Accenture PLC $ACN Shares Sold by Hantz Financial Services Inc.
by Doug Wharley · The Cerbat GemHantz Financial Services Inc. trimmed its holdings in shares of Accenture PLC (NYSE:ACN – Free Report) by 11.2% in the fourth quarter, Holdings Channel reports. The firm owned 54,948 shares of the information technology services provider’s stock after selling 6,911 shares during the period. Hantz Financial Services Inc.’s holdings in Accenture were worth $14,742,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealthquest Corp purchased a new stake in shares of Accenture in the fourth quarter worth about $218,000. Troy Asset Management Ltd lifted its position in Accenture by 52.9% during the 4th quarter. Troy Asset Management Ltd now owns 120,532 shares of the information technology services provider’s stock worth $32,339,000 after acquiring an additional 41,710 shares in the last quarter. Connors Investor Services Inc. purchased a new position in Accenture in the 4th quarter worth approximately $12,145,000. Delta Asset Management LLC TN grew its position in Accenture by 2.1% in the fourth quarter. Delta Asset Management LLC TN now owns 39,029 shares of the information technology services provider’s stock valued at $10,471,000 after acquiring an additional 803 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its position in shares of Accenture by 3.0% during the fourth quarter. Prospera Financial Services Inc now owns 38,678 shares of the information technology services provider’s stock worth $10,380,000 after purchasing an additional 1,131 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.
Insiders Place Their Bets
In related 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 transaction, the chief executive officer owned 12,802 shares in the company, valued at $2,267,746.28. This represents a 27.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.02% of the stock is owned by insiders.
Accenture Stock Performance
ACN opened at $179.36 on Monday. Accenture PLC has a twelve month low of $155.82 and a twelve month high of $321.77. The stock has a market cap of $119.35 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 1.70 and a beta of 1.08. The business’s 50 day moving average is $187.42 and its 200-day moving average is $228.65. 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 – Get Free Report) last posted its earnings results on Friday, March 20th. The information technology services provider reported $2.93 EPS for the quarter, beating the consensus estimate of $2.84 by $0.09. The firm had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.80 billion. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $2.82 EPS. On average, analysts predict that Accenture PLC will post 13.87 earnings per share for the current year.
Accenture Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 9th were paid a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Thursday, April 9th. Accenture’s payout ratio is currently 53.40%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the company. HSBC lowered their target price on Accenture from $220.00 to $210.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. TD Cowen lowered their price objective on Accenture from $282.00 to $275.00 and set a “buy” rating for the company in a report on Monday, March 16th. JPMorgan Chase & Co. upped their price objective on Accenture from $243.00 to $247.00 and gave the company an “overweight” rating in a research note on Friday, March 20th. Guggenheim decreased their target price on Accenture from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, March 20th. Finally, BMO Capital Markets lowered their price objective on shares of 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $274.50.
View Our Latest Stock Analysis on ACN
About Accenture
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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