Compagnie Lombard Odier SCmA Has $4.37 Million Position in Accenture plc (NYSE:ACN)

Compagnie Lombard Odier SCmA cut its holdings in Accenture plc (NYSE:ACN) by 0.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,010 shares of the information technology services provider’s stock after selling 87 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Accenture were worth $4,372,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Accenture by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 60,394,657 shares of the information technology services provider’s stock worth $21,246,236,000 after acquiring an additional 392,183 shares during the last quarter. Geode Capital Management LLC boosted its position in Accenture by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 13,528,348 shares of the information technology services provider’s stock valued at $4,750,021,000 after buying an additional 136,665 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Accenture by 16.8% in the 4th quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider’s stock valued at $4,325,526,000 after buying an additional 1,770,024 shares during the period. Wellington Management Group LLP raised its position in shares of Accenture by 22.8% during the fourth quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider’s stock worth $4,283,225,000 after acquiring an additional 2,260,740 shares during the last quarter. Finally, Capital International Investors lifted its stake in shares of Accenture by 2.2% during the fourth quarter. Capital International Investors now owns 8,513,140 shares of the information technology services provider’s stock valued at $2,994,922,000 after acquiring an additional 181,449 shares during the period. 75.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Baird R W upgraded Accenture from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 17th. Royal Bank of Canada dropped 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. Wall Street Zen cut shares of Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Barclays dropped their target price on shares of Accenture from $415.00 to $390.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Finally, Stifel Nicolaus reduced their price target on Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Accenture has a consensus rating of “Moderate Buy” and an average price target of $382.14.

Insiders Place Their Bets

In other news, COO John F. Walsh sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $325.00, for a total value of $812,500.00. Following the completion of the transaction, the chief operating officer now owns 15,882 shares in the company, valued at $5,161,650. This trade represents a 13.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Beatty sold 169 shares of the company’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $281.90, for a total value of $47,641.10. Following the sale, the insider now owns 5,364 shares in the company, valued at $1,512,111.60. The trade was a 3.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,516 shares of company stock valued at $2,507,366 in the last quarter. 0.02% of the stock is currently owned by insiders.

Accenture Price Performance

NYSE ACN opened at $319.20 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. Accenture plc has a 52-week low of $275.01 and a 52-week high of $398.35. The business has a 50 day simple moving average of $304.23 and a 200 day simple moving average of $336.42. The stock has a market cap of $199.92 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.23 and a beta of 1.33.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.01. The business had revenue of $16.70 billion for the quarter, compared to analyst estimates of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $2.77 earnings per share. Analysts anticipate 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 was paid on Thursday, May 15th. Investors of record on Thursday, April 10th were given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Thursday, April 10th. Accenture’s dividend payout ratio is presently 48.89%.

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.