Knowledge Leaders Capital LLC Has $1.90 Million Holdings in Accenture plc (NYSE:ACN)

Knowledge Leaders Capital LLC trimmed its stake in shares of Accenture plc (NYSE:ACN) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,426 shares of the information technology services provider’s stock after selling 174 shares during the quarter. Accenture makes up 3.0% of Knowledge Leaders Capital LLC’s holdings, making the stock its 5th biggest holding. Knowledge Leaders Capital LLC’s holdings in Accenture were worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Chilton Capital Management LLC grew its stake in Accenture by 180.0% in the fourth quarter. Chilton Capital Management LLC now owns 70 shares of the information technology services provider’s stock valued at $25,000 after acquiring an additional 45 shares during the period. Halpern Financial Inc. purchased a new position in shares of Accenture during the fourth quarter valued at approximately $31,000. BluePath Capital Management LLC purchased a new position in shares of Accenture during the third quarter valued at approximately $31,000. Valued Wealth Advisors LLC purchased a new position in shares of Accenture during the fourth quarter valued at approximately $50,000. Finally, Valley National Advisers Inc. boosted its position in shares of Accenture by 40.3% during the third quarter. Valley National Advisers Inc. now owns 167 shares of the information technology services provider’s stock valued at $51,000 after buying an additional 48 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors.

Insider Activity at Accenture

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total transaction of $1,536,100.00. Following the sale, the insider now directly owns 13,699 shares in the company, valued at approximately $4,208,606.78. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, General Counsel Joel Unruch sold 4,333 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The stock was sold at an average price of $316.12, for a total value of $1,369,747.96. Following the transaction, the general counsel now directly owns 30,702 shares of the company’s stock, valued at approximately $9,705,516.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ellyn Shook sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $307.22, for a total value of $1,536,100.00. Following the completion of the transaction, the insider now directly owns 13,699 shares in the company, valued at $4,208,606.78. The disclosure for this sale can be found here. Insiders sold a total of 32,490 shares of company stock valued at $10,592,664 in the last 90 days. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. TD Cowen cut their target price on Accenture from $363.00 to $350.00 and set a “market perform” rating on the stock in a research report on Friday, March 22nd. Robert W. Baird boosted their price objective on Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. Citigroup cut their price objective on Accenture from $430.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, March 22nd. Morgan Stanley boosted their price objective on Accenture from $400.00 to $417.00 and gave the stock an “overweight” rating in a research report on Monday, March 18th. Finally, BNP Paribas raised Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price objective on the stock in a research report on Wednesday, January 17th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Accenture presently has an average rating of “Moderate Buy” and a consensus target price of $387.00.

Accenture Stock Performance

ACN stock traded down $0.99 during trading on Friday, hitting $308.01. 3,371,848 shares of the company traded hands, compared to its average volume of 2,670,314. The firm has a market capitalization of $206.59 billion, a PE ratio of 27.92, a P/E/G ratio of 2.93 and a beta of 1.19. Accenture plc has a 1 year low of $261.68 and a 1 year high of $387.51. The company has a 50-day moving average of $349.66 and a 200-day moving average of $341.94.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, March 21st. The information technology services provider reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.11. The business had revenue of $15.80 billion during the quarter, compared to analyst estimates of $15.85 billion. Accenture had a return on equity of 28.30% and a net margin of 10.89%. Accenture’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.69 EPS. Sell-side analysts expect that Accenture plc will post 12.09 EPS for the current year.

Accenture Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 11th will be given a dividend of $1.29 per share. This represents a $5.16 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 46.78%.

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.