Nissay Asset Management Corp Japan ADV Has $27.50 Million Stock Holdings in Accenture plc (NYSE:ACN)

Nissay Asset Management Corp Japan ADV decreased its holdings in Accenture plc (NYSE:ACN) by 0.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 77,195 shares of the information technology services provider’s stock after selling 606 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Accenture were worth $27,495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ACN. Fiduciary Alliance LLC raised its stake in Accenture by 105.7% in the fourth quarter. Fiduciary Alliance LLC now owns 5,617 shares of the information technology services provider’s stock valued at $1,976,000 after buying an additional 2,886 shares during the period. Capital Investment Advisors LLC raised its stake in Accenture by 142.0% in the fourth quarter. Capital Investment Advisors LLC now owns 7,058 shares of the information technology services provider’s stock valued at $2,483,000 after buying an additional 4,141 shares during the period. Wedmont Private Capital increased its stake in shares of Accenture by 22.9% during the fourth quarter. Wedmont Private Capital now owns 5,393 shares of the information technology services provider’s stock worth $1,886,000 after purchasing an additional 1,004 shares during the period. Cooper Financial Group increased its stake in shares of Accenture by 86.8% during the fourth quarter. Cooper Financial Group now owns 1,655 shares of the information technology services provider’s stock worth $582,000 after purchasing an additional 769 shares during the period. Finally, Unique Wealth LLC increased its stake in shares of Accenture by 6.9% during the fourth quarter. Unique Wealth LLC now owns 8,005 shares of the information technology services provider’s stock worth $2,816,000 after purchasing an additional 515 shares during the period. Institutional investors own 75.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ACN. Robert W. Baird upgraded Accenture from a “neutral” rating to an “outperform” rating and set a $390.00 target price on the stock in a research note on Monday, March 17th. Mizuho lowered their price objective on Accenture from $428.00 to $398.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 19th. Piper Sandler lowered their price objective on Accenture from $364.00 to $355.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 16th. Barclays lowered their price target on Accenture from $415.00 to $390.00 and set an “overweight” rating for the company in a report on Monday, March 24th. Finally, UBS Group lowered their price target on Accenture from $455.00 to $387.00 and set a “buy” rating for the company in a report on Friday, March 21st. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $377.82.

Insider Activity

In related news, General Counsel Joel Unruch sold 3,563 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the transaction, the general counsel now directly owns 17,237 shares of the company’s stock, valued at approximately $4,857,041.86. This represents a 17.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 2,284 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $281.63, for a total value of $643,242.92. Following the transaction, the chief executive officer now directly owns 9,965 shares in the company, valued at approximately $2,806,442.95. This trade represents a 18.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,016 shares of company stock valued at $1,694,866 in the last ninety days. 0.02% of the stock is owned by company insiders.

Accenture Trading Up 0.1%

NYSE ACN opened at $322.47 on Wednesday. The business’s 50-day moving average price is $303.47 and its two-hundred day moving average price is $341.94. Accenture plc has a 12 month low of $275.01 and a 12 month high of $398.35. The firm has a market capitalization of $201.97 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. The firm had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.77 EPS. On average, analysts expect that Accenture plc will post 12.73 EPS for the current year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Thursday, April 10th. Accenture’s dividend payout ratio is 48.89%.

Accenture Profile

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.