Accenture Plc (ACN) Holdings Reduced by American National Bank

American National Bank lessened its position in Accenture Plc (NYSE:ACN) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,090 shares of the information technology services provider’s stock after selling 1,309 shares during the period. American National Bank’s holdings in Accenture were worth $3,961,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Accenture by 1.5% in the third quarter. Vanguard Group Inc. now owns 53,259,800 shares of the information technology services provider’s stock valued at $9,064,818,000 after acquiring an additional 770,904 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Accenture by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 53,259,800 shares of the information technology services provider’s stock valued at $9,064,818,000 after purchasing an additional 770,904 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Accenture by 115,500.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,222,554 shares of the information technology services provider’s stock valued at $1,739,880,000 after purchasing an additional 10,213,711 shares during the last quarter. Northern Trust Corp boosted its position in Accenture by 2.6% during the 2nd quarter. Northern Trust Corp now owns 9,808,588 shares of the information technology services provider’s stock worth $1,604,587,000 after buying an additional 246,828 shares during the period. Finally, WCM Investment Management CA boosted its position in Accenture by 3.7% during the 3rd quarter. WCM Investment Management CA now owns 5,905,897 shares of the information technology services provider’s stock worth $1,005,184,000 after buying an additional 212,432 shares during the period. 70.46% of the stock is owned by institutional investors.

NYSE ACN traded down $0.79 during trading on Friday, reaching $146.23. 1,660,350 shares of the company’s stock were exchanged, compared to its average volume of 2,568,607. The company has a market capitalization of $96.89 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. Accenture Plc has a 1 year low of $132.63 and a 1 year 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.12. Accenture had a return on equity of 40.31% and a net margin of 9.99%. The firm had revenue of $10.61 billion during the quarter, compared to the consensus estimate of $10.54 billion. During the same period in the prior year, the business earned $1.79 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Equities analysts anticipate that Accenture Plc will post 7.2 earnings per share for the current year.

In related news, insider Richard Lumb sold 2,000 shares of the stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $160.63, for a total value of $321,260.00. Following the completion of the sale, the insider now directly owns 117,683 shares in the company, valued at approximately $18,903,420.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Ellyn Shook sold 2,344 shares of the stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $160.00, for a total value of $375,040.00. Following the completion of the sale, the insider now owns 31,951 shares of the company’s stock, valued at $5,112,160. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,152 shares of company stock worth $13,318,994. 0.18% of the stock is owned by insiders.

A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Accenture from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. Citigroup upped their price objective on shares of Accenture from $163.00 to $172.00 and gave the company a “neutral” rating in a report on Tuesday, September 18th. Deutsche Bank upped their price objective on shares of Accenture from $170.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, September 20th. Bank of America increased their price target on shares of Accenture from $174.00 to $175.00 and gave the stock a “neutral” rating in a report on Monday, September 24th. Finally, UBS Group set a $180.00 price target on shares of Accenture and gave the company a “hold” rating in a research report on Wednesday, September 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have issued a buy rating to the company. Accenture presently has an average rating of “Buy” and an average target price of $173.55.

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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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