Accenture PLC $ACN Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its position in Accenture PLC (NYSE:ACNFree Report) by 88.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,274 shares of the information technology services provider’s stock after acquiring an additional 34,346 shares during the period. Los Angeles Capital Management LLC’s holdings in Accenture were worth $18,264,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Jaffetilchin Investment Partners LLC raised its position in shares of Accenture by 4.2% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock worth $236,000 after acquiring an additional 35 shares during the period. Clayton Financial Group LLC raised its position in shares of Accenture by 13.1% in the fourth quarter. Clayton Financial Group LLC now owns 329 shares of the information technology services provider’s stock worth $88,000 after acquiring an additional 38 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. raised its position in shares of Accenture by 0.9% in the third quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 4,416 shares of the information technology services provider’s stock worth $1,089,000 after acquiring an additional 41 shares during the period. Peak Asset Management LLC raised its position in shares of Accenture by 0.8% in the fourth quarter. Peak Asset Management LLC now owns 5,447 shares of the information technology services provider’s stock worth $1,461,000 after acquiring an additional 43 shares during the period. Finally, SkyView Investment Advisors LLC raised its position in shares of Accenture by 1.2% in the second quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after acquiring an additional 43 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture News Summary

Here are the key news stories impacting Accenture this week:

Insider Buying and Selling

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the stock in a transaction dated Thursday, April 30th. The shares were 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 owned 12,802 shares in the company, valued at approximately $2,267,746.28. This represents a 27.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company’s stock.

Accenture Stock Up 0.1%

ACN stock opened at $178.45 on Monday. The company has a market cap of $118.75 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.69 and a beta of 1.09. 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 PLC has a 12 month low of $155.82 and a 12 month high of $321.77. The firm has a 50-day moving average of $184.29 and a two-hundred day moving average of $224.23.

Accenture (NYSE:ACNGet Free Report) last released its quarterly earnings data on Friday, March 20th. The information technology services provider reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The company had revenue of $18.04 billion during the quarter, compared to the consensus estimate of $17.80 billion. Accenture had a net margin of 10.61% and a return on equity of 26.33%. Accenture’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 EPS. As a group, analysts forecast that Accenture PLC will post 13.88 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 $1.63 dividend. The ex-dividend date was Thursday, April 9th. This represents a $6.52 dividend on an annualized basis and a yield of 3.7%. Accenture’s dividend payout ratio is presently 53.40%.

Wall Street Analyst Weigh In

ACN has been the subject of several research analyst reports. Morgan Stanley reduced their price target on shares of Accenture from $320.00 to $240.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. TD Cowen reduced their price target on shares of Accenture from $282.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, March 16th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Accenture from $210.00 to $199.00 and set a “hold” rating for the company in a research report on Tuesday, June 2nd. UBS Group restated a “buy” rating on shares of Accenture in a research report on Tuesday, March 17th. Finally, The Goldman Sachs Group reduced their price target on shares of Accenture from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday. Seventeen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $265.54.

Read Our Latest Stock Analysis on Accenture

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.

Further Reading

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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