Sava Infond d.o.o. Acquires New Holdings in Accenture plc (NYSE:ACN)

Sava Infond d.o.o. bought a new position in shares of Accenture plc (NYSE:ACN) during the fourth quarter, HoldingsChannel reports. The fund bought 13,370 shares of the information technology services provider’s stock, valued at approximately $4,703,000. Accenture makes up about 0.8% of Sava Infond d.o.o.’s portfolio, making the stock its 24th largest holding.

Other large investors also recently modified their holdings of the company. Baldwin Wealth Partners LLC MA raised its position in Accenture by 6.5% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock valued at $22,314,000 after purchasing an additional 3,883 shares during the last quarter. Davidson Trust Co. raised its holdings in Accenture by 7.4% in the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock valued at $812,000 after buying an additional 158 shares during the last quarter. Franklin Street Advisors Inc. NC boosted its position in Accenture by 126.8% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider’s stock worth $14,090,000 after buying an additional 22,391 shares during the period. China Universal Asset Management Co. Ltd. increased its position in Accenture by 37.5% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider’s stock valued at $1,088,000 after acquiring an additional 843 shares during the period. Finally, SteelPeak Wealth LLC raised its stake in shares of Accenture by 127.1% during the fourth quarter. SteelPeak Wealth LLC now owns 2,323 shares of the information technology services provider’s stock valued at $817,000 after acquiring an additional 1,300 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wolfe Research upgraded Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective for the company in a report on Wednesday, January 8th. Guggenheim decreased their price target on Accenture from $400.00 to $395.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Stifel Nicolaus cut their price objective on Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. The Goldman Sachs Group raised shares of Accenture from a “neutral” rating to a “buy” rating and increased their target price for the company from $370.00 to $420.00 in a research report on Friday, December 6th. Finally, StockNews.com lowered shares of Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $378.23.

Insider Activity at Accenture

In other Accenture news, insider Angela Beatty sold 961 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $354.47, for a total value of $340,645.67. Following the completion of the sale, the insider now directly owns 5,484 shares of the company’s stock, valued at approximately $1,943,913.48. This represents a 14.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Angie Y. Park sold 685 shares of Accenture stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $354.38, for a total transaction of $242,750.30. Following the transaction, the chief financial officer now directly owns 8,674 shares in the company, valued at approximately $3,073,892.12. This represents a 7.32 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,905 shares of company stock valued at $8,181,753 over the last 90 days. Insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of ACN opened at $311.38 on Thursday. The stock has a market cap of $194.86 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.23 and a beta of 1.24. The business’s fifty day moving average is $356.77 and its 200 day moving average is $356.56. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17. Accenture plc has a 12-month low of $278.69 and a 12-month high of $398.35.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.01. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The firm had revenue of $16.70 billion during the quarter, compared to analysts’ expectations of $16.64 billion. During the same period last year, the company earned $2.77 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. Sell-side analysts anticipate that Accenture plc will post 12.73 earnings per share for the current fiscal year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th will be issued a $1.48 dividend. The ex-dividend date is Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.90%. Accenture’s dividend payout ratio is presently 48.89%.

About Accenture

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.