Facet Wealth Inc. Has $262,000 Stock Holdings in Accenture PLC (NYSE:ACN)

by · The Cerbat Gem

Facet Wealth Inc. lifted its stake in shares of Accenture PLC (NYSE:ACN – Free Report) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 850 shares of the information technology services provider’s stock after purchasing an additional 45 shares during the quarter. Facet Wealth Inc.’s holdings in Accenture were worth $262,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in shares of Accenture by 30,256.8% during the 1st quarter. GAMMA Investing LLC now owns 3,421,519 shares of the information technology services provider’s stock worth $1,067,651,000 after acquiring an additional 3,410,248 shares during the period. Wellington Management Group LLP lifted its stake in Accenture by 22.8% during the fourth quarter. Wellington Management Group LLP now owns 12,175,518 shares of the information technology services provider’s stock worth $4,283,225,000 after purchasing an additional 2,260,740 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of Accenture by 16.8% in the 4th quarter. Capital Research Global Investors now owns 12,295,748 shares of the information technology services provider’s stock valued at $4,325,526,000 after purchasing an additional 1,770,024 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Accenture by 2,782.1% in the 1st quarter. Pacer Advisors Inc. now owns 1,445,281 shares of the information technology services provider’s stock valued at $450,985,000 after purchasing an additional 1,395,135 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Accenture by 10.7% during the 4th quarter. Northern Trust Corp now owns 7,582,344 shares of the information technology services provider’s stock worth $2,667,393,000 after buying an additional 732,769 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Mizuho set a $348.00 target price on Accenture and gave the company an “outperform” rating in a research report on Tuesday, June 24th. Barclays decreased their price target on shares of Accenture from $390.00 to $360.00 and set an “overweight” rating on the stock in a report on Monday, June 23rd. UBS Group reissued a “buy” rating and issued a $395.00 price objective (up previously from $390.00) on shares of Accenture in a research note on Thursday, May 22nd. Evercore ISI began coverage on shares of Accenture in a research note on Thursday, July 17th. They set an “outperform” rating and a $330.00 target price on the stock. Finally, Guggenheim dropped their price target on Accenture from $360.00 to $335.00 and set a “buy” rating for the company in a research note on Monday, June 23rd. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $365.43.

Check Out Our Latest Research Report on Accenture

Accenture Price Performance

ACN stock opened at $283.10 on Monday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.16. The firm has a market cap of $177.31 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 2.68 and a beta of 1.29. The company’s fifty day simple moving average is $302.60 and its 200 day simple moving average is $321.87. Accenture PLC has a 12-month low of $273.19 and a 12-month high of $398.35.

Accenture (NYSE:ACN – Get Free Report) last announced its quarterly earnings data on Friday, June 20th. The information technology services provider reported $3.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.17. Accenture had a return on equity of 26.55% and a net margin of 11.61%. The company had revenue of $17.73 billion for the quarter, compared to the consensus estimate of $17.26 billion. During the same period in the previous year, the business earned $3.13 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. On average, analysts expect that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 10th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, July 10th. Accenture’s payout ratio is 47.13%.

Insider Activity at Accenture

In related news, COO John F. Walsh sold 2,500 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $325.00, for a total transaction of $812,500.00. Following the transaction, the chief operating officer directly owned 15,882 shares of the company’s stock, valued at $5,161,650. This represents a 13.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela Beatty sold 203 shares of Accenture stock in a transaction on Friday, July 11th. The shares were sold at an average price of $282.34, for a total transaction of $57,315.02. Following the completion of the sale, the insider directly owned 5,249 shares of the company’s stock, valued at approximately $1,482,002.66. This trade represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,454 shares of company stock worth $1,646,780. Corporate insiders own 0.02% of the company’s stock.

About Accenture

(Free Report)

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.

See Also

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