Bellecapital International Ltd. Trims Position in Accenture plc (NYSE:ACN)

Bellecapital International Ltd. cut its holdings in shares of Accenture plc (NYSE:ACNGet Rating) by 44.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,461 shares of the information technology services provider’s stock after selling 1,149 shares during the quarter. Bellecapital International Ltd.’s holdings in Accenture were worth $376,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cowa LLC purchased a new position in shares of Accenture during the 3rd quarter valued at approximately $37,000. Chevy Chase Trust Holdings LLC grew its stake in Accenture by 9.1% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 813,598 shares of the information technology services provider’s stock valued at $209,339,000 after acquiring an additional 67,930 shares during the period. Regency Capital Management Inc. DE grew its stake in Accenture by 59,141.2% in the 3rd quarter. Regency Capital Management Inc. DE now owns 10,071 shares of the information technology services provider’s stock valued at $2,591,000 after acquiring an additional 10,054 shares during the period. XML Financial LLC grew its stake in Accenture by 83.9% in the 3rd quarter. XML Financial LLC now owns 2,600 shares of the information technology services provider’s stock valued at $669,000 after acquiring an additional 1,186 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in Accenture by 0.8% in the 3rd quarter. Vontobel Holding Ltd. now owns 289,309 shares of the information technology services provider’s stock valued at $74,720,000 after acquiring an additional 2,257 shares during the period. 73.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Julie Spellman Sweet sold 10,296 shares of the stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of $280.93, for a total value of $2,892,455.28. Following the completion of the sale, the chief executive officer now directly owns 44,158 shares of the company’s stock, valued at $12,405,306.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, General Counsel Joel Unruch sold 556 shares of the stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $280.53, for a total value of $155,974.68. Following the completion of the sale, the general counsel now directly owns 42,991 shares of the company’s stock, valued at $12,060,265.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 10,296 shares of the stock in a transaction that occurred on Friday, January 13th. The shares were sold at an average price of $280.93, for a total value of $2,892,455.28. Following the completion of the sale, the chief executive officer now directly owns 44,158 shares of the company’s stock, valued at $12,405,306.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,215 shares of company stock valued at $15,562,837. 0.08% of the stock is currently owned by company insiders.

Accenture Stock Down 1.6 %

ACN traded down $4.33 on Wednesday, reaching $270.54. The company’s stock had a trading volume of 96,894 shares, compared to its average volume of 2,185,168. The stock has a 50 day moving average of $280.34 and a two-hundred day moving average of $282.13. The company has a market capitalization of $170.50 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 2.57 and a beta of 1.23. Accenture plc has a fifty-two week low of $242.95 and a fifty-two week high of $360.10.

Accenture (NYSE:ACNGet Rating) last announced its quarterly earnings results on Friday, December 16th. The information technology services provider reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.91 by $0.17. The firm had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.58 billion. Accenture had a return on equity of 31.49% and a net margin of 11.31%. As a group, analysts anticipate that Accenture plc will post 11.46 earnings per share for the current fiscal year.

Accenture Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 15th. Investors of record on Tuesday, January 10th will be issued a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, January 11th. Accenture’s dividend payout ratio (DPR) is 40.69%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ACN shares. Piper Sandler cut shares of Accenture from a “neutral” rating to an “underweight” rating and set a $268.00 price target on the stock. in a research note on Monday, December 12th. Jefferies Financial Group lowered their price target on shares of Accenture from $290.00 to $279.00 in a research report on Monday, December 19th. Cowen boosted their price objective on shares of Accenture from $295.00 to $300.00 in a report on Monday, December 19th. Robert W. Baird cut their price target on shares of Accenture from $310.00 to $290.00 and set a “neutral” rating on the stock in a research note on Monday, December 19th. Finally, StockNews.com upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research note on Thursday, January 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $326.78.

About Accenture

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Accenture Plc engages in the provision of management consulting, technology, and outsourcing services. It operates through the following geographical segments: North America, Europe and Growth Markets. The company was founded in 1989 and is headquartered in Dublin, Ireland.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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