iSAM Funds UK Ltd Sells 594 Shares of Accenture plc (NYSE:ACN)

iSAM Funds UK Ltd trimmed its holdings in shares of Accenture plc (NYSE:ACN) by 38.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 963 shares of the information technology services provider’s stock after selling 594 shares during the quarter. iSAM Funds UK Ltd’s holdings in Accenture were worth $339,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. FPC Investment Advisory Inc. increased its holdings in Accenture by 62.2% in the 4th quarter. FPC Investment Advisory Inc. now owns 73 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 28 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Accenture in the 4th quarter valued at about $30,000. POM Investment Strategies LLC increased its holdings in Accenture by 64.2% in the 4th quarter. POM Investment Strategies LLC now owns 87 shares of the information technology services provider’s stock valued at $31,000 after buying an additional 34 shares during the period. Promus Capital LLC bought a new position in Accenture in the 4th quarter valued at about $34,000. Finally, Berbice Capital Management LLC bought a new position in Accenture in the 4th quarter valued at about $35,000. 75.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ACN has been the topic of several recent analyst reports. Guggenheim decreased their target price on shares of Accenture from $400.00 to $395.00 and set a “buy” rating on the stock in a report on Friday, March 21st. UBS Group decreased their target price on shares of Accenture from $455.00 to $387.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Barclays reduced their price target on shares of Accenture from $415.00 to $390.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Stifel Nicolaus reduced their price target on shares of Accenture from $390.00 to $380.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, Morgan Stanley reduced their price target on shares of Accenture from $380.00 to $372.00 and set an “equal weight” rating on the stock in a research note on Monday, March 17th. Seven analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Accenture currently has an average rating of “Moderate Buy” and a consensus target price of $381.76.

Accenture Stock Up 0.1%

Shares of NYSE ACN opened at $319.70 on Wednesday. The company has a market capitalization of $200.24 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 3.23 and a beta of 1.35. Accenture plc has a 52-week low of $275.01 and a 52-week high of $398.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.47 and a current ratio of 1.47. The company’s 50 day moving average price is $302.57 and its 200-day moving average price is $340.82.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, March 20th. The information technology services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.01. The firm had revenue of $16.70 billion for the quarter, compared to the consensus estimate of $16.64 billion. Accenture had a net margin of 11.41% and a return on equity of 26.91%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.77 EPS. Equities analysts forecast that Accenture plc will post 12.73 earnings per share for the current year.

Accenture Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 10th were given a $1.48 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 1.85%. Accenture’s dividend payout ratio (DPR) is currently 48.89%.

Insider Activity

In other Accenture news, General Counsel Joel Unruch sold 3,563 shares of the business’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.78, for a total transaction of $1,003,982.14. Following the completion of the sale, the general counsel now owns 17,237 shares in the company, valued at approximately $4,857,041.86. The trade was a 17.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Angela Beatty sold 169 shares of the business’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $281.90, for a total transaction of $47,641.10. Following the sale, the insider now owns 5,364 shares of the company’s stock, valued at $1,512,111.60. This trade represents a 3.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,516 shares of company stock worth $2,507,366 in the last quarter. 0.02% of the stock is owned by corporate insiders.

About Accenture

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.