KCM Investment Advisors LLC Reduces Stake in Accenture Plc (NYSE:ACN)

KCM Investment Advisors LLC lowered its holdings in Accenture Plc (NYSE:ACN) by 0.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 28,876 shares of the information technology services provider’s stock after selling 118 shares during the quarter. KCM Investment Advisors LLC’s holdings in Accenture were worth $6,080,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its holdings in shares of Accenture by 0.6% in the 4th quarter. State Street Corp now owns 26,753,807 shares of the information technology services provider’s stock valued at $5,633,592,000 after acquiring an additional 167,152 shares during the last quarter. FMR LLC increased its holdings in shares of Accenture by 6.3% in the 4th quarter. FMR LLC now owns 9,222,062 shares of the information technology services provider’s stock valued at $1,941,889,000 after acquiring an additional 550,509 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of Accenture by 1.8% in the 4th quarter. WCM Investment Management LLC now owns 6,819,907 shares of the information technology services provider’s stock valued at $1,436,068,000 after acquiring an additional 120,993 shares during the last quarter. Polen Capital Management LLC boosted its position in shares of Accenture by 3.1% in the 4th quarter. Polen Capital Management LLC now owns 6,290,843 shares of the information technology services provider’s stock valued at $1,324,663,000 after purchasing an additional 191,131 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Accenture by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 4,953,041 shares of the information technology services provider’s stock valued at $1,042,961,000 after purchasing an additional 56,315 shares during the period. Institutional investors and hedge funds own 75.04% of the company’s stock.

A number of analysts recently issued reports on the company. Robert W. Baird upped their target price on Accenture from $212.00 to $214.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Citigroup decreased their target price on Accenture from $200.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, March 20th. UBS Group decreased their target price on Accenture from $205.00 to $160.00 and set a “neutral” rating for the company in a research report on Friday, March 20th. Stifel Nicolaus upped their target price on Accenture from $203.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. decreased their target price on Accenture from $227.00 to $188.00 and set an “overweight” rating for the company in a research report on Tuesday, March 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the company. Accenture has an average rating of “Buy” and a consensus price target of $208.63.

In other news, Chairman David Rowland sold 9,791 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $211.38, for a total transaction of $2,069,621.58. Following the completion of the transaction, the chairman now directly owns 25,153 shares of the company’s stock, valued at approximately $5,316,841.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John F. Walsh sold 6,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $209.21, for a total value of $1,255,260.00. Following the transaction, the insider now directly owns 26,344 shares of the company’s stock, valued at $5,511,428.24. The disclosure for this sale can be found here. Insiders have sold a total of 29,254 shares of company stock valued at $6,151,795 over the last ninety days. 0.10% of the stock is owned by insiders.

Accenture stock traded up $13.65 during mid-day trading on Thursday, reaching $165.47. 1,918,786 shares of the company were exchanged, compared to its average volume of 4,885,031. Accenture Plc has a twelve month low of $137.15 and a twelve month high of $216.39. The firm’s 50-day simple moving average is $187.65 and its two-hundred day simple moving average is $195.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $99.71 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 19th. The information technology services provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.19. Accenture had a return on equity of 32.87% and a net margin of 11.13%. The company had revenue of $11.14 billion during the quarter, compared to analysts’ expectations of $11.10 billion. During the same period last year, the firm earned $1.73 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that Accenture Plc will post 7.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 16th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $3.20 dividend on an annualized basis and a yield of 1.93%. Accenture’s payout ratio is 43.48%.

About Accenture

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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