Tudor Financial Inc. Invests $2.33 Million in Accenture PLC $ACN

Tudor Financial Inc. bought a new position in Accenture PLC (NYSE:ACN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,700 shares of the information technology services provider’s stock, valued at approximately $2,334,000. Accenture accounts for about 1.2% of Tudor Financial Inc.’s holdings, making the stock its 22nd largest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Brighton Jones LLC boosted its position in Accenture by 36.2% during the fourth quarter. Brighton Jones LLC now owns 18,438 shares of the information technology services provider’s stock valued at $6,486,000 after purchasing an additional 4,905 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Accenture by 46.9% during the second quarter. Sivia Capital Partners LLC now owns 2,066 shares of the information technology services provider’s stock valued at $618,000 after purchasing an additional 660 shares during the last quarter. United Bank boosted its position in Accenture by 49.8% during the second quarter. United Bank now owns 3,639 shares of the information technology services provider’s stock valued at $1,088,000 after purchasing an additional 1,209 shares during the last quarter. Bank of Nova Scotia boosted its position in Accenture by 23.0% during the second quarter. Bank of Nova Scotia now owns 828 shares of the information technology services provider’s stock valued at $247,000 after purchasing an additional 155 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its position in Accenture by 4.2% during the second quarter. Main Street Financial Solutions LLC now owns 1,767 shares of the information technology services provider’s stock valued at $528,000 after purchasing an additional 72 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Insider Activity at Accenture

In other news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $177.14, for a total value of $863,026.08. Following the transaction, the chief executive officer directly owned 12,802 shares in the company, valued at approximately $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of NYSE:ACN opened at $169.95 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.34 and a quick ratio of 1.34. The business has a 50-day moving average of $181.79 and a two-hundred day moving average of $221.83. The stock has a market capitalization of $113.09 billion, a P/E ratio of 13.92, a P/E/G ratio of 1.59 and a beta of 1.08. Accenture PLC has a fifty-two week low of $155.82 and a fifty-two week high of $317.30.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Friday, March 20th. The information technology services provider reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. The business had revenue of $18.04 billion for the quarter, compared to analyst estimates of $17.80 billion. Accenture had a return on equity of 26.33% and a net margin of 10.61%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.82 earnings per share. On average, equities research analysts predict that Accenture PLC will post 13.87 EPS for the current fiscal year.

Accenture Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 9th were paid a $1.63 dividend. The ex-dividend date was Thursday, April 9th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 3.8%. Accenture’s payout ratio is presently 53.40%.

Analysts Set New Price Targets

A number of analysts recently issued reports on ACN shares. Guggenheim reduced their price objective on Accenture from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday. JPMorgan Chase & Co. reduced their price target on Accenture from $247.00 to $201.00 and set an “overweight” rating for the company in a research report on Monday, June 8th. Citigroup reduced their price target on Accenture from $215.00 to $195.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. Stifel Nicolaus reduced their price target on Accenture from $315.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, June 3rd. Finally, TD Cowen reduced their price target on Accenture from $282.00 to $258.00 and set a “buy” rating for the company in a research report on Monday, June 8th. Seventeen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average price target of $259.89.

Accenture Company Profile

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.