Accenture Plc (NYSE:ACN) Stock Holdings Lowered by VeraBank N.A.

VeraBank N.A. lowered its position in shares of Accenture Plc (NYSE:ACN) by 3.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,284 shares of the information technology services provider’s stock after selling 170 shares during the period. VeraBank N.A.’s holdings in Accenture were worth $824,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Accenture by 1.7% in 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 purchasing an additional 909,318 shares during the period. Morgan Stanley lifted its holdings in Accenture by 5.3% in 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 purchasing an additional 536,568 shares during the period. Bank of New York Mellon Corp lifted its holdings in Accenture by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 9,411,450 shares of the information technology services provider’s stock worth $1,738,951,000 after purchasing an additional 173,942 shares during the period. WCM Investment Management LLC lifted its holdings in Accenture by 2.1% in the second quarter. WCM Investment Management LLC now owns 6,303,065 shares of the information technology services provider’s stock worth $1,164,618,000 after purchasing an additional 128,827 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in Accenture by 23.0% in the first 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. Institutional investors and hedge funds own 69.84% of the company’s stock.

NYSE ACN traded up $2.25 on Friday, reaching $186.08. The company’s stock had a trading volume of 82,779 shares, compared to its average volume of 2,155,421. Accenture Plc has a twelve month low of $132.63 and a twelve month high of $202.80. The stock has a market cap of $122.43 billion, a PE ratio of 25.30, a PEG ratio of 2.27 and a beta of 1.04. The firm’s 50 day moving average is $193.22 and its two-hundred day moving average is $186.03.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 26th. The information technology services provider reported $1.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.71 by $0.03. Accenture had a net margin of 11.06% and a return on equity of 34.30%. The company had revenue of $11.06 billion during the quarter, compared to the consensus estimate of $11.07 billion. During the same period in the prior year, the company earned $1.58 EPS. Accenture’s revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Accenture Plc will post 7.78 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 17th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, October 16th. Accenture’s payout ratio is 39.67%.

ACN has been the subject of several research analyst reports. BMO Capital Markets set a $200.00 price objective on shares of Accenture and gave the stock a “hold” rating in a report on Friday, September 27th. They noted that the move was a valuation call. 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. ValuEngine downgraded shares of Accenture from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. KeyCorp set a $208.00 price objective on shares of Accenture and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Robert W. Baird reduced their price objective on shares of Accenture from $212.00 to $208.00 and set a “neutral” rating for the company in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Accenture currently has a consensus rating of “Buy” and an average price target of $203.25.

In other Accenture news, insider Gianfranco Casati sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $194.00, for a total transaction of $970,000.00. Following the sale, the insider now owns 36,713 shares in the company, valued at approximately $7,122,322. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Daniel T. London sold 2,283 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $188.03, for a total value of $429,272.49. Following the sale, the insider now owns 27,294 shares in the company, valued at approximately $5,132,090.82. The disclosure for this sale can be found here. Insiders sold a total of 17,513 shares of company stock valued at $3,375,582 over the last three months. 0.18% of the stock is owned by corporate insiders.

About Accenture

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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