Glenview Trust Co Sells 146 Shares of Accenture plc (NYSE:ACN)

Glenview Trust Co decreased its holdings in Accenture plc (NYSE:ACNGet Rating) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,735 shares of the information technology services provider’s stock after selling 146 shares during the period. Glenview Trust Co’s holdings in Accenture were worth $1,548,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Panagora Asset Management Inc. lifted its stake in shares of Accenture by 397.6% during the 4th quarter. Panagora Asset Management Inc. now owns 176,618 shares of the information technology services provider’s stock worth $73,217,000 after acquiring an additional 141,125 shares during the last quarter. Paradigm Financial Partners LLC increased its stake in Accenture by 600.3% in the fourth quarter. Paradigm Financial Partners LLC now owns 72,786 shares of the information technology services provider’s stock worth $27,303,000 after purchasing an additional 62,392 shares during the period. Abeille Asset Management SA purchased a new stake in Accenture in the fourth quarter worth $2,007,000. Manchester Capital Management LLC increased its stake in Accenture by 3.1% in the fourth quarter. Manchester Capital Management LLC now owns 2,481 shares of the information technology services provider’s stock worth $1,028,000 after purchasing an additional 75 shares during the period. Finally, Fosun International Ltd increased its stake in Accenture by 3.4% in the fourth quarter. Fosun International Ltd now owns 11,047 shares of the information technology services provider’s stock worth $4,587,000 after purchasing an additional 364 shares during the period. 74.46% of the stock is owned by hedge funds and other institutional investors.

NYSE ACN traded down $3.81 during trading on Thursday, hitting $277.13. The company’s stock had a trading volume of 41,811 shares, compared to its average volume of 2,654,476. The company has a market cap of $175.67 billion, a PE ratio of 28.32, a P/E/G ratio of 2.74 and a beta of 1.24. The business’s 50 day simple moving average is $318.21 and its 200-day simple moving average is $345.97. Accenture plc has a fifty-two week low of $276.88 and a fifty-two week high of $417.37.

Accenture (NYSE:ACNGet Rating) last issued its quarterly earnings results on Thursday, March 17th. The information technology services provider reported $2.54 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.17. The business had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $14.67 billion. Accenture had a return on equity of 31.16% and a net margin of 11.28%. The company’s quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter last year, the company earned $2.03 earnings per share. On average, research analysts forecast that Accenture plc will post 10.8 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 13th. Stockholders of record on Thursday, April 14th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, April 13th. Accenture’s payout ratio is 39.11%.

A number of research firms have weighed in on ACN. Robert W. Baird lowered Accenture to a “neutral” rating in a research note on Friday, April 22nd. BMO Capital Markets reduced their target price on Accenture from $460.00 to $385.00 in a research note on Friday, March 18th. StockNews.com initiated coverage on Accenture in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Zacks Investment Research lowered Accenture from a “buy” rating to a “hold” rating and set a $323.00 price target on the stock. in a research note on Tuesday, March 15th. Finally, Royal Bank of Canada raised their price target on Accenture from $430.00 to $435.00 and gave the company an “outperform” rating in a research note on Friday, March 18th. Eight research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $383.35.

In related news, insider Ellyn Shook sold 750 shares of Accenture stock in a transaction that occurred on Monday, April 25th. The stock was sold at an average price of $310.55, for a total transaction of $232,912.50. Following the completion of the transaction, the insider now directly owns 21,846 shares in the company, valued at $6,784,275.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 3,287 shares of Accenture stock in a transaction that occurred on Monday, April 18th. The shares were sold at an average price of $315.22, for a total value of $1,036,128.14. Following the transaction, the chief executive officer now owns 19,836 shares of the company’s stock, valued at $6,252,703.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,757 shares of company stock valued at $3,386,681. Company insiders own 0.07% of the company’s stock.

Accenture Profile (Get Rating)

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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