First Hawaiian Bank reduced its position in Accenture Plc (NYSE:ACN) by 1.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,914 shares of the information technology services provider’s stock after selling 209 shares during the quarter. First Hawaiian Bank’s holdings in Accenture were worth $3,153,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Valley National Advisers Inc. boosted its holdings in shares of Accenture by 70.2% during the 4th quarter. Valley National Advisers Inc. now owns 177 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 73 shares in the last quarter. Focused Wealth Management Inc boosted its holdings in shares of Accenture by 100.0% during the 4th quarter. Focused Wealth Management Inc now owns 200 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 100 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of Accenture during the 4th quarter valued at $42,000. Hanson McClain Inc. boosted its holdings in shares of Accenture by 28.4% during the 4th quarter. Hanson McClain Inc. now owns 339 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 75 shares in the last quarter. Finally, WealthTrust Arizona LLC boosted its holdings in shares of Accenture by 25.1% during the 4th quarter. WealthTrust Arizona LLC now owns 359 shares of the information technology services provider’s stock valued at $51,000 after buying an additional 72 shares in the last quarter. Institutional investors own 70.14% of the company’s stock.
In other Accenture news, insider Ellyn Shook sold 1,172 shares of Accenture stock in a transaction on Friday, February 1st. The stock was sold at an average price of $155.00, for a total value of $181,660.00. Following the sale, the insider now owns 36,337 shares in the company, valued at $5,632,235. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction on Thursday, January 17th. The shares were sold at an average price of $148.48, for a total value of $296,960.00. Following the completion of the sale, the insider now owns 134,181 shares in the company, valued at approximately $19,923,194.88. The disclosure for this sale can be found here. Insiders have sold 16,314 shares of company stock worth $2,604,645 in the last three months. 0.18% of the stock is currently owned by corporate insiders.
Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 28th. The information technology services provider reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.16. The business had revenue of $10.45 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Accenture had a return on equity of 38.57% and a net margin of 10.52%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 earnings per share. Research analysts anticipate that Accenture Plc will post 7.3 EPS for the current year.
The business also recently disclosed a semiannual dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be paid a dividend of $1.46 per share. This represents a yield of 1.66%. The ex-dividend date is Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is currently 43.32%.
ACN has been the subject of a number of recent analyst reports. Wells Fargo & Co set a $165.00 target price on Accenture and gave the stock a “buy” rating in a research report on Thursday, December 20th. Morgan Stanley set a $178.00 target price on Accenture and gave the company a “buy” rating in a research report on Friday, December 21st. KeyCorp restated a “buy” rating and set a $173.00 price target on shares of Accenture in a report on Friday, December 21st. Citigroup raised Accenture from a “neutral” rating to a “buy” rating and increased their price target for the stock from $161.00 to $169.00 in a research report on Wednesday, January 16th. Finally, Bank of America raised Accenture from a “neutral” rating to a “buy” rating and set a $143.07 price objective on the stock in a research report on Tuesday, January 8th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $183.58.
Accenture Company Profile
Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.
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