Global Retirement Partners LLC Purchases 3,057 Shares of Accenture PLC $ACN

Global Retirement Partners LLC boosted its position in shares of Accenture PLC (NYSE:ACN) by 45.3% during the 4th quarter, HoldingsChannel reports. The fund owned 9,803 shares of the information technology services provider’s stock after buying an additional 3,057 shares during the quarter. Global Retirement Partners LLC’s holdings in Accenture were worth $2,630,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased 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 valued at $17,726,831,000 after acquiring an additional 854,361 shares during the period. State Street Corp grew its stake in shares of Accenture by 0.4% in the 3rd quarter. State Street Corp now owns 28,135,065 shares of the information technology services provider’s stock valued at $6,938,156,000 after purchasing an additional 118,460 shares during the period. Capital International Investors grew its stake in shares of Accenture by 41.1% in the 3rd quarter. Capital International Investors now owns 17,128,134 shares of the information technology services provider’s stock valued at $4,223,839,000 after purchasing an additional 4,984,930 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Accenture by 5.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,693,994 shares of the information technology services provider’s stock valued at $2,869,199,000 after purchasing an additional 546,198 shares during the period. Finally, Sanders Capital LLC grew its stake in shares of Accenture by 9.0% in the 3rd quarter. Sanders Capital LLC now owns 9,615,366 shares of the information technology services provider’s stock valued at $2,371,149,000 after purchasing an additional 790,580 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Insider Transactions at Accenture

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $177.14, for a total transaction of $863,026.08. Following the transaction, the chief executive officer owned 12,802 shares of the company’s stock, valued at approximately $2,267,746.28. This represents a 27.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.02% of the company’s stock.

Accenture Stock Up 0.8%

Shares of ACN opened at $179.36 on Friday. The company has a market capitalization of $119.35 billion, a P/E ratio of 14.69, a PEG ratio of 1.69 and a beta of 1.08. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.34 and a quick ratio of 1.34. Accenture PLC has a one year low of $155.82 and a one year high of $321.77. The business’s 50 day simple moving average is $187.42 and its 200-day simple moving average is $228.79.

Accenture (NYSE:ACN) last announced its earnings results on Friday, March 20th. The information technology services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.84 by $0.09. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The business had revenue of $18.04 billion for the quarter, compared to the consensus estimate of $17.80 billion. During the same period in the previous year, the business earned $2.82 EPS. Accenture’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that Accenture PLC will post 13.87 EPS for the current fiscal year.

Accenture Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 9th were issued a dividend of $1.63 per share. The ex-dividend date of this dividend was Thursday, April 9th. This represents a $6.52 annualized dividend and a yield of 3.6%. Accenture’s dividend payout ratio is currently 53.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Piper Sandler set a $282.00 price objective on Accenture in a research note on Thursday, March 5th. Citigroup lowered their price objective on Accenture from $266.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 25th. Royal Bank Of Canada lowered their price objective on Accenture from $295.00 to $253.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Robert W. Baird lowered their price objective on Accenture from $330.00 to $265.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Finally, Morgan Stanley lowered their price objective on Accenture from $320.00 to $240.00 and set an “overweight” rating on the stock in a research note on Monday, March 16th. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $274.50.

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.