Capital International Sarl Buys 19,238 Shares of Accenture PLC $ACN

Capital International Sarl raised its stake in shares of Accenture PLC (NYSE:ACNFree Report) by 100.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 38,425 shares of the information technology services provider’s stock after purchasing an additional 19,238 shares during the quarter. Capital International Sarl’s holdings in Accenture were worth $10,309,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital International Ltd. CA increased its holdings in shares of Accenture by 200.5% during the 4th quarter. Capital International Ltd. CA now owns 14,359 shares of the information technology services provider’s stock worth $3,853,000 after purchasing an additional 9,581 shares during the period. Capital International Inc. CA increased its holdings in shares of Accenture by 6.6% during the 4th quarter. Capital International Inc. CA now owns 194,467 shares of the information technology services provider’s stock worth $52,175,000 after purchasing an additional 12,013 shares during the period. Capital International Investors boosted its position in shares of Accenture by 2.0% during the 4th quarter. Capital International Investors now owns 17,471,554 shares of the information technology services provider’s stock valued at $4,687,867,000 after acquiring an additional 343,420 shares in the last quarter. Capital Group Private Client Services Inc. boosted its position in shares of Accenture by 5.4% during the 4th quarter. Capital Group Private Client Services Inc. now owns 36,799 shares of the information technology services provider’s stock valued at $9,873,000 after acquiring an additional 1,880 shares in the last quarter. Finally, Capital Group Investment Management PTE. LTD. boosted its position in shares of Accenture by 173.0% during the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 3,009 shares of the information technology services provider’s stock valued at $807,000 after acquiring an additional 1,907 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Insider Activity

In other news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total transaction of $863,026.08. Following the transaction, the chief executive officer directly owned 12,802 shares in the company, valued at approximately $2,267,746.28. This represents a 27.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company’s stock.

Accenture News Roundup

Here are the key news stories impacting Accenture this week:

Wall Street Analyst Weigh In

ACN has been the topic of several recent research reports. Guggenheim decreased their target price on shares of Accenture from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. The Goldman Sachs Group decreased their target price on shares of Accenture from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Accenture from $243.00 to $247.00 and gave the company an “overweight” rating in a research report on Friday, March 20th. TD Cowen decreased their target price on shares of Accenture from $282.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Finally, Stifel Nicolaus decreased their target price on shares of Accenture from $315.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and an average price target of $265.54.

Get Our Latest Stock Report on ACN

Accenture Stock Performance

NYSE:ACN opened at $178.45 on Monday. Accenture PLC has a 1 year low of $155.82 and a 1 year high of $321.77. The firm has a 50 day moving average of $184.29 and a 200-day moving average of $224.23. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $118.75 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 1.69 and a beta of 1.09.

Accenture (NYSE:ACNGet Free Report) last posted its earnings results on Friday, March 20th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The company had revenue of $18.04 billion during the quarter, compared to analysts’ expectations of $17.80 billion. During the same quarter in the previous year, the company posted $2.82 earnings per share. Accenture’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Accenture PLC will post 13.88 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 9th were paid a $1.63 dividend. The ex-dividend date was Thursday, April 9th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.7%. Accenture’s payout ratio is 53.40%.

Accenture Company 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.

See Also

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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