Tudor Financial Inc. Purchases New Holdings in Accenture PLC $ACN

Tudor Financial Inc. purchased a new stake in shares of Accenture PLC (NYSE:ACN) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 8,700 shares of the information technology services provider’s stock, valued at approximately $2,334,000. Accenture comprises 1.2% of Tudor Financial Inc.’s holdings, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ruane Cunniff & Goldfarb L.P. bought a new position in Accenture during the fourth quarter valued at about $253,120,000. Hyperion Capital Advisors LP bought a new position in Accenture during the fourth quarter valued at about $402,000. Wishbone Management LP bought a new position in Accenture during the fourth quarter valued at about $36,220,000. Wealthspire Advisors LLC increased its stake in Accenture by 30.0% during the fourth quarter. Wealthspire Advisors LLC now owns 90,396 shares of the information technology services provider’s stock valued at $24,253,000 after acquiring an additional 20,846 shares during the period. Finally, Howland Capital Management LLC increased its stake in Accenture by 18.1% during the fourth quarter. Howland Capital Management LLC now owns 16,999 shares of the information technology services provider’s stock valued at $4,561,000 after acquiring an additional 2,606 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ACN shares. TD Cowen lowered their price target on Accenture from $282.00 to $258.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. HSBC decreased their price objective on Accenture from $220.00 to $210.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Oppenheimer set a $201.00 price objective on Accenture in a report on Monday. Royal Bank Of Canada decreased their price objective on Accenture from $295.00 to $253.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Finally, UBS Group reaffirmed a “buy” rating on shares of Accenture in a report on Tuesday, March 17th. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $259.89.

Accenture Stock Up 1.4%

NYSE ACN opened at $169.95 on Friday. The company has a market capitalization of $113.09 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 1.59 and a beta of 1.08. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16. Accenture PLC has a 1-year low of $155.82 and a 1-year high of $317.30. The stock’s 50 day moving average is $181.79 and its two-hundred day moving average is $221.83.

Accenture (NYSE:ACN) last announced its 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. The business had revenue of $18.04 billion for the quarter, compared to the consensus estimate of $17.80 billion. Accenture had a return on equity of 26.33% and a net margin of 10.61%.Accenture’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.82 EPS. Equities analysts forecast that Accenture PLC will post 13.87 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 9th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, April 9th. Accenture’s payout ratio is presently 53.40%.

Insider Activity at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 12,802 shares of the company’s stock, valued at $2,267,746.28. The trade was a 27.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by insiders.

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.