Capital International Ltd. CA Boosts Stock Holdings in Accenture PLC $ACN

Capital International Ltd. CA boosted its position in Accenture PLC (NYSE:ACNFree Report) by 200.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,359 shares of the information technology services provider’s stock after purchasing an additional 9,581 shares during the period. Capital International Ltd. CA’s holdings in Accenture were worth $3,853,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of ACN. Triumph Capital Management purchased a new position in Accenture in the third quarter valued at approximately $26,000. Board of the Pension Protection Fund purchased a new position in Accenture in the fourth quarter valued at approximately $27,000. Laurel Wealth Advisors LLC purchased a new position in Accenture in the fourth quarter valued at approximately $27,000. Private Wealth Management Group LLC lifted its stake in Accenture by 96.4% in the fourth quarter. Private Wealth Management Group LLC now owns 108 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 53 shares during the last quarter. Finally, Steph & Co. lifted its position in shares of Accenture by 107.5% during the fourth quarter. Steph & Co. now owns 110 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. TD Cowen dropped their target price on Accenture from $282.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Royal Bank Of Canada dropped their target price on Accenture from $295.00 to $253.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. JPMorgan Chase & Co. increased their target price on Accenture from $243.00 to $247.00 and gave the stock an “overweight” rating in a research report on Friday, March 20th. The Goldman Sachs Group dropped their target price on Accenture from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, UBS Group restated a “buy” rating on shares of Accenture in a research report on Tuesday, March 17th. Seventeen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $265.54.

View Our Latest Report on ACN

Accenture Trading Up 0.1%

Shares of ACN stock opened at $178.45 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.34. Accenture PLC has a 52-week low of $155.82 and a 52-week high of $321.77. The company has a market capitalization of $118.75 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.69 and a beta of 1.09. The business’s fifty day moving average is $184.29 and its 200 day moving average is $224.23.

Accenture (NYSE:ACNGet Free Report) last issued its quarterly earnings data on Friday, March 20th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The company had revenue of $18.04 billion for the quarter, compared to the consensus estimate of $17.80 billion. During the same quarter last year, the business posted $2.82 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that Accenture PLC will post 13.88 EPS for the current fiscal year.

Accenture Dividend Announcement

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

Insider Activity

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

Key Accenture News

Here are the key news stories impacting Accenture this week:

About Accenture

(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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