OLD National Bancorp IN Has $1.16 Million Stock Holdings in Accenture plc (NYSE:ACN)

OLD National Bancorp IN lowered its stake in Accenture plc (NYSE:ACN) by 39.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,295 shares of the information technology services provider’s stock after selling 2,111 shares during the quarter. OLD National Bancorp IN’s holdings in Accenture were worth $1,159,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. State Street Corp increased its holdings in Accenture by 1.8% during the 3rd quarter. State Street Corp now owns 27,400,836 shares of the information technology services provider’s stock worth $9,685,648,000 after purchasing an additional 471,792 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Accenture by 378.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,491,736 shares of the information technology services provider’s stock valued at $1,941,219,000 after buying an additional 4,345,039 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Accenture by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,823,754 shares of the information technology services provider’s stock valued at $1,705,100,000 after acquiring an additional 56,937 shares in the last quarter. Swedbank AB grew its stake in shares of Accenture by 47.5% during the 4th quarter. Swedbank AB now owns 3,763,690 shares of the information technology services provider’s stock worth $1,324,029,000 after acquiring an additional 1,212,011 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Accenture by 1.5% in the third quarter. Stifel Financial Corp now owns 1,892,409 shares of the information technology services provider’s stock valued at $668,974,000 after purchasing an additional 28,491 shares during the last quarter. Institutional investors own 75.14% of the company’s stock.

Accenture Stock Performance

ACN opened at $384.88 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.47 and a quick ratio of 1.47. The business has a fifty day simple moving average of $359.04 and a 200 day simple moving average of $349.42. Accenture plc has a 1 year low of $278.69 and a 1 year high of $387.51. The company has a market capitalization of $240.86 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 3.33 and a beta of 1.24.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 19th. The information technology services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.43 by $0.16. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The business had revenue of $17.69 billion for the quarter, compared to the consensus estimate of $17.15 billion. During the same period in the prior year, the company posted $3.27 earnings per share. Accenture’s revenue was up 9.0% compared to the same quarter last year. Research analysts expect that Accenture plc will post 12.69 EPS for the current year.

Accenture Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Thursday, January 16th. Accenture’s dividend payout ratio is currently 49.66%.

Insiders Place Their Bets

In related news, insider Angela Beatty sold 375 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $358.50, for a total value of $134,437.50. Following the transaction, the insider now owns 5,149 shares in the company, valued at approximately $1,845,916.50. This trade represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Joel Unruch sold 4,750 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $362.78, for a total transaction of $1,723,205.00. Following the sale, the general counsel now directly owns 20,526 shares of the company’s stock, valued at $7,446,422.28. This represents a 18.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,446 shares of company stock worth $5,852,848 in the last 90 days. Company insiders own 0.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Accenture from $450.00 to $455.00 and gave the company a “buy” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. lifted their target price on Accenture from $370.00 to $396.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Piper Sandler increased their price target on Accenture from $422.00 to $429.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Robert W. Baird reiterated a “neutral” rating and set a $370.00 price objective on shares of Accenture in a research note on Tuesday, December 3rd. Finally, Morgan Stanley raised their target price on shares of Accenture from $335.00 to $380.00 and gave the company an “equal weight” rating in a research note on Friday. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $387.22.

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.