Rosenberg Matthew Hamilton boosted its position in shares of Accenture plc (NYSE: ACN – Get Rating) by 13.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 513 shares of the information technology services provider’s stock after acquiring an additional 61 shares during the period. Rosenberg Matthew Hamilton’s holdings in Accenture were worth $ 173,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Accenture by 1.7% in the 4th quarter. BlackRock Inc. now owns 46,215,372 shares of the information technology services provider’s stock valued at $ 19,158,583,000 after buying an additional 772,476 shares in the last quarter. State Street Corp raised its position in Accenture by 3.2% in the 4th quarter. State Street Corp now owns 26,117,172 shares of the information technology services provider’s stock valued at $ 10,826,880,000 after purchasing an additional 817,970 shares during the last quarter. Geode Capital Management LLC raised its position in Accenture by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 10,724,559 shares of the information technology services provider’s stock valued at $ 4,434,616,000 after purchasing an additional 290,325 shares during the last quarter. Norges Bank purchased a new stake in Accenture in the 4th quarter valued at $ 2,346,198,000. Finally, Nuveen Asset Management LLC raised its position in Accenture by 6.1% in the 4th quarter. Nuveen Asset Management LLC now owns 5,291,047 shares of the information technology services provider’s stock valued at $ 2,193,403,000 after purchasing an additional 302,484 shares during the last quarter. Institutional investors own 74.46% of the company stock.
ACN has been the subject of a number of analyst reports. Royal Bank of Canada cut their price objective on shares of Accenture from $ 435.00 to $ 357.00 in a research report on Friday. Stifel Nicolaus cut their price objective on shares of Accenture from $ 440.00 to $ 368.00 in a research report on Thursday, March 17th. Robert W. Baird cut their objective price on shares of Accenture from $ 340.00 to $ 310.00 and set a “neutral” rating for the company in a research report on Friday. StockNews.com assumed coverage on shares of Accenture in a research report on Thursday, March 31st. They set a “buy” rating for the company. Finally, BMO Capital Markets assumed coverage on shares of Accenture in a report on Friday. They issued a “hold” rating and a $ 337.00 price target for the company. Six investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Accenture presently has an average rating of “Moderate Buy” and an average target price of $ 361.17.
ACN opened at $ 299.37 on Friday. The company 50 day simple moving average is $ 294.55 and its 200 day simple moving average is $ 329.54. Accenture plc has a 1 year low of $ 268.17 and a 1 year high of $ 417.37. The stock has a market capitalization of $ 189.77 billion, a PE ratio of 29.04, a P / E / G ratio of 2.68 and a beta of 1.24.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Thursday, July 14th will be issued a $ 0.97 dividend. The ex-dividend date is Wednesday, July 13th. This represents a $ 3.88 annualized dividend and a yield of 1.30%. Accenture’s payout ratio is 37.63%.
In other news, General Counsel Joel Unruch sold 470 shares of Accenture stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $ 315.06, for a total transaction of $ 148,078.20. Following the sale, the general counsel now owns 26,427 shares in the company, valued at $ 8,326,090.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ellyn Shook sold 750 shares of Accenture stock in a transaction that occurred on Monday, April 25th. The shares were sold at an average price of $ 310.55, for a total transaction of $ 232,912.50. Following the sale, the insider now owns 21,846 shares in the company, valued at approximately $ 6,784,275.30. The disclosure for this sale can be found here. Insiders sold 10,757 shares of company stock worth $ 3,386,681 in the last 90 days. 0.07% of the stock is currently owned by insiders.
Accenture Profile: (Get Rating)
Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.
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