Blair William & Co. IL Reduces Stock Position in Accenture Plc (NYSE:ACN)

Blair William & Co. IL lowered its position in shares of Accenture Plc (NYSE:ACN) by 1.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 621,128 shares of the information technology services provider’s stock after selling 8,013 shares during the period. Blair William & Co. IL owned about 0.10% of Accenture worth $101,405,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Accenture by 0.5% in the 1st quarter. BlackRock Inc. now owns 45,176,930 shares of the information technology services provider’s stock worth $7,375,586,000 after purchasing an additional 222,548 shares during the period. State Street Corp lifted its position in shares of Accenture by 0.6% in the 4th quarter. State Street Corp now owns 26,753,807 shares of the information technology services provider’s stock worth $5,633,592,000 after purchasing an additional 167,152 shares during the period. Geode Capital Management LLC lifted its position in shares of Accenture by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 10,540,443 shares of the information technology services provider’s stock worth $2,215,995,000 after purchasing an additional 165,557 shares during the period. FMR LLC lifted its position in shares of Accenture by 6.3% in the 4th quarter. FMR LLC now owns 9,222,062 shares of the information technology services provider’s stock worth $1,941,889,000 after purchasing an additional 550,509 shares during the period. Finally, WCM Investment Management LLC lifted its position in shares of Accenture by 4.7% in the 1st quarter. WCM Investment Management LLC now owns 7,140,160 shares of the information technology services provider’s stock worth $1,165,702,000 after purchasing an additional 320,253 shares during the period. 74.31% of the stock is owned by institutional investors and hedge funds.

In related news, Chairman David Rowland sold 5,405 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $185.00, for a total value of $999,925.00. Following the sale, the chairman now owns 17,199 shares in the company, valued at $3,181,815. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ellyn Shook sold 1,251 shares of the business’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $175.00, for a total transaction of $218,925.00. Following the completion of the sale, the insider now owns 25,178 shares in the company, valued at approximately $4,406,150. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,221 shares of company stock worth $4,169,477. Company insiders own 0.10% of the company’s stock.

Several research firms have recently commented on ACN. Atlantic Securities began coverage on shares of Accenture in a research report on Wednesday, February 19th. They issued an “overweight” rating and a $246.00 target price for the company. Piper Sandler began coverage on shares of Accenture in a research report on Thursday. They issued a “neutral” rating and a $196.00 target price for the company. UBS Group decreased their price target on shares of Accenture from $205.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, March 20th. Moffett Nathanson upgraded shares of Accenture from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research note on Friday, March 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Accenture from $227.00 to $188.00 and set an “overweight” rating for the company in a research note on Tuesday, March 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. Accenture currently has a consensus rating of “Buy” and a consensus target price of $208.89.

Shares of ACN stock traded up $0.21 during trading hours on Friday, reaching $193.71. The company had a trading volume of 1,317,507 shares, compared to its average volume of 2,188,446. The business has a fifty day moving average price of $176.96 and a 200-day moving average price of $191.64. Accenture Plc has a one year low of $137.15 and a one year high of $216.39. The firm has a market cap of $123.00 billion, a PE ratio of 25.26, a price-to-earnings-growth ratio of 2.56 and a beta of 1.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.38.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, March 19th. The information technology services provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.19. Accenture had a net margin of 11.13% and a return on equity of 32.87%. The firm had revenue of $11.14 billion during the quarter, compared to analyst estimates of $11.10 billion. During the same period in the previous year, the business posted $1.73 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts forecast that Accenture Plc will post 7.57 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 16th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Wednesday, April 15th. Accenture’s payout ratio is currently 43.48%.

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.

Recommended Story: Oversold

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture Plc (NYSE:ACN).

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.