Accenture Plc (NYSE:ACN) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its stake in shares of Accenture Plc (NYSE:ACN) by 1.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 621,128 shares of the information technology services provider’s stock after selling 8,013 shares during the quarter. Blair William & Co. IL’s holdings in Accenture were worth $101,405,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. RFG Advisory LLC purchased a new stake in Accenture in the 4th quarter worth approximately $253,000. Exchange Traded Concepts LLC purchased a new position in Accenture in the 4th quarter valued at $28,000. J.W. Cole Advisors Inc. purchased a new position in Accenture in the 4th quarter valued at $463,000. Chicago Partners Investment Group LLC lifted its holdings in Accenture by 10.2% in the 4th quarter. Chicago Partners Investment Group LLC now owns 10,577 shares of the information technology services provider’s stock valued at $2,210,000 after purchasing an additional 980 shares in the last quarter. Finally, Peddock Capital Advisors LLC purchased a new position in Accenture in the 4th quarter valued at $146,000. Institutional investors own 74.31% of the company’s stock.

A number of analysts have issued reports on the company. BNP Paribas assumed coverage on Accenture in a research note on Wednesday, April 15th. They issued an “outperform” rating and a $215.00 target price for the company. Moffett Nathanson raised Accenture from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a research note on Friday, March 20th. Exane BNP Paribas assumed coverage on Accenture in a research note on Wednesday, April 15th. They issued an “outperform” rating and a $215.00 target price for the company. UBS Group cut their target price on Accenture from $205.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, March 20th. Finally, Citigroup cut their target price on Accenture from $200.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, March 20th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nineteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $208.89.

In related news, Chairman David Rowland sold 5,405 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $185.00, for a total transaction of $999,925.00. Following the completion of the sale, the chairman now owns 17,199 shares in the company, valued at $3,181,815. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gianfranco Casati sold 3,682 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $180.00, for a total value of $662,760.00. Following the sale, the chief executive officer now owns 26,014 shares of the company’s stock, valued at approximately $4,682,520. The disclosure for this sale can be found here. Insiders sold a total of 23,221 shares of company stock valued at $4,169,477 in the last quarter. Company insiders own 0.10% of the company’s stock.

Shares of ACN traded up $0.21 during midday trading on Friday, hitting $193.71. The company had a trading volume of 1,317,507 shares, compared to its average volume of 2,188,446. The company’s 50-day simple moving average is $176.96 and its 200-day simple moving average is $191.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market capitalization of $123.00 billion, a P/E ratio of 25.26, a P/E/G ratio of 2.56 and a beta of 1.05. Accenture Plc has a 1 year low of $137.15 and a 1 year high of $216.39.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 19th. The information technology services provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.19. The business had revenue of $11.14 billion during the quarter, compared to analysts’ expectations of $11.10 billion. Accenture had a return on equity of 32.87% and a net margin of 11.13%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 EPS. Equities analysts predict that Accenture Plc will post 7.57 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 16th were paid a $0.80 dividend. 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 presently 43.48%.

Accenture 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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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