Commerzbank Aktiengesellschaft FI lifted its position in Accenture PLC (NYSE:ACN – Free Report) by 7.0% in the second quarter, Holdings Channel reports. The firm owned 49,959 shares of the information technology services provider’s stock after buying an additional 3,290 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Accenture were worth $14,932,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in Accenture by 36.2% during the 4th quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock worth $6,486,000 after acquiring an additional 4,905 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in Accenture by 41.4% in the first quarter. Wealthcare Advisory Partners LLC now owns 4,864 shares of the information technology services provider’s stock worth $1,518,000 after buying an additional 1,424 shares in the last quarter. Focus Financial Network Inc. raised its stake in Accenture by 10.7% in the first quarter. Focus Financial Network Inc. now owns 4,895 shares of the information technology services provider’s stock worth $1,527,000 after buying an additional 472 shares in the last quarter. Exchange Bank raised its stake in Accenture by 5.4% in the first quarter. Exchange Bank now owns 776 shares of the information technology services provider’s stock worth $242,000 after buying an additional 40 shares in the last quarter. Finally, Simon Quick Advisors LLC boosted its position in Accenture by 9.7% during the first quarter. Simon Quick Advisors LLC now owns 5,960 shares of the information technology services provider’s stock valued at $1,860,000 after purchasing an additional 525 shares in the last quarter. 75.14% of the stock is owned by institutional investors.
Accenture Stock Performance
Shares of ACN stock opened at $252.28 on Friday. The firm has a market capitalization of $158.01 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 2.20 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. The business has a fifty day moving average of $247.73 and a 200 day moving average of $282.04. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35.
Accenture Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio (DPR) is presently 48.72%.
Wall Street Analysts Forecast Growth
Several research firms have commented on ACN. UBS Group decreased their price target on shares of Accenture from $363.00 to $315.00 and set a “buy” rating for the company in a research report on Wednesday, September 24th. Rothschild & Co Redburn lifted their price target on shares of Accenture from $250.00 to $255.00 in a report on Friday, September 19th. BNP Paribas Exane cut their price target on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating on the stock in a report on Wednesday, September 24th. Guggenheim lowered their price objective on Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Accenture from $260.00 to $235.00 and set a “hold” rating for the company in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $300.22.
Check Out Our Latest Research Report on Accenture
Accenture Profile
Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.
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