Natixis Advisors LLC Lowers Holdings in Accenture PLC $ACN

Natixis Advisors LLC decreased its holdings in Accenture PLC (NYSE:ACNFree Report) by 15.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 391,916 shares of the information technology services provider’s stock after selling 73,740 shares during the quarter. Natixis Advisors LLC’s holdings in Accenture were worth $105,152,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ACN. Brighton Jones LLC lifted its stake in shares of Accenture by 36.2% in the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after purchasing an additional 4,905 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Accenture by 46.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock valued at $618,000 after purchasing an additional 660 shares in the last quarter. United Bank lifted its stake in shares of Accenture by 49.8% in the 2nd quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock valued at $1,088,000 after purchasing an additional 1,209 shares in the last quarter. Bank of Nova Scotia lifted its stake in shares of Accenture by 23.0% in the 2nd quarter. Bank of Nova Scotia now owns 828 shares of the information technology services provider’s stock valued at $247,000 after purchasing an additional 155 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its stake in shares of Accenture by 4.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 1,767 shares of the information technology services provider’s stock valued at $528,000 after purchasing an additional 72 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Accenture

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $177.14, for a total transaction of $863,026.08. Following the sale, the chief executive officer directly owned 12,802 shares in the company, valued at $2,267,746.28. The trade was a 27.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by corporate insiders.

Accenture Price Performance

ACN stock opened at $186.27 on Wednesday. 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 52-week low of $155.82 and a 52-week high of $321.77. The stock’s 50 day moving average is $185.57 and its two-hundred day moving average is $226.05. The company has a market capitalization of $123.95 billion, a PE ratio of 15.26, a P/E/G ratio of 1.87 and a beta of 1.08.

Accenture (NYSE:ACNGet Free Report) last posted its quarterly earnings data on Friday, March 20th. The information technology services provider reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.09. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The company had revenue of $18.04 billion for the quarter, compared to the consensus estimate of $17.80 billion. During the same period in the previous year, the business earned $2.82 EPS. Accenture’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts predict that Accenture PLC will post 13.87 earnings per share for the current fiscal year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 9th were issued a dividend of $1.63 per share. The ex-dividend date was Thursday, April 9th. This represents a $6.52 annualized dividend and a yield of 3.5%. Accenture’s payout ratio is currently 53.40%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ACN. Truist Financial lowered Accenture from a “buy” rating to a “hold” rating and reduced their price objective for the company from $260.00 to $210.00 in a research note on Monday. TD Cowen reduced their price target on Accenture from $282.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, March 16th. Citigroup reduced their price target on Accenture from $215.00 to $195.00 and set a “neutral” rating on the stock in a research report on Monday. HSBC reduced their price target on Accenture from $220.00 to $210.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Finally, Royal Bank Of Canada reduced their price target on Accenture from $295.00 to $253.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Sixteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Accenture currently has a consensus rating of “Moderate Buy” and an average target price of $270.62.

View Our Latest Research Report on Accenture

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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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