Swan Global Investments LLC bought a new position in Accenture PLC (NYSE:ACN – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 681 shares of the information technology services provider’s stock, valued at approximately $204,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACN. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Accenture in the 1st quarter worth approximately $31,000. Inlight Wealth Management LLC purchased a new stake in Accenture in the 1st quarter worth approximately $32,000. RMG Wealth Management LLC bought a new position in shares of Accenture during the 2nd quarter valued at $33,000. WPG Advisers LLC bought a new position in shares of Accenture during the 1st quarter valued at $42,000. Finally, Cheviot Value Management LLC bought a new position in shares of Accenture during the 1st quarter valued at $43,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.
Accenture Stock Performance
NYSE:ACN opened at $238.46 on Monday. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The firm’s fifty day simple moving average is $246.78 and its 200 day simple moving average is $278.74. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $157.02 billion, a PE ratio of 19.63, a PEG ratio of 2.08 and a beta of 1.28.
Accenture Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be given a $1.63 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.52 annualized dividend and a yield of 2.7%. This is a positive change from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio (DPR) is 53.66%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on ACN. Guggenheim cut their price target on shares of Accenture from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Rothschild Redb downgraded shares of Accenture from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. Evercore ISI set a $280.00 price target on shares of Accenture in a report on Thursday, September 25th. TD Cowen cut their price target on shares of Accenture from $313.00 to $295.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Accenture in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell 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 $300.22.
Get Our Latest Research Report on Accenture
Accenture Profile
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.
See Also
- Five stocks we like better than Accenture
- Using the MarketBeat Dividend Tax Calculator
- JPMorgan Crushes Q3; But Is the Steady Eddy Stock Hitting A Wall?
- How to Calculate Stock Profit
- Snap-on Incorporated: Snap It Up Quick, New Highs Will Come Soon
- What is the Hang Seng index?
- As Global Renewables Surpass Coal, This ETF Offers Smart Exposure
Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN – Free Report).
Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.