Accenture plc (NYSE:ACN) Shares Sold by Ossiam

Ossiam reduced its holdings in Accenture plc (NYSE:ACN) by 61.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,907 shares of the information technology services provider’s stock after selling 189,665 shares during the quarter. Ossiam’s holdings in Accenture were worth $41,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Baldwin Wealth Partners LLC MA lifted its position in Accenture by 6.5% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 63,429 shares of the information technology services provider’s stock valued at $22,314,000 after buying an additional 3,883 shares in the last quarter. Davidson Trust Co. lifted its holdings in shares of Accenture by 7.4% during the 4th quarter. Davidson Trust Co. now owns 2,307 shares of the information technology services provider’s stock valued at $812,000 after acquiring an additional 158 shares in the last quarter. Franklin Street Advisors Inc. NC boosted its position in Accenture by 126.8% during the 4th quarter. Franklin Street Advisors Inc. NC now owns 40,051 shares of the information technology services provider’s stock worth $14,090,000 after purchasing an additional 22,391 shares during the period. China Universal Asset Management Co. Ltd. increased its holdings in Accenture by 37.5% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 3,094 shares of the information technology services provider’s stock valued at $1,088,000 after purchasing an additional 843 shares in the last quarter. Finally, SteelPeak Wealth LLC lifted its stake in shares of Accenture by 127.1% during the fourth quarter. SteelPeak Wealth LLC now owns 2,323 shares of the information technology services provider’s stock worth $817,000 after purchasing an additional 1,300 shares in the last quarter. 75.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ACN shares. Jefferies Financial Group decreased their price target on Accenture from $385.00 to $355.00 and set a “hold” rating for the company in a report on Tuesday, January 21st. Wolfe Research raised shares of Accenture from a “peer perform” rating to an “outperform” rating and set a $425.00 price target for the company in a report on Wednesday, January 8th. StockNews.com downgraded Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. BMO Capital Markets boosted their price target on Accenture to $355.00 and gave the stock a “hold” rating in a research note on Wednesday, March 26th. Finally, Baird R W upgraded Accenture from a “hold” rating to a “strong-buy” rating in a report on Monday, March 17th. Eight equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $377.82.

Insider Buying and Selling at Accenture

In related news, CAO Melissa A. Burgum sold 1,487 shares of Accenture stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $354.54, for a total transaction of $527,200.98. Following the sale, the chief accounting officer now directly owns 9,247 shares in the company, valued at $3,278,431.38. The trade was a 13.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela Beatty sold 169 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $281.90, for a total transaction of $47,641.10. Following the completion of the transaction, the insider now owns 5,364 shares of the company’s stock, valued at $1,512,111.60. This represents a 3.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,778 shares of company stock worth $8,408,087. 0.02% of the stock is owned by company insiders.

Accenture Stock Performance

Shares of ACN stock opened at $282.28 on Friday. The company has a market cap of $176.80 billion, a P/E ratio of 23.68, a PEG ratio of 3.23 and a beta of 1.32. The business has a 50 day moving average of $326.22 and a two-hundred day moving average of $349.73. Accenture plc has a 52 week low of $275.01 and a 52 week high of $398.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.17.

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

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 10th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, April 10th. Accenture’s dividend payout ratio (DPR) is 48.89%.

Accenture Company Profile

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.