Terra Alpha Investments LLC cut its position in shares of Accenture PLC (NYSE:ACN – Free Report) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,945 shares of the information technology services provider’s stock after selling 89 shares during the period. Accenture makes up 4.0% of Terra Alpha Investments LLC’s portfolio, making the stock its 11th largest holding. Terra Alpha Investments LLC’s holdings in Accenture were worth $3,869,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in ACN. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Accenture during the 1st quarter worth about $31,000. RMG Wealth Management LLC purchased a new stake in Accenture in the 2nd quarter valued at about $33,000. WPG Advisers LLC purchased a new stake in Accenture in the 1st quarter valued at about $42,000. Cheviot Value Management LLC purchased a new stake in Accenture in the 1st quarter valued at about $43,000. Finally, Fiduciary Wealth Partners LLC purchased a new stake in Accenture in the 1st quarter valued at about $45,000. 75.14% of the stock is owned by hedge funds and other institutional investors.
Accenture Trading Up 3.5%
NYSE ACN opened at $250.70 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. The firm has a market cap of $165.08 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 2.11 and a beta of 1.28. The company has a 50 day moving average price of $247.11 and a 200 day moving average price of $278.25. Accenture PLC has a 52 week low of $229.40 and a 52 week high of $398.35.
Accenture Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 10th will be paid a dividend of $1.63 per share. This is a boost from Accenture’s previous quarterly dividend of $1.48. The ex-dividend date is Friday, October 10th. This represents a $6.52 annualized dividend and a dividend yield of 2.6%. Accenture’s dividend payout ratio (DPR) is presently 53.66%.
Analyst Ratings Changes
Several equities research analysts have issued reports on ACN shares. Mizuho lowered their price objective on shares of Accenture from $348.00 to $309.00 and set an “outperform” rating for the company in a research report on Monday, September 29th. BNP Paribas Exane lowered their price objective on shares of Accenture from $300.00 to $255.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. UBS Group lowered their price objective 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. Guggenheim reduced their price target on shares of Accenture from $305.00 to $285.00 and set a “buy” rating for the company in a report on Friday, September 26th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Accenture in a report on Tuesday, September 30th. One investment 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 data from MarketBeat, Accenture has an average rating of “Moderate Buy” and a consensus price target of $298.17.
Get Our Latest Analysis on ACN
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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