Czech National Bank Increases Position in Accenture PLC $ACN

Czech National Bank increased its holdings in Accenture PLC (NYSE:ACNFree Report) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 163,522 shares of the information technology services provider’s stock after buying an additional 5,330 shares during the quarter. Czech National Bank’s holdings in Accenture were worth $43,873,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after buying an additional 4,905 shares during the period. Sivia Capital Partners LLC grew its stake in 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 valued at $618,000 after acquiring an additional 660 shares during the period. United Bank increased its holdings in 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. Global Retirement Partners LLC acquired a new position in Accenture during the second quarter worth $2,658,000. Finally, Laurel Wealth Advisors LLC lifted its holdings in Accenture by 11,903.6% during the second quarter. Laurel Wealth Advisors LLC now owns 29,889 shares of the information technology services provider’s stock valued at $8,934,000 after purchasing an additional 29,640 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Accenture

Here are the key news stories impacting Accenture this week:

Insider Buying and Selling at Accenture

In other news, CEO Julie Spellman Sweet sold 6,057 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total value of $1,461,130.11. Following the transaction, the chief executive officer directly owned 15,255 shares in the company, valued at approximately $3,679,963.65. This represents a 28.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Joel Unruch sold 1,026 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $281.70, for a total transaction of $289,024.20. Following the transaction, the general counsel directly owned 27,181 shares of the company’s stock, valued at $7,656,887.70. The trade was a 3.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 22,088 shares of company stock valued at $5,970,434. 0.02% of the stock is currently owned by company insiders.

Accenture Price Performance

ACN stock opened at $192.01 on Thursday. Accenture PLC has a 52-week low of $187.00 and a 52-week high of $325.71. 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 stock has a market cap of $118.20 billion, a price-to-earnings ratio of 15.73, a price-to-earnings-growth ratio of 1.84 and a beta of 1.27. The business has a fifty day moving average of $229.16 and a two-hundred day moving average of $245.45.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings results on Thursday, March 19th. The information technology services provider reported $2.93 EPS for the quarter, beating the consensus estimate of $2.84 by $0.09. The business had revenue of $18.04 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.82 EPS. As a group, research analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, April 9th. Accenture’s dividend payout ratio (DPR) is 53.40%.

Analysts Set New Price Targets

ACN has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Accenture from $243.00 to $247.00 and gave the stock an “overweight” rating in a research note on Friday, March 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $330.00 price target on shares of Accenture in a research note on Thursday, December 18th. Robert W. Baird cut their price objective on Accenture from $330.00 to $265.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Wells Fargo & Company increased their target price on Accenture from $251.00 to $275.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Finally, HSBC raised Accenture from a “reduce” rating to a “hold” rating and set a $220.00 price target on the stock in a research note on Friday, March 20th. Eighteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $274.88.

Get Our Latest Stock Analysis on Accenture

Accenture Company Profile

(Free Report)

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.

See Also

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:ACNFree Report).

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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