35,958 Shares in Accenture PLC $ACN Acquired by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC bought a new stake in Accenture PLC (NYSE:ACN) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 35,958 shares of the information technology services provider’s stock, valued at approximately $10,170,000. Accenture makes up about 0.0% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 28th largest position.

Several other hedge funds also recently bought and sold shares of ACN. Board of the Pension Protection Fund acquired a new position in shares of Accenture in the 4th quarter valued at $27,000. Investors Research Corp raised its stake in Accenture by 73.8% during the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock worth $26,000 after buying an additional 45 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in Accenture by 132.6% during the third quarter. Harbor Capital Advisors Inc. now owns 107 shares of the information technology services provider’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Triumph Capital Management acquired a new position in Accenture in the third quarter valued at about $26,000. Finally, Davis Capital Management bought a new stake in shares of Accenture in the third quarter worth about $28,000. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Accenture

In other Accenture news, CEO Julie Spellman Sweet sold 6,057 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $241.23, for a total transaction of $1,461,130.11. Following the transaction, the chief executive officer owned 15,255 shares in the company, valued at $3,679,963.65. This represents a 28.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Joel Unruch sold 1,026 shares of the firm’s 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 in the company, valued at $7,656,887.70. This represents a 3.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 22,088 shares of company stock valued at $5,970,434. 0.02% of the stock is currently owned by insiders.

Accenture Stock Up 2.5%

NYSE:ACN opened at $197.43 on Tuesday. Accenture PLC has a twelve month low of $187.00 and a twelve month high of $325.71. The firm has a market capitalization of $131.38 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28. 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’s 50 day moving average price is $223.66 and its two-hundred day moving average price is $244.30.

Accenture (NYSE:ACN) last issued its 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 net margin of 10.61% and a return on equity of 26.33%. The business had revenue of $18.04 billion during the quarter, compared to the consensus estimate of $17.80 billion. During the same period last year, the business posted $2.82 EPS. Accenture’s revenue was up 7.8% on a year-over-year basis. Equities research analysts expect that Accenture PLC will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.3%. Accenture’s dividend payout ratio (DPR) is currently 53.40%.

Analyst Ratings Changes

Several research firms have recently weighed in on ACN. Evercore reiterated an “outperform” rating and set a $300.00 price objective on shares of Accenture in a report on Thursday, December 18th. JPMorgan Chase & Co. increased their target price on Accenture from $243.00 to $247.00 and gave the stock an “overweight” rating in a research note on Friday, March 20th. Truist Financial cut their price target on shares of Accenture from $317.00 to $260.00 and set a “buy” rating on the stock in a research note on Tuesday, March 10th. Mizuho lowered their price objective on shares of Accenture from $309.00 to $280.00 and set an “outperform” rating for the company in a research report on Monday, March 23rd. Finally, Rothschild & Co Redburn raised their price objective on shares of Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Eighteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $274.88.

Accenture Profile

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.