Haverford Financial Services Inc. Has $11.76 Million Holdings in Accenture (ACN)

Haverford Financial Services Inc. cut its position in Accenture (NYSE:ACN) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 76,583 shares of the information technology services provider’s stock after selling 875 shares during the period. Accenture comprises about 4.5% of Haverford Financial Services Inc.’s portfolio, making the stock its 6th largest position. Haverford Financial Services Inc.’s holdings in Accenture were worth $11,755,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Foster & Motley Inc. raised its holdings in Accenture by 0.8% in the fourth quarter. Foster & Motley Inc. now owns 39,904 shares of the information technology services provider’s stock worth $6,109,000 after purchasing an additional 318 shares during the period. Park Avenue Securities LLC raised its holdings in Accenture by 11.2% in the fourth quarter. Park Avenue Securities LLC now owns 3,251 shares of the information technology services provider’s stock worth $500,000 after purchasing an additional 327 shares during the period. Capital Analysts LLC raised its holdings in Accenture by 4.9% in the fourth quarter. Capital Analysts LLC now owns 7,937 shares of the information technology services provider’s stock worth $1,215,000 after purchasing an additional 368 shares during the period. D.A. Davidson & CO. raised its holdings in Accenture by 4.3% in the fourth quarter. D.A. Davidson & CO. now owns 9,219 shares of the information technology services provider’s stock worth $1,411,000 after purchasing an additional 383 shares during the period. Finally, Whittier Trust Co. raised its holdings in Accenture by 1.8% in the first quarter. Whittier Trust Co. now owns 22,462 shares of the information technology services provider’s stock worth $3,448,000 after purchasing an additional 397 shares during the period. Institutional investors own 75.18% of the company’s stock.

Shares of Accenture opened at $154.93 on Friday, according to MarketBeat. Accenture has a one year low of $153.87 and a one year high of $154.97. The stock has a market capitalization of $97.88 billion, a PE ratio of 26.21, a PEG ratio of 2.30 and a beta of 1.03.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 22nd. The information technology services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.31 billion. Accenture had a net margin of 9.18% and a return on equity of 41.50%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 EPS. sell-side analysts expect that Accenture will post 6.69 earnings per share for the current year.

Several equities research analysts have weighed in on the stock. William Blair reiterated an “outperform” rating on shares of Accenture in a report on Thursday, March 22nd. Credit Suisse Group set a $151.00 target price on shares of Accenture and gave the company a “hold” rating in a research report on Thursday, April 26th. BMO Capital Markets raised their target price on shares of Accenture from $156.00 to $158.00 and gave the company a “market perform” rating in a research report on Friday, March 23rd. KeyCorp raised their target price on shares of Accenture from $172.00 to $181.00 and gave the company a “positive” rating in a research report on Monday, March 19th. Finally, Pivotal Research set a $180.00 target price on shares of Accenture and gave the company a “buy” rating in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Accenture presently has an average rating of “Buy” and an average price target of $161.20.

In other news, insider Richard Lumb sold 2,000 shares of the firm’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $156.10, for a total transaction of $312,200.00. Following the completion of the sale, the insider now owns 120,025 shares in the company, valued at approximately $18,735,902.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Pierre Nanterme sold 36,858 shares of the firm’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $150.80, for a total transaction of $5,558,186.40. Following the sale, the chief executive officer now owns 357,405 shares of the company’s stock, valued at approximately $53,896,674. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 53,828 shares of company stock valued at $8,145,630. 0.21% of the stock is currently owned by corporate insiders.

Accenture Profile

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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