Ossiam decreased its holdings in shares of Accenture plc (NYSE:ACN - Free Report) by 61.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 116,907 shares of the information technology services provider's stock after selling 189,665 shares during the period. Ossiam's holdings in Accenture were worth $41,127,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Baldwin Wealth Partners LLC MA increased its stake in shares of Accenture by 6.5% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider's stock worth $22,314,000 after acquiring an additional 3,883 shares during the period. Davidson Trust Co. increased its position in Accenture by 7.4% during the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider's stock worth $812,000 after purchasing an additional 158 shares during the period. Franklin Street Advisors Inc. NC raised its stake in shares of Accenture by 126.8% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider's stock worth $14,090,000 after buying an additional 22,391 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its stake in shares of Accenture by 37.5% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider's stock valued at $1,088,000 after buying an additional 843 shares in the last quarter. Finally, SteelPeak Wealth LLC boosted its position in shares of Accenture by 127.1% during the 4th quarter. SteelPeak Wealth LLC now owns 2,323 shares of the information technology services provider's stock worth $817,000 after purchasing an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 75.14% of the company's stock.
Insider Buying and Selling at Accenture
In other news, General Counsel Joel Unruch sold 4,750 shares of Accenture 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 approximately $7,446,422.28. The trade was a 18.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela Beatty sold 169 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $281.90, for a total value of $47,641.10. Following the sale, the insider now owns 5,364 shares of the company's stock, valued at approximately $1,512,111.60. This trade represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,791 shares of company stock valued at $6,978,161 over the last 90 days. 0.02% of the stock is owned by corporate insiders.
Accenture Trading Up 0.8 %
NYSE ACN traded up $2.45 during mid-day trading on Thursday, hitting $290.61. The company's stock had a trading volume of 2,084,005 shares, compared to its average volume of 3,005,243. The stock's fifty day simple moving average is $319.94 and its two-hundred day simple moving average is $348.16. Accenture plc has a 52-week low of $275.01 and a 52-week high of $398.35. 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 firm has a market capitalization of $182.01 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32.
Accenture (NYSE:ACN - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.01. The firm had revenue of $16.70 billion during the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a return on equity of 26.91% and a net margin of 11.41%. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.77 EPS. Research analysts expect that Accenture plc will post 12.73 EPS for the current year.
Accenture Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, April 10th. Accenture's dividend payout ratio is presently 48.89%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. BMO Capital Markets increased their target price on shares of Accenture to $355.00 and gave the company a "hold" rating in a report on Wednesday, March 26th. Mizuho cut their target price on shares of Accenture from $428.00 to $398.00 and set an "outperform" rating for the company in a research report on Wednesday, March 19th. StockNews.com lowered shares of Accenture from a "buy" rating to a "hold" rating in a research report on Tuesday, March 11th. Guggenheim cut their price objective on Accenture from $400.00 to $395.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Finally, Morgan Stanley lowered their target price on Accenture from $380.00 to $372.00 and set an "equal weight" rating on the stock in a report on Monday, March 17th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Accenture currently has an average rating of "Moderate Buy" and a consensus price target of $377.82.
Read Our Latest Report on Accenture
About Accenture
(
Free Report)
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.
Featured Articles
Before you consider Accenture, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Accenture wasn't on the list.
While Accenture currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
