Fort Washington Investment Advisors Inc. OH Has $39.57 Million Stock Holdings in Accenture PLC $ACN

Fort Washington Investment Advisors Inc. OH raised its stake in Accenture PLC (NYSE:ACNFree Report) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 147,471 shares of the information technology services provider’s stock after buying an additional 4,132 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Accenture were worth $39,566,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in Accenture in the 2nd quarter valued at $2,216,850,000. Capital International Investors increased its holdings in Accenture by 41.1% during the 3rd quarter. Capital International Investors now owns 17,128,134 shares of the information technology services provider’s stock worth $4,223,839,000 after purchasing an additional 4,984,930 shares in the last quarter. Voloridge Investment Management LLC bought a new position in shares of Accenture in the 3rd quarter valued at about $311,694,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Accenture by 12.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,147,796 shares of the information technology services provider’s stock valued at $2,502,446,000 after acquiring an additional 1,148,970 shares in the last quarter. Finally, Capital World Investors acquired a new stake in shares of Accenture in the third quarter valued at about $268,578,000. Institutional investors own 75.14% of the company’s stock.

Insiders Place Their Bets

In other news, General Counsel Joel Unruch sold 1,332 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $275.00, for a total value of $366,300.00. Following the transaction, the general counsel owned 28,207 shares of the company’s stock, valued at approximately $7,756,925. This represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Julie Spellman Sweet sold 6,057 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $241.23, for a total value of $1,461,130.11. Following the transaction, the chief executive officer owned 15,255 shares in the company, valued at approximately $3,679,963.65. This trade represents a 28.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,088 shares of company stock worth $5,970,434 in the last 90 days. Corporate insiders own 0.02% of the company’s stock.

Accenture Stock Performance

Shares of NYSE ACN opened at $196.35 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $120.87 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.82 and a beta of 1.27. Accenture PLC has a 12 month low of $187.00 and a 12 month high of $325.71. The stock has a 50 day moving average of $227.32 and a 200-day moving average of $245.11.

Accenture (NYSE:ACNGet Free Report) last announced its quarterly earnings results on Thursday, March 19th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.09. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The business had revenue of $18.04 billion during the quarter, compared to the consensus estimate of $17.80 billion. During the same quarter last year, the firm posted $2.82 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts predict that Accenture PLC will post 12.73 EPS for the current year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 9th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $6.52 annualized dividend and a dividend yield of 3.3%. Accenture’s payout ratio is presently 53.40%.

Wall Street Analyst Weigh In

Several brokerages recently commented on ACN. Truist Financial reduced their price target on Accenture from $317.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Royal Bank Of Canada dropped their price objective on Accenture from $295.00 to $253.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Accenture from $280.00 to $230.00 and set a “hold” rating for the company in a research note on Friday, March 6th. Susquehanna upped their price target on shares of Accenture from $270.00 to $277.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Finally, BMO Capital Markets decreased their price objective on shares of Accenture from $300.00 to $230.00 and set a “market perform” rating for the company in a research report on Friday, March 20th. Eighteen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $274.88.

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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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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