3,588 shares of the business’s stock in a transaction on Monday, January 26th. The shares were 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 approximately $2,298,380.79. This trade represents a 30.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 22,088 shares of company stock worth $5,970,434. 0.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ACN shares. Royal Bank Of Canada lowered their target price on Accenture from $295.00 to $253.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Evercore reissued an “outperform” rating and issued a $300.00 price target on shares of Accenture in a report on Thursday, December 18th. Guggenheim lowered their price objective on shares of Accenture from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, March 20th. Robert W. Baird dropped their target price on shares of Accenture from $330.00 to $265.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Finally, HSBC raised shares of Accenture from a “reduce” rating to a “hold” rating and set a $220.00 target price for the company in a research note on Friday, March 20th. Eighteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $274.88.

Check Out Our Latest Research Report on ACN

Accenture Trading Down 1.9%

NYSE:ACN opened at $192.60 on Friday. The stock has a fifty day simple moving average of $225.44 and a 200 day simple moving average of $244.62. The firm has a market capitalization of $118.57 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27. Accenture PLC has a 1-year low of $187.00 and a 1-year high of $325.71. 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 posted its quarterly earnings data on Thursday, March 19th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.09. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The firm had revenue of $18.04 billion for the quarter, compared to the consensus estimate of $17.80 billion. During the same quarter in the previous year, the company earned $2.82 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts forecast that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Thursday, April 9th. Accenture’s dividend payout ratio is 53.40%.

Trending Headlines about Accenture

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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.

Further Reading

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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