Accenture Plc (ACN) Holdings Trimmed by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. reduced its position in shares of Accenture Plc (NYSE:ACN) by 11.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,352 shares of the information technology services provider’s stock after selling 6,539 shares during the quarter. Accenture comprises 2.7% of Contravisory Investment Management Inc.’s holdings, making the stock its 3rd biggest position. Contravisory Investment Management Inc.’s holdings in Accenture were worth $7,402,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ACN. Flagship Harbor Advisors LLC increased its stake in shares of Accenture by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock valued at $362,000 after acquiring an additional 12 shares during the last quarter. AlphaMark Advisors LLC increased its stake in shares of Accenture by 0.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock valued at $287,000 after acquiring an additional 20 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Accenture by 1.4% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock valued at $223,000 after acquiring an additional 24 shares during the last quarter. Manchester Capital Management LLC increased its stake in shares of Accenture by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after acquiring an additional 60 shares during the last quarter. Finally, MAI Capital Management increased its stake in shares of Accenture by 0.6% in the 2nd quarter. MAI Capital Management now owns 14,744 shares of the information technology services provider’s stock valued at $1,824,000 after acquiring an additional 90 shares during the last quarter. 75.28% of the stock is owned by hedge funds and other institutional investors.

In other Accenture news, insider Daniel T. London sold 3,087 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $140.05, for a total transaction of $432,334.35. Following the completion of the transaction, the insider now owns 21,241 shares of the company’s stock, valued at approximately $2,974,802.05. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ellyn Shook sold 4,375 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $159.25, for a total value of $696,718.75. Following the transaction, the insider now directly owns 41,595 shares of the company’s stock, valued at approximately $6,624,003.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 86,491 shares of company stock valued at $12,908,642. Insiders own 0.21% of the company’s stock.

Shares of Accenture Plc (NYSE ACN) traded up $0.73 on Thursday, hitting $160.94. The company had a trading volume of 1,688,369 shares, compared to its average volume of 2,207,883. Accenture Plc has a 1-year low of $112.31 and a 1-year high of $161.08. The firm has a market cap of $103,180.00, a price-to-earnings ratio of 28.54, a PEG ratio of 2.38 and a beta of 1.08.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The firm had revenue of $9.52 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the prior year, the firm posted $1.58 EPS. The business’s revenue was up 11.8% on a year-over-year basis. analysts anticipate that Accenture Plc will post 6.64 EPS for the current fiscal year.

A number of brokerages have recently commented on ACN. Pivotal Research set a $180.00 price target on Accenture and gave the company a “buy” rating in a research note on Tuesday. Cowen reaffirmed a “buy” rating and issued a $175.00 price target on shares of Accenture in a research note on Friday, January 12th. Credit Suisse Group set a $165.00 price target on Accenture and gave the company a “hold” rating in a research note on Tuesday, January 2nd. KeyCorp boosted their price objective on Accenture from $157.00 to $172.00 and gave the company an “overweight” rating in a research report on Saturday, December 30th. Finally, Barclays boosted their price objective on Accenture from $135.00 to $152.00 and gave the company an “equal weight” rating in a research report on Saturday, December 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. Accenture presently has a consensus rating of “Hold” and a consensus target price of $156.57.

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Accenture Company Profile

Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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