Global Retirement Partners LLC Has $2.63 Million Stock Position in Accenture PLC $ACN

Global Retirement Partners LLC boosted its holdings in shares of Accenture PLC (NYSE:ACN) by 45.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,803 shares of the information technology services provider’s stock after buying an additional 3,057 shares during the period. Global Retirement Partners LLC’s holdings in Accenture were worth $2,630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ACN. Capital International Investors boosted its position 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 valued at $4,223,839,000 after purchasing an additional 4,984,930 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in Accenture during the third quarter valued at $311,694,000. Capital World Investors acquired a new stake in Accenture during the third quarter valued at $268,578,000. First Trust Advisors LP boosted 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 purchasing an additional 943,371 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Accenture by 268.3% during the third quarter. AQR Capital Management LLC now owns 1,252,334 shares of the information technology services provider’s stock valued at $308,826,000 after purchasing an additional 912,348 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $177.14, for a total value of $863,026.08. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company’s stock.

Accenture Trading Up 0.8%

Accenture stock opened at $179.36 on Friday. 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’s 50-day simple moving average is $187.42 and its 200-day simple moving average is $228.79. The firm has a market capitalization of $119.35 billion, a PE ratio of 14.69, a PEG ratio of 1.69 and a beta of 1.08. Accenture PLC has a 52 week low of $155.82 and a 52 week high of $321.77.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Friday, March 20th. The information technology services provider reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. The business had revenue of $18.04 billion for 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 firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 earnings per share. Equities research analysts forecast that Accenture PLC will post 13.87 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 9th were paid a $1.63 dividend. The ex-dividend date was Thursday, April 9th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.6%. Accenture’s payout ratio is presently 53.40%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ACN shares. Morgan Stanley reduced their price objective on Accenture from $320.00 to $240.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Truist Financial reduced their price target on Accenture from $317.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Citigroup reduced their price target on Accenture from $266.00 to $215.00 and set a “neutral” rating for the company in a research report on Wednesday, February 25th. Royal Bank Of Canada reduced their price target on Accenture from $295.00 to $253.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Finally, Mizuho reduced their price target on Accenture from $309.00 to $280.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Seventeen 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, Accenture currently has a consensus rating of “Moderate Buy” and an average target price of $274.50.

Accenture Company 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.