Glenview Trust Co Has $10.86 Million Stock Holdings in Accenture PLC $ACN

Glenview Trust Co cut its holdings in Accenture PLC (NYSE:ACN) by 31.5% in the fourth quarter, HoldingsChannel reports. The firm owned 40,459 shares of the information technology services provider’s stock after selling 18,648 shares during the period. Glenview Trust Co’s holdings in Accenture were worth $10,855,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Running Oak Capital LLC boosted its holdings in Accenture by 14.3% in the third quarter. Running Oak Capital LLC now owns 57,541 shares of the information technology services provider’s stock worth $14,190,000 after purchasing an additional 7,190 shares in the last quarter. Weitz Investment Management Inc. boosted its holdings in Accenture by 28.8% in the third quarter. Weitz Investment Management Inc. now owns 160,550 shares of the information technology services provider’s stock worth $39,592,000 after purchasing an additional 35,900 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Accenture by 27.7% in the fourth quarter. Teacher Retirement System of Texas now owns 282,340 shares of the information technology services provider’s stock worth $75,752,000 after purchasing an additional 61,314 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in Accenture by 180.4% in the third quarter. Public Sector Pension Investment Board now owns 404,680 shares of the information technology services provider’s stock worth $99,794,000 after purchasing an additional 260,357 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in Accenture by 197.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 141,484 shares of the information technology services provider’s stock valued at $37,960,000 after acquiring an additional 93,880 shares during the period. 75.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Accenture

In related news, CEO Atsushi Egawa sold 4,872 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $177.14, for a total value of $863,026.08. Following the completion of the sale, the chief executive officer owned 12,802 shares in the company, valued at approximately $2,267,746.28. This trade represents a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.02% of the company’s stock.

Accenture Stock Up 0.1%

NYSE ACN opened at $179.36 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.34 and a current ratio of 1.34. The firm has a 50-day simple moving average of $187.42 and a 200 day simple moving average of $228.65. Accenture PLC has a twelve month low of $155.82 and a twelve month high of $321.77. The stock has a market cap of $119.35 billion, a PE ratio of 14.69, a PEG ratio of 1.70 and a beta of 1.08.

Accenture (NYSE:ACN) last released its earnings results on Friday, March 20th. The information technology services provider reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.09. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The business had revenue of $18.04 billion during the quarter, compared to analysts’ expectations of $17.80 billion. During the same quarter last year, the company earned $2.82 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. On average, research analysts forecast that Accenture PLC will post 13.87 EPS for the current year.

Accenture Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 9th were paid a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Thursday, April 9th. Accenture’s dividend payout ratio (DPR) is presently 53.40%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Accenture from $280.00 to $230.00 and set a “hold” rating for the company in a report on Friday, March 6th. Guggenheim decreased their price target on shares of Accenture from $275.00 to $250.00 and set a “buy” rating for the company in a report on Friday, March 20th. Robert W. Baird decreased their price target on shares of Accenture from $330.00 to $265.00 and set an “outperform” rating for the company in a report on Friday, March 20th. BMO Capital Markets decreased their price target on shares of Accenture from $300.00 to $230.00 and set a “market perform” rating for the company in a report on Friday, March 20th. Finally, Royal Bank Of Canada decreased their price target on shares of Accenture from $295.00 to $253.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $274.50.

Accenture Profile

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.