Rossmore Private Capital Boosts Holdings in Accenture PLC $ACN

Rossmore Private Capital boosted its position in shares of Accenture PLC (NYSE:ACN) by 18.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,525 shares of the information technology services provider’s stock after buying an additional 2,995 shares during the quarter. Rossmore Private Capital’s holdings in Accenture were worth $5,238,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Accenture by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 66,070,930 shares of the information technology services provider’s stock worth $17,726,831,000 after buying an additional 854,361 shares during the period. State Street Corp boosted its stake in Accenture by 0.4% during the third quarter. State Street Corp now owns 28,135,065 shares of the information technology services provider’s stock worth $6,938,156,000 after buying an additional 118,460 shares during the period. Capital International Investors boosted its stake in Accenture by 41.1% during the third quarter. Capital International Investors now owns 17,128,134 shares of the information technology services provider’s stock worth $4,223,839,000 after buying an additional 4,984,930 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Accenture by 5.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 10,693,994 shares of the information technology services provider’s stock worth $2,869,199,000 after buying an additional 546,198 shares during the period. Finally, Sanders Capital LLC boosted its stake in Accenture by 9.0% during the third quarter. Sanders Capital LLC now owns 9,615,366 shares of the information technology services provider’s stock worth $2,371,149,000 after buying an additional 790,580 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.

Accenture Stock Up 0.1%

NYSE:ACN opened at $168.94 on Monday. Accenture PLC has a twelve month low of $155.82 and a twelve month high of $322.86. The company has a market cap of $112.42 billion, a price-to-earnings ratio of 13.84, a price-to-earnings-growth ratio of 1.60 and a beta of 1.08. The stock has a fifty day simple moving average of $190.50 and a 200-day simple moving average of $231.18. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.16.

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

Accenture Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 9th were issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Thursday, April 9th. Accenture’s payout ratio is presently 53.40%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Robert W. Baird dropped their price objective on shares of Accenture from $330.00 to $265.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Truist Financial decreased their target price on Accenture from $317.00 to $260.00 and set a “buy” rating for the company in a research report on Tuesday, March 10th. Deutsche Bank Aktiengesellschaft decreased their target price on Accenture from $280.00 to $230.00 and set a “hold” rating for the company in a research report on Friday, March 6th. Morgan Stanley decreased their target price on Accenture from $320.00 to $240.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Finally, BMO Capital Markets decreased their target price on Accenture from $300.00 to $230.00 and set a “market perform” rating for the company in a research report on Friday, March 20th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $274.50.

Insider Buying and Selling at Accenture

In related news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $177.14, for a total value of $863,026.08. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 insiders.

Accenture Profile

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.