Hancock Whitney Corp trimmed its position in Accenture Plc (NYSE:ACN) by 1.8% during the first quarter, HoldingsChannel.com reports. The fund owned 17,087 shares of the information technology services provider’s stock after selling 310 shares during the period. Hancock Whitney Corp’s holdings in Accenture were worth $3,007,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc raised its holdings in Accenture by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 53,259,800 shares of the information technology services provider’s stock worth $9,064,818,000 after buying an additional 770,904 shares during the period. BlackRock Inc. raised its holdings in Accenture by 0.7% during the 4th quarter. BlackRock Inc. now owns 42,873,376 shares of the information technology services provider’s stock worth $6,045,575,000 after buying an additional 316,879 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in Accenture by 10,215.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,674,776 shares of the information technology services provider’s stock worth $175,000 after buying an additional 24,435,584 shares during the period. Northern Trust Corp raised its holdings in Accenture by 1.0% during the 1st quarter. Northern Trust Corp now owns 9,953,819 shares of the information technology services provider’s stock worth $1,752,071,000 after buying an additional 101,220 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Accenture by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 8,446,583 shares of the information technology services provider’s stock worth $1,189,171,000 after buying an additional 383,234 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.
ACN has been the topic of several research analyst reports. Wells Fargo & Co raised their target price on shares of Accenture from $165.00 to $181.00 and gave the stock an “in-line” rating in a report on Wednesday, March 20th. Zacks Investment Research cut shares of Accenture from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. ValuEngine raised shares of Accenture from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. UBS Group set a $180.00 price target on shares of Accenture and gave the stock a “hold” rating in a research note on Thursday, March 28th. Finally, KeyCorp raised their target price on shares of Accenture from $173.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, March 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $184.11.
In other news, insider Richard Lumb sold 18,000 shares of Accenture stock in a transaction on Friday, May 10th. The stock was sold at an average price of $172.82, for a total transaction of $3,110,760.00. Following the completion of the sale, the insider now owns 90,536 shares of the company’s stock, valued at $15,646,431.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider ‘T Noordende Alexander M. Van sold 8,000 shares of Accenture stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $177.78, for a total value of $1,422,240.00. Following the sale, the insider now directly owns 116,753 shares of the company’s stock, valued at approximately $20,756,348.34. The disclosure for this sale can be found here. Insiders have sold 65,919 shares of company stock valued at $11,695,852 in the last three months. Insiders own 0.18% of the company’s stock.
Shares of NYSE:ACN traded up $0.80 during midday trading on Wednesday, hitting $184.17. The stock had a trading volume of 41,589 shares, compared to its average volume of 1,892,249. Accenture Plc has a 12 month low of $132.63 and a 12 month high of $186.68. The stock has a market capitalization of $123.94 billion, a PE ratio of 27.40, a P/E/G ratio of 2.43 and a beta of 1.07.
Accenture (NYSE:ACN) last released its earnings results on Thursday, March 28th. The information technology services provider reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.16. Accenture had a net margin of 10.52% and a return on equity of 38.57%. The business had revenue of $10.45 billion during the quarter, compared to analysts’ expectations of $10.30 billion. During the same period last year, the business earned $1.58 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Research analysts predict that Accenture Plc will post 7.29 EPS for the current year.
The business also recently disclosed a semiannual dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th were given a dividend of $1.46 per share. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a yield of 1.66%. Accenture’s dividend payout ratio (DPR) is 43.32%.
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Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.
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