Caprock Group LLC Acquires 1,383 Shares of Accenture plc (NYSE:ACN)

Caprock Group LLC boosted its holdings in shares of Accenture plc (NYSE:ACN) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 98,442 shares of the information technology services provider’s stock after buying an additional 1,383 shares during the quarter. Accenture accounts for approximately 1.1% of Caprock Group LLC’s portfolio, making the stock its 16th biggest holding. Caprock Group LLC’s holdings in Accenture were worth $34,631,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Accenture by 1.8% in the third quarter. State Street Corp now owns 27,400,836 shares of the information technology services provider’s stock worth $9,685,648,000 after purchasing an additional 471,792 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Accenture by 378.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,491,736 shares of the information technology services provider’s stock worth $1,941,219,000 after purchasing an additional 4,345,039 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Accenture by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,823,754 shares of the information technology services provider’s stock worth $1,705,100,000 after purchasing an additional 56,937 shares during the period. Swedbank AB boosted its position in shares of Accenture by 47.5% in the fourth quarter. Swedbank AB now owns 3,763,690 shares of the information technology services provider’s stock worth $1,324,029,000 after purchasing an additional 1,212,011 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of Accenture by 1.5% in the third quarter. Stifel Financial Corp now owns 1,892,409 shares of the information technology services provider’s stock worth $668,974,000 after purchasing an additional 28,491 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Accenture

In other Accenture news, General Counsel Joel Unruch sold 4,750 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $362.78, for a total transaction of $1,723,205.00. Following the transaction, the general counsel now owns 20,526 shares of the company’s stock, valued at approximately $7,446,422.28. This trade represents a 18.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO John F. Walsh sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $361.09, for a total transaction of $902,725.00. Following the transaction, the chief operating officer now directly owns 19,737 shares in the company, valued at $7,126,833.33. This trade represents a 11.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,446 shares of company stock valued at $5,852,848. Company insiders own 0.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on ACN. Morgan Stanley upped their price target on shares of Accenture from $335.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Friday. BNP Paribas lowered shares of Accenture from an “outperform” rating to a “neutral” rating and set a $375.00 target price for the company. in a research report on Wednesday, October 30th. Wolfe Research upgraded shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 target price for the company in a research report on Wednesday, January 8th. BMO Capital Markets upped their target price on shares of Accenture from $390.00 to $425.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Finally, Jefferies Financial Group dropped their target price on shares of Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Accenture has an average rating of “Moderate Buy” and an average target price of $387.22.

Accenture Trading Down 0.0 %

ACN stock opened at $380.71 on Friday. The company has a market capitalization of $238.25 billion, a PE ratio of 31.94, a P/E/G ratio of 3.33 and a beta of 1.24. Accenture plc has a 12 month low of $278.69 and a 12 month high of $387.51. The firm’s 50-day moving average is $359.04 and its 200 day moving average is $349.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.43 by $0.16. The company had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.27 EPS. On average, research analysts anticipate that Accenture plc will post 12.69 EPS for the current year.

Accenture Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, January 16th. Accenture’s dividend payout ratio is presently 49.66%.

Accenture Company 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.