Accenture plc (NYSE:ACN) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in Accenture plc (NYSE:ACNFree Report) by 7.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 50,146 shares of the information technology services provider’s stock after buying an additional 3,685 shares during the quarter. Pacer Advisors Inc.’s holdings in Accenture were worth $17,641,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Morse Asset Management Inc acquired a new stake in Accenture in the 3rd quarter valued at about $25,000. MidAtlantic Capital Management Inc. acquired a new stake in Accenture during the third quarter valued at approximately $30,000. Retirement Wealth Solutions LLC acquired a new position in Accenture in the fourth quarter worth approximately $34,000. Mowery & Schoenfeld Wealth Management LLC lifted its position in shares of Accenture by 607.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 99 shares of the information technology services provider’s stock valued at $35,000 after acquiring an additional 85 shares during the last quarter. Finally, Berbice Capital Management LLC bought a new stake in shares of Accenture during the 4th quarter worth $35,000. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Stock Up 1.5 %

Shares of ACN stock opened at $378.61 on Wednesday. The company has a market capitalization of $236.93 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 3.20 and a beta of 1.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The stock’s 50 day simple moving average is $357.77 and its 200 day simple moving average is $348.54. Accenture plc has a twelve month low of $278.69 and a twelve month high of $387.51.

Accenture (NYSE:ACNGet Free Report) last issued its quarterly earnings data on Thursday, December 19th. The information technology services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.16. The business had revenue of $17.69 billion during the quarter, compared to analysts’ expectations of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. Accenture’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.27 earnings per share. As a group, research analysts predict that Accenture plc will post 12.69 EPS for the current year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a $5.92 annualized dividend and a dividend yield of 1.56%. Accenture’s dividend payout ratio is presently 49.66%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. BMO Capital Markets upped their target price on Accenture from $390.00 to $425.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Robert W. Baird reaffirmed a “neutral” rating and set a $370.00 price objective on shares of Accenture in a research note on Tuesday, December 3rd. UBS Group lifted their target price on shares of Accenture from $450.00 to $455.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. StockNews.com upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group upgraded shares of Accenture from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $370.00 to $420.00 in a research report on Friday, December 6th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Accenture has a consensus rating of “Moderate Buy” and a consensus target price of $383.74.

Get Our Latest Stock Report on ACN

Insider Activity at Accenture

In related news, CAO Melissa A. Burgum sold 1,487 shares of Accenture stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $354.54, for a total transaction of $527,200.98. Following the sale, the chief accounting officer now directly owns 9,247 shares of the company’s stock, valued at $3,278,431.38. This trade represents a 13.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryoji Sekido sold 3,191 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $343.70, for a total value of $1,096,746.70. Following the completion of the transaction, the chief executive officer now directly owns 6 shares of the company’s stock, valued at approximately $2,062.20. This trade represents a 99.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,446 shares of company stock worth $5,852,848 in the last 90 days. 0.02% of the stock is owned by company insiders.

Accenture Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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