Armstrong Fleming & Moore Inc Has $372,000 Stock Position in Accenture plc (NYSE:ACN)

Armstrong Fleming & Moore Inc lowered its stake in shares of Accenture plc (NYSE:ACN) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,061 shares of the information technology services provider’s stock after selling 56 shares during the period. Armstrong Fleming & Moore Inc’s holdings in Accenture were worth $372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACN. Ameriprise Financial Inc. increased its holdings in shares of Accenture by 2.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,284,770 shares of the information technology services provider’s stock worth $1,315,832,000 after acquiring an additional 96,414 shares during the last quarter. Redwood Investments LLC increased its holdings in Accenture by 8.3% in the 4th quarter. Redwood Investments LLC now owns 20,227 shares of the information technology services provider’s stock worth $7,098,000 after purchasing an additional 1,542 shares in the last quarter. Chicago Capital LLC increased its holdings in Accenture by 284.7% in the 4th quarter. Chicago Capital LLC now owns 12,677 shares of the information technology services provider’s stock worth $4,449,000 after purchasing an additional 9,382 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Accenture by 33,484.1% in the 4th quarter. International Assets Investment Management LLC now owns 567,572 shares of the information technology services provider’s stock worth $199,167,000 after purchasing an additional 565,882 shares in the last quarter. Finally, VELA Investment Management LLC increased its holdings in Accenture by 4.3% in the 3rd quarter. VELA Investment Management LLC now owns 3,681 shares of the information technology services provider’s stock worth $1,130,000 after purchasing an additional 153 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

Accenture Trading Down 0.7 %

Shares of ACN traded down $2.25 during midday trading on Wednesday, reaching $298.66. The stock had a trading volume of 2,612,513 shares, compared to its average volume of 2,497,797. The company’s 50-day moving average is $347.09 and its 200 day moving average is $342.34. Accenture plc has a 12-month low of $261.68 and a 12-month high of $387.51. The company has a market capitalization of $200.32 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 2.87 and a beta of 1.19.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, March 21st. The information technology services provider reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.11. The company had revenue of $15.80 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $2.69 EPS. Research analysts forecast that Accenture plc will post 12.09 EPS for the current fiscal year.

Accenture Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders 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 1.73%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s payout ratio is 46.78%.

Insider Buying and Selling at Accenture

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the company’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 transaction of $1,536,100.00. Following the completion of the transaction, the insider now owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Ellyn Shook sold 5,000 shares of the firm’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 transaction of $1,536,100.00. Following the completion of the transaction, the insider now owns 13,699 shares of the company’s stock, valued at approximately $4,208,606.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Manish Sharma sold 1,486 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $370.39, for a total value of $550,399.54. Following the transaction, the chief executive officer now directly owns 4,503 shares of the company’s stock, valued at approximately $1,667,866.17. The disclosure for this sale can be found here. Insiders sold 31,639 shares of company stock valued at $10,276,287 in the last 90 days. Insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ACN shares. TD Cowen lowered their price objective on Accenture from $363.00 to $350.00 and set a “market perform” rating for the company in a research report on Friday, March 22nd. StockNews.com cut Accenture from a “buy” rating to a “hold” rating in a research report on Saturday. Bank of America boosted their price objective on Accenture from $379.00 to $419.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. 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. Finally, 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. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $387.00.

About Accenture

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.