Global X Japan Co. Ltd. Grows Stake in Accenture PLC $ACN

Global X Japan Co. Ltd. grew its stake in shares of Accenture PLC (NYSE:ACNFree Report) by 284.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,252 shares of the information technology services provider’s stock after purchasing an additional 12,026 shares during the period. Global X Japan Co. Ltd.’s holdings in Accenture were worth $4,360,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ACN. Granite Group Advisors LLC bought a new stake in shares of Accenture in the 4th quarter worth approximately $596,000. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Accenture by 2.9% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 147,471 shares of the information technology services provider’s stock worth $39,566,000 after buying an additional 4,132 shares in the last quarter. Kathmere Capital Management LLC increased its holdings in shares of Accenture by 43.9% in the 4th quarter. Kathmere Capital Management LLC now owns 9,048 shares of the information technology services provider’s stock worth $2,428,000 after purchasing an additional 2,762 shares in the last quarter. Sendero Wealth Management LLC lifted its holdings in shares of Accenture by 55.4% during the fourth quarter. Sendero Wealth Management LLC now owns 1,402 shares of the information technology services provider’s stock valued at $376,000 after purchasing an additional 500 shares in the last quarter. Finally, Argentarii LLC increased its holdings in Accenture by 50.5% in the 4th quarter. Argentarii LLC now owns 1,672 shares of the information technology services provider’s stock worth $449,000 after buying an additional 561 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.

Trending Headlines about Accenture

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Insider Buying and Selling at Accenture

In other news, COO Catherine Kiernan Hogan sold 660 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $280.93, for a total transaction of $185,413.80. Following the transaction, the chief operating officer directly owned 12,688 shares of the company’s stock, valued at approximately $3,564,439.84. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Joel Unruch sold 1,026 shares of the stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $281.70, for a total value of $289,024.20. Following the completion of the transaction, the general counsel directly owned 27,181 shares in the company, valued at approximately $7,656,887.70. This trade represents a 3.64% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 22,088 shares of company stock valued at $5,970,434. 0.02% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ACN. Rothschild & Co Redburn lifted their target price on shares of Accenture from $205.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, January 5th. Jefferies Financial Group upped their price target on shares of Accenture from $270.00 to $280.00 and gave the company a “hold” rating in a research report on Thursday, January 8th. Argus decreased their price objective on Accenture from $370.00 to $335.00 and set a “buy” rating on the stock in a research note on Monday, December 29th. Wolfe Research lifted their target price on Accenture from $300.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Finally, Robert W. Baird dropped their price target on Accenture from $330.00 to $265.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Eighteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $274.88.

Read Our Latest Analysis on ACN

Accenture Stock Performance

Accenture stock opened at $196.35 on Friday. The company’s 50-day moving average price is $227.32 and its 200-day moving average price is $245.11. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.16. Accenture PLC has a twelve month low of $187.00 and a twelve month high of $325.71. The company has a market cap of $120.87 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.27.

Accenture (NYSE:ACNGet Free Report) last posted its quarterly earnings data on Thursday, March 19th. The information technology services provider reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The business had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.80 billion. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.82 earnings per share. On average, equities research analysts forecast that Accenture PLC will post 12.73 EPS for the current fiscal year.

Accenture Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be given a $1.63 dividend. This represents a $6.52 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, April 9th. Accenture’s dividend payout ratio is 53.40%.

Accenture Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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