Accenture Plc (NYSE:ACN) Shares Sold by Acropolis Investment Management LLC

Acropolis Investment Management LLC lowered its position in Accenture Plc (NYSE:ACN) by 3.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,925 shares of the information technology services provider’s stock after selling 190 shares during the quarter. Acropolis Investment Management LLC’s holdings in Accenture were worth $1,248,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Nuveen Asset Management LLC raised its stake in Accenture by 32,251.5% during the second quarter. Nuveen Asset Management LLC now owns 5,585,165 shares of the information technology services provider’s stock worth $1,031,971,000 after acquiring an additional 5,567,901 shares during the period. Vanguard Group Inc. raised its stake in Accenture by 1.7% during the second quarter. Vanguard Group Inc. now owns 55,373,798 shares of the information technology services provider’s stock worth $10,231,417,000 after acquiring an additional 909,318 shares during the period. Morgan Stanley raised its stake in Accenture by 5.3% during the second quarter. Morgan Stanley now owns 10,736,302 shares of the information technology services provider’s stock worth $1,983,748,000 after acquiring an additional 536,568 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Accenture by 39.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,428,158 shares of the information technology services provider’s stock worth $274,705,000 after acquiring an additional 402,106 shares during the period. Finally, WCM Investment Management LLC raised its stake in Accenture by 6.3% during the third quarter. WCM Investment Management LLC now owns 6,698,914 shares of the information technology services provider’s stock worth $1,288,536,000 after acquiring an additional 395,849 shares during the period. Hedge funds and other institutional investors own 73.65% of the company’s stock.

In related news, Chairman David Rowland sold 4,725 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $185.15, for a total transaction of $874,833.75. Following the completion of the sale, the chairman now directly owns 21,500 shares of the company’s stock, valued at $3,980,725. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Ellyn Shook sold 4,688 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $183.65, for a total transaction of $860,951.20. Following the sale, the insider now directly owns 27,271 shares of the company’s stock, valued at $5,008,319.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,014 shares of company stock valued at $6,859,750. Company insiders own 0.10% of the company’s stock.

ACN has been the topic of several research reports. JPMorgan Chase & Co. increased their price objective on shares of Accenture from $216.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Stifel Nicolaus upped their target price on shares of Accenture from $203.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Barclays began coverage on shares of Accenture in a research report on Friday, September 20th. They issued an “overweight” rating and a $228.00 target price for the company. UBS Group upped their target price on shares of Accenture from $190.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $220.00 target price on shares of Accenture in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $212.18.

ACN stock traded down $0.93 on Tuesday, hitting $208.66. 835,289 shares of the company’s stock traded hands, compared to its average volume of 2,051,670. Accenture Plc has a 1-year low of $144.15 and a 1-year high of $213.25. The stock has a market cap of $132.00 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 2.57 and a beta of 1.05. The stock has a fifty day moving average of $206.10 and a 200-day moving average of $195.24. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.17.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 19th. The information technology services provider reported $2.09 EPS for the quarter, beating the consensus estimate of $1.99 by $0.10. Accenture had a net margin of 11.06% and a return on equity of 33.35%. The business had revenue of $11.36 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same period in the prior year, the business earned $1.96 earnings per share. The business’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities research analysts anticipate that Accenture Plc will post 7.82 earnings per share for the current fiscal year.

The firm also recently announced a semi-annual dividend, which will be paid on Friday, February 14th. Investors of record on Thursday, January 16th will be paid a dividend of $0.80 per share. This represents a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, January 15th. Accenture’s dividend payout ratio is presently 43.48%.

Accenture 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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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