Vanguard Personalized Indexing Management LLC trimmed its position in Accenture PLC (NYSE:ACN – Free Report) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,134 shares of the information technology services provider’s stock after selling 218 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Accenture were worth $23,063,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Accenture by 5.7% in the first quarter. Vanguard Group Inc. now owns 63,814,234 shares of the information technology services provider’s stock worth $19,912,594,000 after purchasing an additional 3,419,577 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Accenture by 63.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 8,953,621 shares of the information technology services provider’s stock worth $2,793,889,000 after buying an additional 3,490,569 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Accenture by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 6,766,369 shares of the information technology services provider’s stock worth $2,111,378,000 after buying an additional 228,939 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Accenture by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,163,393 shares of the information technology services provider’s stock worth $1,923,225,000 after buying an additional 126,548 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Accenture by 3.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,129,053 shares of the information technology services provider’s stock worth $1,600,470,000 after buying an additional 164,573 shares during the period. 75.14% of the stock is owned by hedge funds and other institutional investors.
Accenture Stock Performance
NYSE:ACN opened at $241.11 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.42 and a quick ratio of 1.46. Accenture PLC has a 1 year low of $229.40 and a 1 year high of $398.35. The stock’s 50 day simple moving average is $247.45 and its two-hundred day simple moving average is $281.37. The company has a market cap of $151.01 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 2.10 and a beta of 1.28.
Accenture Increases Dividend
The company 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 $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 10th. This is a positive change from Accenture’s previous quarterly dividend of $1.48. Accenture’s dividend payout ratio is presently 48.72%.
Analysts Set New Price Targets
ACN has been the topic of several recent research reports. Guggenheim decreased their price objective on Accenture from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. UBS Group decreased their price objective on Accenture from $363.00 to $315.00 and set a “buy” rating on the stock in a research note on Wednesday, September 24th. JPMorgan Chase & Co. decreased their price objective on Accenture from $302.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Benchmark reissued a “mixed” rating on shares of Accenture in a research note on Friday, June 20th. Finally, Rothschild Redb downgraded Accenture from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Accenture presently has an average rating of “Moderate Buy” and an average price target of $300.22.
Read Our Latest Analysis on Accenture
Accenture Company 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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