711,815 Shares in Accenture PLC $ACN Acquired by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI bought a new position in shares of Accenture PLC (NYSE:ACNFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 711,815 shares of the information technology services provider’s stock, valued at approximately $190,980,000. Accenture makes up approximately 2.1% of Fiduciary Management Inc. WI’s investment portfolio, making the stock its 10th biggest position.

Several other large investors also recently bought and sold shares of ACN. Norges Bank acquired a new stake in Accenture in the fourth quarter valued at approximately $2,146,995,000. Capital International Investors lifted its stake in Accenture by 41.1% during 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 Accenture during the third quarter worth $311,694,000. Capital World Investors bought a new position in Accenture during the third quarter worth $268,578,000. Finally, Pzena Investment Management LLC increased its holdings in shares of Accenture by 287.0% in the 4th quarter. Pzena Investment Management LLC now owns 1,307,722 shares of the information technology services provider’s stock worth $350,862,000 after acquiring an additional 969,792 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Key Accenture News

Here are the key news stories impacting Accenture this week:

Accenture Price Performance

Shares of Accenture stock opened at $178.45 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average price is $184.29 and its two-hundred day moving average price is $224.34. Accenture PLC has a 52 week low of $155.82 and a 52 week high of $321.77. The stock has a market cap of $118.75 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08.

Accenture (NYSE:ACNGet Free Report) last issued its quarterly earnings results on Friday, March 20th. The information technology services provider reported $2.93 EPS 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 firm had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.80 billion. During the same period in the previous year, the business earned $2.82 earnings per share. Accenture’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Accenture PLC will post 13.88 EPS for the current fiscal year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 9th were given a $1.63 dividend. The ex-dividend date was Thursday, April 9th. This represents a $6.52 annualized dividend and a yield of 3.7%. Accenture’s payout ratio is 53.40%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ACN shares. JPMorgan Chase & Co. boosted their target price on shares of Accenture from $243.00 to $247.00 and gave the company an “overweight” rating in a research note on Friday, March 20th. The Goldman Sachs Group reduced their price objective on shares of Accenture from $300.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday. UBS Group reaffirmed a “buy” rating on shares of Accenture in a report on Tuesday, March 17th. Morgan Stanley reduced their price objective on shares of Accenture from $320.00 to $240.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Finally, BMO Capital Markets reduced their price objective on shares of Accenture from $300.00 to $230.00 and set a “market perform” rating for the company in a report on Friday, March 20th. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $265.54.

View Our Latest Research Report on Accenture

Insider Buying and Selling

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the business’s stock in a transaction dated 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 directly owned 12,802 shares in the company, valued at approximately $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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.

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.

See Also

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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