Accenture plc (NYSE:ACN) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp trimmed its stake in shares of Accenture plc (NYSE:ACN) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 342,235 shares of the information technology services provider’s stock after selling 2,161 shares during the quarter. Accenture comprises 1.1% of OMERS ADMINISTRATION Corp’s portfolio, making the stock its 29th largest position. OMERS ADMINISTRATION Corp’s holdings in Accenture were worth $120,395,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Baldwin Wealth Partners LLC MA boosted its position in shares of Accenture by 6.5% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock worth $22,314,000 after buying an additional 3,883 shares during the period. Davidson Trust Co. grew its holdings in Accenture by 7.4% during the fourth quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock worth $812,000 after acquiring an additional 158 shares during the period. China Universal Asset Management Co. Ltd. lifted its stake in Accenture by 37.5% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider’s stock valued at $1,088,000 after purchasing an additional 843 shares during the last quarter. SteelPeak Wealth LLC boosted its stake in shares of Accenture by 127.1% during the 4th quarter. SteelPeak Wealth LLC now owns 2,323 shares of the information technology services provider’s stock worth $817,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Capital Research Global Investors increased its stake in Accenture by 16.8% in the 4th quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider’s stock worth $4,325,526,000 after purchasing an additional 1,770,024 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ACN. BMO Capital Markets upped their price target on shares of Accenture to $355.00 and gave the company a “hold” rating in a research report on Wednesday, March 26th. UBS Group decreased their target price on Accenture from $455.00 to $387.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Barclays dropped their price target on Accenture from $415.00 to $390.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Morgan Stanley lowered their target price on Accenture from $380.00 to $372.00 and set an “equal weight” rating on the stock in a research note on Monday, March 17th. Finally, Baird R W raised shares of Accenture from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Eight analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $377.82.

Accenture Stock Up 4.7%

Shares of Accenture stock opened at $322.32 on Tuesday. The stock has a market capitalization of $201.88 billion, a P/E ratio of 27.04, a PEG ratio of 3.23 and a beta of 1.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 12-month low of $275.01 and a 12-month high of $398.35. The stock has a 50 day moving average price of $303.84 and a two-hundred day moving average price of $342.08.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. During the same quarter last year, the firm earned $2.77 EPS. Accenture’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts expect that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 1.84%. Accenture’s dividend payout ratio is currently 48.89%.

Insider Transactions at Accenture

In other Accenture news, General Counsel Joel Unruch sold 3,563 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the sale, the general counsel now owns 17,237 shares of the company’s stock, valued at $4,857,041.86. This represents a 17.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 2,284 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.63, for a total transaction of $643,242.92. Following the sale, the chief executive officer now directly owns 9,965 shares in the company, valued at $2,806,442.95. This trade represents a 18.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,016 shares of company stock valued at $1,694,866. Corporate insiders own 0.02% of the company’s stock.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.