Cornerstone Capital Management Holdings LLC. lessened its holdings in shares of Accenture Plc (NYSE:ACN) by 1.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 605,155 shares of the information technology services provider’s stock after selling 8,715 shares during the period. Accenture makes up approximately 0.6% of Cornerstone Capital Management Holdings LLC.’s holdings, making the stock its 21st largest position. Cornerstone Capital Management Holdings LLC.’s holdings in Accenture were worth $92,641,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of ACN. Jacobi Capital Management LLC lifted its position in shares of Accenture by 104.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 372 shares during the last quarter. Virtue Capital Management LLC acquired a new position in shares of Accenture during the 4th quarter worth about $128,000. Aevitas Wealth Management Inc. acquired a new position in shares of Accenture during the 4th quarter worth about $131,000. Santori & Peters Inc. acquired a new position in shares of Accenture during the 4th quarter worth about $181,000. Finally, Americafirst Capital Management LLC acquired a new position in shares of Accenture during the 3rd quarter worth about $187,000. 75.58% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently weighed in on ACN shares. Susquehanna Bancshares reissued a “hold” rating and set a $145.00 price objective on shares of Accenture in a research report on Tuesday, December 26th. Pivotal Research set a $180.00 price target on Accenture and gave the company a “buy” rating in a research note on Thursday, December 28th. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Tuesday, November 28th. Bank of America boosted their price target on Accenture from $150.00 to $171.00 in a research note on Friday, December 22nd. Finally, Robert W. Baird restated a “hold” rating and set a $155.00 price target on shares of Accenture in a research note on Thursday, December 7th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $156.57.
Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The company had revenue of $9.52 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same period in the prior year, the company posted $1.58 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. equities analysts expect that Accenture Plc will post 6.65 EPS for the current year.
In other news, CAO Richard P. Clark sold 1,433 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $158.37, for a total value of $226,944.21. Following the sale, the chief accounting officer now directly owns 8,932 shares in the company, valued at approximately $1,414,560.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Johan Deblaere sold 55,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $154.24, for a total value of $8,483,200.00. Following the completion of the sale, the chief operating officer now owns 112,208 shares in the company, valued at $17,306,961.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,249 shares of company stock worth $18,106,228. Corporate insiders own 0.21% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Accenture Plc (ACN) Shares Sold by Cornerstone Capital Management Holdings LLC.” was originally reported by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3258957/accenture-plc-acn-shares-sold-by-cornerstone-capital-management-holdings-llc.html.
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.
Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture Plc (NYSE:ACN).
Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.