Bryn Mawr Capital Management LLC Has $12.34 Million Stock Position in Accenture plc (NYSE:ACN)

Bryn Mawr Capital Management LLC lifted its holdings in shares of Accenture plc (NYSE:ACN) by 93.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,163 shares of the information technology services provider’s stock after acquiring an additional 17,008 shares during the period. Accenture makes up 0.8% of Bryn Mawr Capital Management LLC’s holdings, making the stock its 28th biggest holding. Bryn Mawr Capital Management LLC’s holdings in Accenture were worth $12,339,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. increased its position in shares of Accenture by 2.3% during the third 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 in the last quarter. Redwood Investments LLC increased its position in shares of Accenture by 8.3% during the fourth quarter. Redwood Investments LLC now owns 20,227 shares of the information technology services provider’s stock worth $7,098,000 after acquiring an additional 1,542 shares in the last quarter. Chicago Capital LLC increased its position in shares of Accenture by 284.7% during the fourth quarter. Chicago Capital LLC now owns 12,677 shares of the information technology services provider’s stock worth $4,449,000 after acquiring an additional 9,382 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Accenture by 33,484.1% during the fourth quarter. International Assets Investment Management LLC now owns 567,572 shares of the information technology services provider’s stock worth $199,167,000 after acquiring an additional 565,882 shares in the last quarter. Finally, VELA Investment Management LLC grew its position 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. 75.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ACN shares. Robert W. Baird upped their price objective on shares of Accenture from $364.00 to $375.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. StockNews.com downgraded shares of Accenture from a “buy” rating to a “hold” rating in a research report on Saturday. Redburn Atlantic upped their price objective on shares of Accenture from $410.00 to $445.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Guggenheim started coverage on shares of Accenture in a research report on Tuesday, March 19th. They issued a “buy” rating and a $425.00 price objective for the company. Finally, BNP Paribas raised shares of Accenture from a “neutral” rating to an “outperform” rating and set a $440.00 price objective for the company in a research report on Wednesday, January 17th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Accenture presently has a consensus rating of “Moderate Buy” and a consensus target price of $387.00.

Insiders Place Their Bets

In other Accenture news, insider Ellyn Shook sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $307.22, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Kathleen R. Mcclure sold 851 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $371.77, for a total value of $316,376.27. Following the transaction, the chief financial officer now owns 50,737 shares of the company’s stock, valued at approximately $18,862,494.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the insider now directly owns 13,699 shares in the company, valued at approximately $4,208,606.78. The disclosure for this sale can be found here. Insiders have sold 32,490 shares of company stock worth $10,592,664 in the last three months. 0.07% of the stock is currently owned by corporate insiders.

Accenture Trading Down 0.3 %

Shares of ACN stock opened at $307.93 on Friday. The stock has a market capitalization of $206.54 billion, a P/E ratio of 27.92, a PEG ratio of 2.93 and a beta of 1.19. The firm’s 50 day moving average is $349.66 and its 200 day moving average is $341.94. Accenture plc has a 12 month low of $261.68 and a 12 month high of $387.51.

Accenture (NYSE:ACN) last announced 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. Accenture had a net margin of 10.89% and a return on equity of 28.30%. The company had revenue of $15.80 billion for the quarter, compared to analysts’ expectations of $15.85 billion. During the same period in the prior year, the company posted $2.69 EPS. Accenture’s revenue was down .1% compared to the same quarter last year. On average, equities analysts predict that Accenture plc will post 12.09 EPS for the current year.

Accenture Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be paid a $1.29 dividend. This represents a $5.16 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s dividend payout ratio is presently 46.78%.

Accenture 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.