WMS Partners LLC Cuts Stake in Accenture Plc (NYSE:ACN)

WMS Partners LLC decreased its holdings in shares of Accenture Plc (NYSE:ACN) by 34.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,836 shares of the information technology services provider’s stock after selling 2,000 shares during the quarter. WMS Partners LLC’s holdings in Accenture were worth $541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACN. Steward Partners Investment Advisory LLC raised its position in shares of Accenture by 13.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,162 shares of the information technology services provider’s stock valued at $1,997,000 after purchasing an additional 1,661 shares during the last quarter. TrimTabs Asset Management LLC purchased a new position in Accenture during the 4th quarter worth approximately $1,108,000. Pinnacle Financial Partners Inc. raised its position in Accenture by 14.8% during the 4th quarter. Pinnacle Financial Partners Inc. now owns 6,699 shares of the information technology services provider’s stock worth $945,000 after buying an additional 864 shares during the last quarter. Gillespie Robinson & Grimm Inc. raised its position in Accenture by 2.5% during the 4th quarter. Gillespie Robinson & Grimm Inc. now owns 169,216 shares of the information technology services provider’s stock worth $23,861,000 after buying an additional 4,203 shares during the last quarter. Finally, Two Sigma Advisers LP increased its holdings in shares of Accenture by 78.8% during the 4th quarter. Two Sigma Advisers LP now owns 328,983 shares of the information technology services provider’s stock valued at $46,390,000 after purchasing an additional 145,025 shares in the last quarter. Hedge funds and other institutional investors own 70.94% of the company’s stock.

Several equities analysts have recently weighed in on ACN shares. Citigroup cut their target price on shares of Accenture from $172.00 to $161.00 and set a “neutral” rating for the company in a report on Wednesday, December 19th. KeyCorp cut their target price on shares of Accenture from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Wednesday, December 19th. Robert W. Baird dropped their price target on shares of Accenture from $176.00 to $156.00 and set a “neutral” rating on the stock in a research note on Friday, December 21st. Morgan Stanley set a $178.00 price target on shares of Accenture and gave the company a “buy” rating in a research note on Friday, December 21st. Finally, Wells Fargo & Co set a $165.00 price target on shares of Accenture and gave the company a “buy” rating in a research note on Thursday, December 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the stock. Accenture currently has a consensus rating of “Buy” and a consensus price target of $183.58.

In related news, CFO David Rowland sold 2,916 shares of the company’s stock in a transaction that occurred on Friday, January 18th. The stock was sold at an average price of $150.00, for a total value of $437,400.00. Following the completion of the transaction, the chief financial officer now directly owns 30,250 shares of the company’s stock, valued at $4,537,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Johan Deblaere sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $175.80, for a total value of $527,400.00. Following the completion of the transaction, the chief operating officer now directly owns 74,937 shares of the company’s stock, valued at $13,173,924.60. The disclosure for this sale can be found here. Insiders have sold 16,314 shares of company stock worth $2,604,645 over the last quarter. Insiders own 0.18% of the company’s stock.

ACN traded up $0.66 on Monday, hitting $179.30. The company had a trading volume of 1,364,545 shares, compared to its average volume of 2,011,372. The firm has a market cap of $120.51 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 2.36 and a beta of 1.12. Accenture Plc has a 1 year low of $132.63 and a 1 year high of $179.63.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 28th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.16. The firm had revenue of $10.45 billion for the quarter, compared to analyst estimates of $10.30 billion. Accenture had a net margin of 10.52% and a return on equity of 38.57%. Accenture’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 EPS. As a group, research analysts anticipate that Accenture Plc will post 7.3 earnings per share for the current year.

The firm also recently declared a semiannual dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be paid a dividend of $1.46 per share. The ex-dividend date is Wednesday, April 10th. This represents a yield of 1.66%. Accenture’s dividend payout ratio (DPR) is presently 43.32%.

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Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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