8,684 Shares in Accenture PLC $ACN Purchased by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac purchased a new position in Accenture PLC (NYSE:ACN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 8,684 shares of the information technology services provider’s stock, valued at approximately $2,330,000.

Several other institutional investors also recently modified their holdings of ACN. Brighton Jones LLC increased its stake in shares of Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after acquiring an additional 4,905 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of Accenture by 46.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock worth $618,000 after acquiring an additional 660 shares in the last quarter. United Bank increased its stake in shares of Accenture by 49.8% in the 2nd quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock worth $1,088,000 after acquiring an additional 1,209 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Accenture by 23.0% in the 2nd quarter. Bank of Nova Scotia now owns 828 shares of the information technology services provider’s stock worth $247,000 after acquiring an additional 155 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its stake in shares of Accenture by 4.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 1,767 shares of the information technology services provider’s stock worth $528,000 after acquiring an additional 72 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Accenture Stock Performance

Shares of NYSE ACN opened at $187.32 on Friday. The firm’s 50-day moving average price is $185.71 and its 200-day moving average price is $226.50. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.16. The company has a market cap of $124.65 billion, a PE ratio of 15.34, 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 announced its quarterly earnings results on Friday, March 20th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The firm had revenue of $18.04 billion for the quarter, compared to the consensus estimate of $17.80 billion. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.82 EPS. As a group, analysts anticipate that Accenture PLC will post 13.87 EPS for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 9th were issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, April 9th. Accenture’s dividend payout ratio (DPR) is presently 53.40%.

Analyst Ratings Changes

Several brokerages recently issued reports on ACN. TD Cowen decreased their price target on shares of Accenture from $282.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, March 16th. HSBC cut their price objective on shares of Accenture from $220.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Guggenheim cut their price objective on shares of Accenture from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. BMO Capital Markets cut their price objective on shares of Accenture from $300.00 to $230.00 and set a “market perform” rating on the stock in a research report on Friday, March 20th. Finally, Robert W. Baird cut their price objective on shares of Accenture from $330.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Seventeen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $274.50.

Insider Activity

In other news, CEO Atsushi Egawa sold 4,872 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction of $863,026.08. Following the sale, the chief executive officer owned 12,802 shares of the company’s stock, valued at $2,267,746.28. This trade represents a 27.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is currently 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.