Lcnb Corp Has $1.04 Million Stake in Accenture Plc (NYSE:ACN)

Lcnb Corp decreased its position in shares of Accenture Plc (NYSE:ACN) by 2.8% in the second quarter, Holdings Channel reports. The fund owned 5,651 shares of the information technology services provider’s stock after selling 162 shares during the period. Lcnb Corp’s holdings in Accenture were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC increased its holdings in shares of Accenture by 23.0% during the 1st quarter. Lazard Asset Management LLC now owns 6,270,138 shares of the information technology services provider’s stock worth $1,103,668,000 after purchasing an additional 1,173,313 shares during the period. Railway Pension Investments Ltd bought a new position in shares of Accenture during the 2nd quarter worth about $15,355,000. The Manufacturers Life Insurance Company increased its holdings in shares of Accenture by 71.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,338,821 shares of the information technology services provider’s stock worth $235,659,000 after purchasing an additional 557,879 shares during the period. Swedbank increased its holdings in shares of Accenture by 87.2% during the 1st quarter. Swedbank now owns 1,022,838 shares of the information technology services provider’s stock worth $180,040,000 after purchasing an additional 476,357 shares during the period. Finally, Comgest Global Investors S.A.S. increased its holdings in shares of Accenture by 119.4% during the 1st quarter. Comgest Global Investors S.A.S. now owns 861,824 shares of the information technology services provider’s stock worth $151,698,000 after purchasing an additional 468,941 shares during the period. 69.57% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on ACN shares. Wells Fargo & Co boosted their price objective on shares of Accenture from $193.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Credit Suisse Group set a $180.00 price objective on shares of Accenture and gave the stock a “hold” rating in a report on Friday, June 28th. BMO Capital Markets boosted their price objective on shares of Accenture from $185.00 to $195.00 and gave the stock a “positive” rating in a report on Friday, June 28th. Argus boosted their price objective on shares of Accenture to $220.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Deutsche Bank boosted their price objective on shares of Accenture from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, June 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Accenture has an average rating of “Buy” and a consensus target price of $192.38.

In other Accenture news, insider Richard Lumb sold 2,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $186.35, for a total value of $372,700.00. Following the transaction, the insider now directly owns 77,240 shares in the company, valued at $14,393,674. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David Rowland sold 2,330 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $187.78, for a total transaction of $437,527.40. Following the completion of the transaction, the chief executive officer now owns 24,318 shares in the company, valued at $4,566,434.04. The disclosure for this sale can be found here. In the last three months, insiders sold 22,760 shares of company stock worth $4,353,328. 0.18% of the stock is currently owned by insiders.

NYSE ACN traded down $2.38 on Wednesday, reaching $187.62. The company’s stock had a trading volume of 455,735 shares, compared to its average volume of 1,872,169. The stock has a market capitalization of $128.67 billion, a price-to-earnings ratio of 27.84, a PEG ratio of 2.53 and a beta of 1.04. The company’s 50-day moving average price is $191.87. Accenture Plc has a 52 week low of $132.63 and a 52 week high of $197.47.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, June 27th. The information technology services provider reported $1.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.04. The business had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $11.03 billion. Accenture had a net margin of 10.93% and a return on equity of 36.24%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.79 earnings per share. As a group, equities research analysts anticipate that Accenture Plc will post 7.33 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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