Point72 Europe London LLP purchased a new position in shares of Accenture plc (NYSE:ACN – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 71,200 shares of the information technology services provider’s stock, valued at approximately $25,047,000. Accenture accounts for approximately 1.4% of Point72 Europe London LLP’s holdings, making the stock its 21st largest position.
Other hedge funds and other institutional investors have also made changes to their positions in the company. FPC Investment Advisory Inc. boosted its position in Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in Accenture during the 4th quarter worth $30,000. POM Investment Strategies LLC raised its position in Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after purchasing an additional 34 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Accenture in the 4th quarter valued at about $34,000. Finally, Promus Capital LLC purchased a new stake in shares of Accenture during the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 75.14% of the company’s stock.
Accenture Trading Down 0.5%
Shares of ACN stock opened at $321.04 on Thursday. Accenture plc has a twelve month low of $275.01 and a twelve month high of $398.35. The company has a market capitalization of $201.08 billion, a price-to-earnings ratio of 26.93, a PEG ratio of 3.23 and a beta of 1.35. The firm has a 50-day moving average price of $303.05 and a 200 day moving average price of $341.80. 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 Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 10th will be given a $1.48 dividend. The ex-dividend date is Thursday, April 10th. This represents a $5.92 annualized dividend and a dividend yield of 1.84%. Accenture’s dividend payout ratio is presently 48.89%.
Insider Buying and Selling
In other news, General Counsel Joel Unruch sold 3,563 shares of the business’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the completion of the sale, the general counsel now directly owns 17,237 shares of the company’s stock, valued at $4,857,041.86. The trade was a 17.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Julie Spellman Sweet sold 2,284 shares of Accenture stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.63, for a total value of $643,242.92. Following the completion of the transaction, the chief executive officer now owns 9,965 shares in the company, valued at $2,806,442.95. The trade was a 18.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,516 shares of company stock valued at $2,507,366. Insiders own 0.02% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on ACN shares. Royal Bank of Canada decreased their price target on shares of Accenture from $399.00 to $392.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. UBS Group dropped their target price on Accenture from $455.00 to $387.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Guggenheim lowered their price target on Accenture from $400.00 to $395.00 and set a “buy” rating for the company in a report on Friday, March 21st. StockNews.com cut Accenture from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. Finally, Stifel Nicolaus reduced their target price on Accenture from $390.00 to $380.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Eight investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Accenture has an average rating of “Moderate Buy” and a consensus price target of $377.82.
Get Our Latest Stock Report on Accenture
About Accenture
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.
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