Tredje AP fonden Has $54.19 Million Stock Holdings in Accenture PLC $ACN

Tredje AP fonden grew its holdings in Accenture PLC (NYSE:ACN) by 37.7% during the fourth quarter, Holdings Channel reports. The firm owned 201,966 shares of the information technology services provider’s stock after acquiring an additional 55,266 shares during the quarter. Tredje AP fonden’s holdings in Accenture were worth $54,187,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Running Oak Capital LLC raised its stake in Accenture by 14.3% during the 3rd quarter. Running Oak Capital LLC now owns 57,541 shares of the information technology services provider’s stock worth $14,190,000 after buying an additional 7,190 shares during the period. Weitz Investment Management Inc. raised its stake in Accenture by 28.8% during the 3rd quarter. Weitz Investment Management Inc. now owns 160,550 shares of the information technology services provider’s stock worth $39,592,000 after buying an additional 35,900 shares during the period. Teacher Retirement System of Texas raised its stake in Accenture by 27.7% during the 4th quarter. Teacher Retirement System of Texas now owns 282,340 shares of the information technology services provider’s stock worth $75,752,000 after buying an additional 61,314 shares during the period. Public Sector Pension Investment Board raised its stake in Accenture by 180.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 404,680 shares of the information technology services provider’s stock worth $99,794,000 after buying an additional 260,357 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in Accenture by 197.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 141,484 shares of the information technology services provider’s stock worth $37,960,000 after buying an additional 93,880 shares during the period. 75.14% of the stock is owned by institutional investors and hedge funds.

Accenture Stock Performance

Shares of Accenture stock opened at $177.16 on Tuesday. The company has a market cap of $117.89 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.60 and a beta of 1.08. Accenture PLC has a 52 week low of $155.82 and a 52 week high of $322.86. The business has a 50 day moving average price of $189.74 and a 200-day moving average price of $230.64. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACN) last issued its quarterly earnings data 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 firm had revenue of $18.04 billion during 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%.The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.82 earnings per share. Equities analysts anticipate that Accenture PLC will post 13.87 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business 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 of this dividend was Thursday, April 9th. This represents a $6.52 annualized dividend and a dividend yield of 3.7%. Accenture’s dividend payout ratio is 53.40%.

Analyst Ratings Changes

A number of research firms recently weighed in on ACN. HSBC dropped their price target on Accenture from $220.00 to $210.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft dropped their price target on Accenture from $280.00 to $230.00 and set a “hold” rating on the stock in a research note on Friday, March 6th. Guggenheim dropped their price target on Accenture from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, March 20th. Citigroup cut their price target on Accenture from $266.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Finally, Mizuho cut their price target on Accenture from $309.00 to $280.00 and set an “outperform” rating for the company in a research note on Monday, March 23rd. Seventeen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and an average price target of $274.50.

Insider Activity at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of the 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 completion of the sale, the chief executive officer directly owned 12,802 shares of the company’s stock, valued at $2,267,746.28. This represents a 27.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently owned by company insiders.

About Accenture

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.