Windsor Group LTD lessened its holdings in Accenture plc (NYSE:ACN – Get Rating) by 2.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,305 shares of the information technology services provider's stock after selling 39 shares during the period. Windsor Group LTD's holdings in Accenture were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of ACN. CI Investments Inc. raised its stake in shares of Accenture by 3.6% during the 2nd quarter. CI Investments Inc. now owns 59,876 shares of the information technology services provider's stock valued at $16,625,000 after buying an additional 2,087 shares during the last quarter. Dubuque Bank & Trust Co. lifted its holdings in Accenture by 10.9% in the third quarter. Dubuque Bank & Trust Co. now owns 1,233 shares of the information technology services provider's stock valued at $317,000 after acquiring an additional 121 shares during the period. CWA Asset Management Group LLC boosted its position in Accenture by 5.7% in the 2nd quarter. CWA Asset Management Group LLC now owns 4,764 shares of the information technology services provider's stock worth $1,323,000 after purchasing an additional 255 shares in the last quarter. Lincoln National Corp grew its stake in shares of Accenture by 3.5% during the 3rd quarter. Lincoln National Corp now owns 4,480 shares of the information technology services provider's stock worth $1,153,000 after purchasing an additional 152 shares during the period. Finally, Korea Investment CORP increased its holdings in shares of Accenture by 4.3% during the 2nd quarter. Korea Investment CORP now owns 597,757 shares of the information technology services provider's stock valued at $165,967,000 after purchasing an additional 24,630 shares in the last quarter. 73.97% of the stock is owned by hedge funds and other institutional investors.
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Wall Street Analysts Forecast Growth
ACN has been the subject of a number of recent analyst reports. StockNews.com raised shares of Accenture from a "hold" rating to a "buy" rating in a report on Thursday, January 12th. Jefferies Financial Group reduced their price target on Accenture from $290.00 to $279.00 in a report on Monday, December 19th. Piper Sandler lowered Accenture from a "neutral" rating to an "underweight" rating and set a $268.00 price objective on the stock. in a report on Monday, December 12th. JPMorgan Chase & Co. upped their target price on Accenture from $306.00 to $327.00 in a research note on Thursday, December 15th. Finally, Cowen boosted their price target on shares of Accenture from $295.00 to $300.00 in a report on Monday, December 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Accenture presently has a consensus rating of "Moderate Buy" and an average target price of $326.78.
Insider Buying and Selling
In other news, CAO Melissa A. Burgum sold 1,027 shares of the company's stock in a transaction on Friday, January 13th. The stock was sold at an average price of $280.99, for a total value of $288,576.73. Following the transaction, the chief accounting officer now owns 11,467 shares of the company's stock, valued at approximately $3,222,112.33. The sale was disclosed in a filing with the SEC, which is accessible through
the SEC website. In other news, CEO Julie Spellman Sweet sold 8,600 shares of the company's stock in a transaction on Friday, November 4th. The stock was sold at an average price of $259.42, for a total transaction of $2,231,012.00. Following the sale, the chief executive officer now owns 27,559 shares of the company's stock, valued at $7,149,355.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through
this hyperlink. Also, CAO Melissa A. Burgum sold 1,027 shares of the stock in a transaction dated Friday, January 13th. The shares were sold at an average price of $280.99, for a total value of $288,576.73. Following the completion of the sale, the chief accounting officer now directly owns 11,467 shares in the company, valued at approximately $3,222,112.33. The disclosure for this sale can be found
here. Over the last three months, insiders sold 56,215 shares of company stock worth $15,562,837. Company insiders own 0.08% of the company's stock.
Accenture Price Performance
Shares of NYSE:ACN traded down $1.39 during midday trading on Thursday, hitting $271.77. The company had a trading volume of 520,905 shares, compared to its average volume of 2,233,130. Accenture plc has a twelve month low of $242.95 and a twelve month high of $360.10. The stock has a market cap of $171.28 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 2.53 and a beta of 1.23. The business's 50-day simple moving average is $279.97 and its 200-day simple moving average is $282.07.
Accenture (NYSE:ACN – Get Rating) last posted its quarterly earnings results on Friday, December 16th. The information technology services provider reported $3.08 EPS for the quarter, topping the consensus estimate of $2.91 by $0.17. Accenture had a return on equity of 31.49% and a net margin of 11.31%. The business had revenue of $15.75 billion for the quarter, compared to analyst estimates of $15.58 billion. As a group, sell-side analysts forecast that Accenture plc will post 11.46 EPS for the current year.
Accenture Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Tuesday, January 10th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, January 11th. Accenture's dividend payout ratio is presently 40.69%.
About Accenture
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Accenture Plc engages in the provision of management consulting, technology, and outsourcing services. It operates through the following geographical segments: North America, Europe and Growth Markets. The company was founded in 1989 and is headquartered in Dublin, Ireland.
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