First National Bank of Omaha acquired a new stake in shares of Accenture PLC (NYSE:ACN – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 34,789 shares of the information technology services provider’s stock, valued at approximately $8,579,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SkyView Investment Advisors LLC raised its holdings in shares of Accenture by 1.2% during the second quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock worth $1,108,000 after acquiring an additional 43 shares in the last quarter. Harbour Investments Inc. increased its position in Accenture by 3.6% in the 2nd quarter. Harbour Investments Inc. now owns 1,274 shares of the information technology services provider’s stock worth $381,000 after purchasing an additional 44 shares during the last quarter. Alpha Cubed Investments LLC raised its stake in shares of Accenture by 6.4% during the 2nd quarter. Alpha Cubed Investments LLC now owns 744 shares of the information technology services provider’s stock worth $222,000 after purchasing an additional 45 shares in the last quarter. Councilmark Asset Management LLC lifted its holdings in shares of Accenture by 0.5% during the 2nd quarter. Councilmark Asset Management LLC now owns 9,344 shares of the information technology services provider’s stock valued at $2,793,000 after buying an additional 45 shares during the last quarter. Finally, Investors Research Corp grew its stake in shares of Accenture by 73.8% in the 3rd quarter. Investors Research Corp now owns 106 shares of the information technology services provider’s stock valued at $26,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company’s stock.
Accenture Trading Down 2.0%
Shares of NYSE:ACN opened at $219.72 on Wednesday. Accenture PLC has a 52-week low of $215.16 and a 52-week high of $392.02. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $135.26 billion, a P/E ratio of 18.16, a P/E/G ratio of 2.16 and a beta of 1.24. The stock’s 50-day moving average is $264.90 and its 200-day moving average is $254.09.
Accenture Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, February 13th. Investors of record on Tuesday, January 13th were paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, January 13th. Accenture’s dividend payout ratio is presently 53.88%.
Wall Street Analyst Weigh In
ACN has been the topic of several recent research reports. Jefferies Financial Group raised their price objective on shares of Accenture from $270.00 to $280.00 and gave the company a “hold” rating in a research report on Thursday, January 8th. Dbs Bank upgraded shares of Accenture from a “hold” rating to a “moderate buy” rating in a report on Monday, October 27th. Argus decreased their price objective on shares of Accenture from $370.00 to $335.00 and set a “buy” rating for the company in a report on Monday, December 29th. Citigroup upgraded Accenture to a “hold” rating in a report on Thursday, October 23rd. Finally, Berenberg Bank started coverage on Accenture in a research note on Thursday, January 22nd. They set a “buy” rating and a $313.00 price target for the company. Sixteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $298.38.
View Our Latest Research Report on ACN
Insider Transactions at Accenture
In other Accenture news, COO Catherine Kiernan Hogan sold 660 shares of the firm’s stock in a transaction on Monday, January 26th. The shares were sold at an average price of $280.93, for a total value of $185,413.80. Following the sale, the chief operating officer directly owned 12,688 shares in the company, valued at $3,564,439.84. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John F. Walsh sold 3,986 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total transaction of $1,101,650.68. Following the transaction, the chief executive officer directly owned 27,221 shares of the company’s stock, valued at $7,523,339.98. This represents a 12.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 22,088 shares of company stock worth $5,970,434. 0.02% of the stock is currently owned by insiders.
Accenture Company Profile
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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