Czech National Bank Boosts Stake in Accenture PLC $ACN

Czech National Bank grew its stake in Accenture PLC (NYSE:ACNFree Report) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,522 shares of the information technology services provider’s stock after acquiring 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 quarter.

Several other large investors have also recently made changes to their positions in ACN. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. boosted its position in Accenture by 0.9% during the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 4,416 shares of the information technology services provider’s stock valued at $1,089,000 after purchasing an additional 41 shares in the last quarter. SkyView Investment Advisors LLC raised its holdings in Accenture by 1.2% in the second quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after purchasing an additional 43 shares in the last quarter. Investors Research Corp lifted its position in shares of Accenture by 73.8% during the third quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 45 shares during the last quarter. Firethorn Wealth Partners LLC boosted its holdings in shares of Accenture by 5.1% in the 4th quarter. Firethorn Wealth Partners LLC now owns 924 shares of the information technology services provider’s stock valued at $248,000 after buying an additional 45 shares in the last quarter. Finally, Precedent Wealth Partners LLC grew its position in shares of Accenture by 0.7% in the 4th quarter. Precedent Wealth Partners LLC now owns 6,771 shares of the information technology services provider’s stock worth $1,817,000 after buying an additional 46 shares during the last quarter. 75.14% of the stock is owned by institutional investors.

Accenture News Summary

Here are the key news stories impacting Accenture this week:

Analysts Set New Price Targets

A number of research firms recently commented on ACN. Royal Bank Of Canada decreased their target price on shares of Accenture from $295.00 to $253.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. HSBC raised Accenture from a “reduce” rating to a “hold” rating and set a $220.00 price target on the stock in a research report on Friday, March 20th. Morgan Stanley lowered their price objective on Accenture from $320.00 to $240.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Berenberg Bank assumed coverage on Accenture in a research note on Thursday, January 22nd. They set a “buy” rating and a $313.00 target price on the stock. Finally, Citigroup decreased their price target on Accenture from $266.00 to $215.00 and set a “neutral” rating for the company in a research note on Wednesday, February 25th. Eighteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $274.88.

Read Our Latest Research Report on ACN

Insider Activity

In other news, General Counsel Joel Unruch sold 1,026 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $281.70, for a total transaction of $289,024.20. Following the sale, the general counsel owned 27,181 shares of the company’s stock, valued at $7,656,887.70. This trade represents a 3.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Catherine Kiernan Hogan sold 660 shares of the business’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $280.93, for a total transaction of $185,413.80. Following the completion of the transaction, the chief operating officer owned 12,688 shares of the company’s stock, valued at approximately $3,564,439.84. This represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 22,088 shares of company stock valued at $5,970,434 over the last 90 days. Company insiders own 0.02% of the company’s stock.

Accenture Stock Down 0.8%

NYSE:ACN opened at $192.01 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.34 and a quick ratio of 1.34. The company’s fifty day moving average price is $229.16 and its 200-day moving average price is $245.45. Accenture PLC has a 1-year low of $187.00 and a 1-year high of $325.71. The firm has a market capitalization of $118.20 billion, a P/E ratio of 15.73, a PEG ratio of 1.84 and a beta of 1.27.

Accenture (NYSE:ACNGet Free Report) last posted its earnings results on Thursday, March 19th. 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 company had revenue of $18.04 billion during 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 firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.82 earnings per share. As a group, equities research analysts anticipate that Accenture PLC will post 12.73 EPS for the current year.

Accenture Dividend Announcement

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

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

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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