Rheos Capital Works Inc. Acquires New Shares in Accenture PLC $ACN

Rheos Capital Works Inc. acquired a new stake in Accenture PLC (NYSE:ACN) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,000 shares of the information technology services provider’s stock, valued at approximately $5,366,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Jaffetilchin Investment Partners LLC lifted its holdings in shares of Accenture by 4.2% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 878 shares of the information technology services provider’s stock valued at $236,000 after buying an additional 35 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. lifted its holdings in shares of Accenture by 0.9% during the 3rd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 4,416 shares of the information technology services provider’s stock valued at $1,089,000 after buying an additional 41 shares during the period. SkyView Investment Advisors LLC lifted its holdings in shares of Accenture by 1.2% during the 2nd quarter. SkyView Investment Advisors LLC now owns 3,751 shares of the information technology services provider’s stock valued at $1,108,000 after buying an additional 43 shares during the period. IVC Wealth Advisors LLC lifted its holdings in shares of Accenture by 5.0% during the 4th quarter. IVC Wealth Advisors LLC now owns 927 shares of the information technology services provider’s stock valued at $249,000 after buying an additional 44 shares during the period. Finally, Investors Research Corp lifted its holdings in shares of Accenture by 73.8% during 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 during the period. 75.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price target on Accenture from $280.00 to $230.00 and set a “hold” rating on the stock in a report on Friday, March 6th. UBS Group reaffirmed a “buy” rating on shares of Accenture in a report on Tuesday, March 17th. JPMorgan Chase & Co. raised their target price on Accenture from $243.00 to $247.00 and gave the stock an “overweight” rating in a report on Friday, March 20th. Mizuho decreased their target price on Accenture from $309.00 to $280.00 and set an “outperform” rating on the stock in a report on Monday, March 23rd. Finally, Piper Sandler set a $282.00 target price on Accenture in a report on Thursday, March 5th. Eighteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $274.88.

Accenture Price Performance

Shares of Accenture stock opened at $198.93 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.34. The stock’s fifty day moving average is $215.58 and its 200 day moving average is $242.91. The stock has a market cap of $132.37 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.91 and a beta of 1.24. Accenture PLC has a one year low of $187.00 and a one year high of $325.71.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Friday, March 20th. The information technology services provider reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.09. The business had revenue of $18.04 billion for the quarter, compared to analysts’ expectations of $17.80 billion. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $2.82 earnings per share. Sell-side analysts anticipate that Accenture PLC will post 12.73 earnings per share for the current year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 9th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $6.52 dividend on an annualized basis and a yield of 3.3%. Accenture’s dividend payout ratio (DPR) is currently 53.40%.

Insider Buying and Selling at Accenture

In other Accenture news, CAO Melissa A. Burgum sold 3,588 shares of the firm’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $281.01, for a total transaction of $1,008,263.88. Following the sale, the chief accounting officer directly owned 8,179 shares of the company’s stock, valued at $2,298,380.79. This trade represents a 30.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John F. Walsh sold 3,986 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $276.38, for a total value of $1,101,650.68. Following the sale, the chief executive officer directly owned 27,221 shares in the company, valued at approximately $7,523,339.98. This represents a 12.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 20,756 shares of company stock valued at $5,604,134. 0.02% of the stock is currently owned by corporate insiders.

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.