American National Bank trimmed its stake in shares of Accenture Plc (NYSE:ACN) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 28,090 shares of the information technology services provider’s stock after selling 1,309 shares during the quarter. American National Bank’s holdings in Accenture were worth $3,961,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. OmniStar Financial Group Inc. lifted its holdings in Accenture by 4.3% during the 3rd quarter. OmniStar Financial Group Inc. now owns 3,323 shares of the information technology services provider’s stock worth $566,000 after buying an additional 137 shares during the last quarter. Sheets Smith Wealth Management grew its holdings in Accenture by 1.6% during the 4th quarter. Sheets Smith Wealth Management now owns 18,537 shares of the information technology services provider’s stock valued at $2,614,000 after buying an additional 300 shares during the last quarter. Windsor Group LTD grew its holdings in Accenture by 5.3% during the 3rd quarter. Windsor Group LTD now owns 6,121 shares of the information technology services provider’s stock valued at $1,042,000 after buying an additional 307 shares during the last quarter. Capital Analysts LLC grew its holdings in Accenture by 4.0% during the 3rd quarter. Capital Analysts LLC now owns 8,021 shares of the information technology services provider’s stock valued at $1,365,000 after buying an additional 307 shares during the last quarter. Finally, M Holdings Securities Inc. grew its holdings in Accenture by 4.6% during the 2nd quarter. M Holdings Securities Inc. now owns 7,453 shares of the information technology services provider’s stock valued at $1,219,000 after buying an additional 330 shares during the last quarter. 70.46% of the stock is currently owned by hedge funds and other institutional investors.
Accenture stock traded down $0.79 on Friday, reaching $146.23. 1,660,350 shares of the stock were exchanged, compared to its average volume of 2,568,607. The firm has a market cap of $96.89 billion, a price-to-earnings ratio of 21.70, a P/E/G ratio of 1.96 and a beta of 1.10. Accenture Plc has a twelve month low of $132.63 and a twelve month high of $175.64.
Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 20th. The information technology services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.12. Accenture had a net margin of 9.99% and a return on equity of 40.31%. The company had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $10.54 billion. During the same quarter in the previous year, the firm posted $1.79 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. Analysts forecast that Accenture Plc will post 7.2 earnings per share for the current year.
Several research analysts recently weighed in on the company. Deutsche Bank increased their target price on Accenture from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, September 20th. SunTrust Banks raised their target price on Accenture to $178.00 and gave the company a “hold” rating in a research note on Monday, October 1st. Zacks Investment Research upgraded Accenture from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Moffett Nathanson initiated coverage on Accenture in a research note on Thursday, October 4th. They set a “buy” rating and a $200.00 target price for the company. Finally, UBS Group set a $180.00 target price on Accenture and gave the company a “hold” rating in a research note on Wednesday, September 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $173.55.
In other Accenture news, General Counsel Chad T. Jerdee sold 2,441 shares of the company’s stock in a transaction dated Thursday, October 25th. The shares were sold at an average price of $156.59, for a total transaction of $382,236.19. Following the sale, the general counsel now directly owns 14,288 shares of the company’s stock, valued at $2,237,357.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider ‘T Noordende Alexander M. Van sold 8,000 shares of the company’s stock in a transaction dated Monday, October 22nd. The stock was sold at an average price of $159.64, for a total transaction of $1,277,120.00. Following the sale, the insider now directly owns 124,328 shares in the company, valued at $19,847,721.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,152 shares of company stock worth $13,318,994. Insiders own 0.18% of the company’s stock.
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Accenture Company Profile
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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