Accenture plc (NYSE:ACN) Shares Sold by NCM Capital Management LLC

NCM Capital Management LLC reduced its stake in Accenture plc (NYSE:ACNFree Report) by 15.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,358 shares of the information technology services provider’s stock after selling 421 shares during the quarter. NCM Capital Management LLC’s holdings in Accenture were worth $827,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. CenterBook Partners LP purchased a new stake in Accenture during the 4th quarter worth approximately $2,218,000. CFS Investment Advisory Services LLC increased its stake in Accenture by 11.8% during the 4th quarter. CFS Investment Advisory Services LLC now owns 975 shares of the information technology services provider’s stock worth $342,000 after buying an additional 103 shares during the period. Angeles Investment Advisors LLC increased its stake in Accenture by 1.5% during the 4th quarter. Angeles Investment Advisors LLC now owns 2,360 shares of the information technology services provider’s stock worth $828,000 after buying an additional 35 shares during the period. Platform Technology Partners increased its stake in Accenture by 7.0% during the 4th quarter. Platform Technology Partners now owns 1,996 shares of the information technology services provider’s stock worth $733,000 after buying an additional 131 shares during the period. Finally, Epoch Investment Partners Inc. increased its position in shares of Accenture by 100.8% in the 4th quarter. Epoch Investment Partners Inc. now owns 254,956 shares of the information technology services provider’s stock valued at $89,467,000 after purchasing an additional 127,958 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Ellyn Shook sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value of $1,536,100.00. Following the sale, the insider now directly owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Accenture news, insider Ellyn Shook sold 5,000 shares of Accenture stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the transaction, the insider now directly owns 13,699 shares of the company’s stock, valued at $4,208,606.78. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $315.91, for a total transaction of $1,974,437.50. Following the transaction, the chief executive officer now directly owns 161,581 shares in the company, valued at $51,045,053.71. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,083 shares of company stock valued at $8,959,325. Insiders own 0.07% of the company’s stock.

Accenture Stock Performance

NYSE:ACN traded down $3.34 during mid-day trading on Friday, hitting $288.40. 2,626,974 shares of the company’s stock traded hands, compared to its average volume of 2,999,730. The firm’s 50 day simple moving average is $308.99 and its 200 day simple moving average is $340.22. Accenture plc has a 1 year low of $278.69 and a 1 year high of $387.51. The company has a market cap of $193.44 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 3.17 and a beta of 1.21.

Accenture (NYSE:ACNGet Free Report) last posted its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.11. The firm had revenue of $15.80 billion during the quarter, compared to the consensus estimate of $15.85 billion. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm posted $2.69 EPS. On average, research analysts expect that Accenture plc will post 12.09 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 11th were given a $1.29 dividend. The ex-dividend date was Wednesday, April 10th. This represents a $5.16 annualized dividend and a dividend yield of 1.79%. Accenture’s dividend payout ratio is presently 46.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Royal Bank of Canada increased their price objective on shares of Accenture from $374.00 to $381.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Susquehanna reissued a “neutral” rating and issued a $360.00 price objective (down from $400.00) on shares of Accenture in a research report on Thursday, March 21st. Guggenheim reaffirmed a “buy” rating and issued a $395.00 target price on shares of Accenture in a research report on Friday, May 24th. Jefferies Financial Group dropped their target price on shares of Accenture from $340.00 to $275.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, Morgan Stanley increased their target price on shares of Accenture from $400.00 to $417.00 and gave the company an “overweight” rating in a research report on Monday, March 18th. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.00.

Check Out Our Latest Stock Analysis on Accenture

Accenture Profile

(Free Report)

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, and technology and operation services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management; intelligent automation comprising robotic process automation, natural language processing, and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization, and industrialized solutions comprising turnkey analytics and artificial intelligence (AI) solutions; metaverse; and sustainability services.

See Also

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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