MainStreet Investment Advisors LLC lowered its holdings in shares of Accenture plc (NYSE:ACN) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,753 shares of the information technology services provider’s stock after selling 1,403 shares during the period. MainStreet Investment Advisors LLC’s holdings in Accenture were worth $4,376,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. SeaCrest Wealth Management LLC boosted its stake in Accenture by 4.8% during the fourth quarter. SeaCrest Wealth Management LLC now owns 1,811 shares of the information technology services provider’s stock worth $473,000 after buying an additional 83 shares in the last quarter. Marietta Wealth Management LLC lifted its holdings in shares of Accenture by 3.5% during the fourth quarter. Marietta Wealth Management LLC now owns 16,264 shares of the information technology services provider’s stock valued at $4,248,000 after acquiring an additional 556 shares during the period. Swedbank lifted its holdings in shares of Accenture by 29.1% during the fourth quarter. Swedbank now owns 724,310 shares of the information technology services provider’s stock valued at $186,539,000 after acquiring an additional 163,298 shares during the period. Blair William & Co. IL lifted its holdings in shares of Accenture by 1.0% during the fourth quarter. Blair William & Co. IL now owns 629,022 shares of the information technology services provider’s stock valued at $164,307,000 after acquiring an additional 6,236 shares during the period. Finally, Chartwell Investment Partners LLC lifted its holdings in shares of Accenture by 7.2% during the fourth quarter. Chartwell Investment Partners LLC now owns 26,398 shares of the information technology services provider’s stock valued at $6,896,000 after acquiring an additional 1,762 shares during the period. Hedge funds and other institutional investors own 70.99% of the company’s stock.
In other news, Chairman David Rowland sold 7,966 shares of the firm’s stock in a transaction dated Wednesday, February 3rd. The stock was sold at an average price of $248.51, for a total transaction of $1,979,630.66. Also, CAO Richard P. Clark sold 3,115 shares of the firm’s stock in a transaction dated Tuesday, January 19th. The stock was sold at an average price of $255.85, for a total value of $796,972.75. Following the transaction, the chief accounting officer now owns 18,705 shares of the company’s stock, valued at $4,785,674.25. The disclosure for this sale can be found here. Insiders sold 38,915 shares of company stock worth $9,882,906 over the last ninety days. 0.07% of the stock is currently owned by insiders.
Accenture (NYSE:ACN) last released its quarterly earnings data on Wednesday, December 16th. The information technology services provider reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.12. The business had revenue of $11.76 billion for the quarter, compared to analyst estimates of $11.36 billion. Accenture had a return on equity of 29.32% and a net margin of 11.74%. Accenture’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $2.09 earnings per share. Equities research analysts forecast that Accenture plc will post 8.22 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 12th. Investors of record on Thursday, January 14th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.39%. The ex-dividend date was Wednesday, January 13th. Accenture’s dividend payout ratio (DPR) is presently 47.18%.
A number of research analysts have issued reports on ACN shares. Barclays lifted their price objective on Accenture from $245.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, December 21st. Susquehanna Bancshares cut Accenture from a “positive” rating to a “neutral” rating and set a $250.00 price objective for the company. in a report on Monday, December 7th. Smith Barney Citigroup lifted their price target on Accenture from $265.00 to $303.00 in a report on Friday, December 18th. Morgan Stanley lifted their price target on Accenture from $263.00 to $264.00 and gave the company an “overweight” rating in a report on Tuesday, December 15th. Finally, The Goldman Sachs Group started coverage on Accenture in a report on Thursday, November 19th. They issued a “buy” rating and a $278.00 price target for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $250.76.
Accenture Company Profile
Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company also provides outsourcing services. It serves communications, media, high tech, software, and platform companies; banking, capital market, and insurance industries; and consumer goods, retail, travel services, industrial, and life science industries, as well as clients in health, public service, chemicals and natural resources, energy, and utilities sectors.
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