Accenture plc (NYSE:ACN) Shares Sold by Soros Fund Management LLC

Soros Fund Management LLC lessened its holdings in Accenture plc (NYSE:ACNGet Rating) by 33.1% in the 4th quarter, Holdings Channel reports. The firm owned 50,500 shares of the information technology services provider’s stock after selling 25,000 shares during the quarter. Soros Fund Management LLC’s holdings in Accenture were worth $20,935,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Engine NO. 1 LLC grew its position in Accenture by 68.2% in the third quarter. Engine NO. 1 LLC now owns 3,417 shares of the information technology services provider’s stock valued at $1,093,000 after purchasing an additional 1,386 shares in the last quarter. FDx Advisors Inc. lifted its holdings in shares of Accenture by 6.3% in the fourth quarter. FDx Advisors Inc. now owns 169,310 shares of the information technology services provider’s stock worth $70,188,000 after buying an additional 10,044 shares in the last quarter. Hilton Capital Management LLC raised its stake in Accenture by 1.5% in the third quarter. Hilton Capital Management LLC now owns 64,972 shares of the information technology services provider’s stock valued at $20,786,000 after purchasing an additional 953 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Accenture by 4.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 48,675 shares of the information technology services provider’s stock valued at $20,178,000 after purchasing an additional 2,054 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Accenture by 4.9% during the fourth quarter. Van ECK Associates Corp now owns 85,404 shares of the information technology services provider’s stock valued at $35,404,000 after acquiring an additional 3,973 shares during the last quarter. Institutional investors own 74.46% of the company’s stock.

Shares of NYSE:ACN traded up $4.90 during midday trading on Tuesday, hitting $291.07. The company’s stock had a trading volume of 1,598,025 shares, compared to its average volume of 2,625,074. Accenture plc has a fifty-two week low of $274.79 and a fifty-two week high of $417.37. The stock has a market capitalization of $184.51 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 2.66 and a beta of 1.24. The stock’s 50 day simple moving average is $316.88 and its 200 day simple moving average is $344.41.

Accenture (NYSE:ACNGet Rating) last released its earnings results on Thursday, March 17th. The information technology services provider reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.18. The firm had revenue of $15.05 billion during the quarter, compared to analyst estimates of $14.67 billion. Accenture had a net margin of 11.28% and a return on equity of 31.16%. The business’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.03 EPS. Analysts forecast that Accenture plc will post 10.8 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Thursday, April 14th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Wednesday, April 13th. Accenture’s payout ratio is 39.11%.

In other news, General Counsel Joel Unruch sold 470 shares of Accenture stock in a transaction on Monday, April 18th. The stock was sold at an average price of $315.06, for a total transaction of $148,078.20. Following the completion of the sale, the general counsel now directly owns 26,427 shares in the company, valued at $8,326,090.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Julie Spellman Sweet sold 3,287 shares of the business’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $315.22, for a total transaction of $1,036,128.14. Following the completion of 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. Insiders have sold 10,757 shares of company stock valued at $3,386,681 over the last quarter. Corporate insiders own 0.07% of the company’s stock.

A number of equities research analysts have issued reports on ACN shares. BMO Capital Markets cut their price target on Accenture from $460.00 to $385.00 in a research note on Friday, March 18th. Morgan Stanley increased their price target on Accenture from $475.00 to $480.00 and gave the stock an “overweight” rating in a research report on Friday, April 8th. Robert W. Baird cut Accenture to a “neutral” rating in a research note on Friday, April 22nd. StockNews.com assumed coverage on Accenture in a report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Zacks Investment Research downgraded Accenture from a “buy” rating to a “hold” rating and set a $323.00 price objective on the stock. in a research report on Tuesday, March 15th. Eight analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Accenture currently has a consensus rating of “Buy” and an average price target of $383.35.

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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