DeDora Capital Inc. Has $1.29 Million Position in Accenture plc (NYSE:ACN)

DeDora Capital Inc. grew its position in shares of Accenture plc (NYSE:ACN) by 55.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,719 shares of the information technology services provider’s stock after buying an additional 1,331 shares during the period. DeDora Capital Inc.’s holdings in Accenture were worth $1,289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ACN. Vanguard Group Inc. grew its position in shares of Accenture by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 58,434,025 shares of the information technology services provider’s stock worth $17,945,673,000 after purchasing an additional 184,541 shares in the last quarter. FMR LLC boosted its stake in shares of Accenture by 4.4% in the third quarter. FMR LLC now owns 13,316,028 shares of the information technology services provider’s stock valued at $4,089,485,000 after buying an additional 565,505 shares during the period. Wellington Management Group LLP increased its stake in Accenture by 7.0% during the 3rd quarter. Wellington Management Group LLP now owns 11,034,666 shares of the information technology services provider’s stock worth $3,388,856,000 after acquiring an additional 720,647 shares during the period. Capital Research Global Investors raised its holdings in Accenture by 1.9% in the 4th quarter. Capital Research Global Investors now owns 8,479,430 shares of the information technology services provider’s stock valued at $2,975,517,000 after acquiring an additional 159,696 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Accenture by 5.6% during the 3rd quarter. Northern Trust Corp now owns 8,285,864 shares of the information technology services provider’s stock worth $2,544,672,000 after purchasing an additional 443,004 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Accenture Trading Up 1.1 %

ACN stock traded up $3.37 during trading on Friday, hitting $303.71. The company had a trading volume of 2,767,141 shares, compared to its average volume of 3,150,080. The stock has a market cap of $203.71 billion, a PE ratio of 27.53, a PEG ratio of 2.85 and a beta of 1.21. The business has a 50-day moving average of $342.95 and a 200-day moving average of $341.73. Accenture plc has a one year low of $261.68 and a one year high of $387.51.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.11. The company had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. Accenture’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.69 earnings per share. Research analysts forecast that Accenture plc will post 12.09 EPS for the current year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be paid a $1.29 dividend. This represents a $5.16 annualized dividend and a yield of 1.70%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Mizuho reaffirmed a “buy” rating and set a $398.00 price objective (down previously from $426.00) on shares of Accenture in a research report on Friday, March 22nd. Bank of America increased their price target on shares of Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. BMO Capital Markets cut their target price on Accenture from $385.00 to $375.00 and set a “market perform” rating for the company in a research note on Friday, March 22nd. Redburn Atlantic lifted their price target on Accenture from $410.00 to $445.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, Citigroup dropped their price objective on Accenture from $430.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $387.00.

Insider Transactions at Accenture

In related news, CEO Manish Sharma sold 1,486 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $370.39, for a total transaction of $550,399.54. Following the transaction, the chief executive officer now owns 4,503 shares in the company, valued at approximately $1,667,866.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Accenture news, CFO Kathleen R. Mcclure sold 2,070 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $370.32, for a total transaction of $766,562.40. Following the transaction, the chief financial officer now owns 47,110 shares in the company, valued at $17,445,775.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Manish Sharma sold 1,486 shares of Accenture stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $370.39, for a total transaction of $550,399.54. Following the transaction, the chief executive officer now owns 4,503 shares of the company’s stock, valued at $1,667,866.17. The disclosure for this sale can be found here. Insiders sold a total of 31,639 shares of company stock valued at $10,276,287 in the last quarter. 0.07% of the stock is currently owned by company insiders.

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.