Sava Infond d.o.o. Invests $4.70 Million in Accenture plc (NYSE:ACN)

Sava Infond d.o.o. bought a new position in Accenture plc (NYSE:ACN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 13,370 shares of the information technology services provider’s stock, valued at approximately $4,703,000. Accenture accounts for 0.8% of Sava Infond d.o.o.’s investment portfolio, making the stock its 24th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Accenture by 4.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,919,848 shares of the information technology services provider’s stock valued at $1,033,188,000 after acquiring an additional 113,949 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Accenture in the fourth quarter valued at approximately $1,372,000. Aviso Wealth Management lifted its position in shares of Accenture by 7.2% in the fourth quarter. Aviso Wealth Management now owns 1,148 shares of the information technology services provider’s stock worth $404,000 after purchasing an additional 77 shares in the last quarter. Financial Engines Advisors L.L.C. boosted its holdings in Accenture by 1.4% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 2,478 shares of the information technology services provider’s stock worth $872,000 after purchasing an additional 34 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp grew its position in Accenture by 0.3% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 36,446 shares of the information technology services provider’s stock valued at $12,821,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Accenture Price Performance

Shares of NYSE ACN opened at $311.38 on Thursday. The business’s 50 day moving average is $356.77 and its 200-day moving average is $356.56. The firm has a market cap of $194.86 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. Accenture plc has a 1-year low of $278.69 and a 1-year high of $398.35. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.01. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The company had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. During the same quarter last year, the firm earned $2.77 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. Equities research analysts predict that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

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 given a dividend of $1.48 per share. 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 payout ratio is 48.89%.

Insider Transactions at Accenture

In other news, CAO Melissa A. Burgum sold 232 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $394.46, for a total value of $91,514.72. Following the completion of the transaction, the chief accounting officer now directly owns 8,915 shares in the company, valued at approximately $3,516,610.90. The trade was a 2.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela Beatty sold 961 shares of Accenture stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $354.47, for a total transaction of $340,645.67. Following the completion of the transaction, the insider now directly owns 5,484 shares in the company, valued at $1,943,913.48. This trade represents a 14.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,905 shares of company stock valued at $8,181,753. 0.02% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wolfe Research upgraded shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price objective for the company in a research note on Wednesday, January 8th. Jefferies Financial Group reduced their price target on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a research report on Tuesday, January 21st. Barclays lowered their price target on Accenture from $415.00 to $390.00 and set an “overweight” rating on the stock in a research report on Monday. StockNews.com downgraded Accenture from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Finally, Royal Bank of Canada lowered their target price on shares of Accenture from $399.00 to $392.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $378.23.

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.