3,501 Shares in Accenture PLC $ACN Acquired by Rayburn West Financial Services LLC

Rayburn West Financial Services LLC acquired a new position in Accenture PLC (NYSE:ACN) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,501 shares of the information technology services provider’s stock, valued at approximately $939,000.

Several other institutional investors also recently modified their holdings of ACN. Capital International Investors increased its position in shares of Accenture by 41.1% in the third quarter. Capital International Investors now owns 17,128,134 shares of the information technology services provider’s stock worth $4,223,839,000 after purchasing an additional 4,984,930 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of Accenture in the third quarter worth approximately $311,694,000. Massachusetts Financial Services Co. MA increased its position in shares of Accenture by 12.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock worth $2,502,446,000 after purchasing an additional 1,148,970 shares during the last quarter. Capital World Investors bought a new position in Accenture during the third quarter valued at approximately $268,578,000. Finally, First Trust Advisors LP grew its position in Accenture by 85.9% during the third quarter. First Trust Advisors LP now owns 2,041,945 shares of the information technology services provider’s stock valued at $503,544,000 after acquiring an additional 943,371 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $177.14, for a total transaction of $863,026.08. Following the completion of the sale, the chief executive officer owned 12,802 shares of the company’s stock, valued at approximately $2,267,746.28. This represents a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. BMO Capital Markets reduced their price target on shares of Accenture from $300.00 to $230.00 and set a “market perform” rating on the stock in a research report on Friday, March 20th. Guggenheim reduced their price target on shares of Accenture from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. Berenberg Bank assumed coverage on shares of Accenture in a research report on Thursday, January 22nd. They set a “buy” rating and a $313.00 price target on the stock. Piper Sandler set a $282.00 price target on shares of Accenture in a research report on Thursday, March 5th. Finally, Wells Fargo & Company increased their price target on shares of Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $274.50.

Accenture Stock Performance

NYSE:ACN opened at $159.68 on Thursday. The firm has a market cap of $106.26 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 1.61 and a beta of 1.08. Accenture PLC has a fifty-two week low of $155.82 and a fifty-two week high of $324.00. 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 business has a 50 day moving average price of $192.27 and a 200-day moving average price of $232.35.

Accenture (NYSE:ACN) last released its quarterly earnings data on Friday, March 20th. 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 during the quarter, compared to analyst estimates of $17.80 billion. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.82 earnings per share. Equities research analysts predict that Accenture PLC will post 13.87 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 9th will be paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, April 9th. Accenture’s dividend payout ratio is 53.40%.

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.