Accenture Plc (ACN) Position Reduced by Gould Asset Management LLC CA

Share on StockTwits

Gould Asset Management LLC CA lessened its stake in Accenture Plc (NYSE:ACN) by 9.9% in the 4th quarter, HoldingsChannel reports. The fund owned 1,825 shares of the information technology services provider’s stock after selling 200 shares during the quarter. Gould Asset Management LLC CA’s holdings in Accenture were worth $257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ACN. Vanguard Group Inc. boosted its position in shares of Accenture by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 53,259,800 shares of the information technology services provider’s stock valued at $9,064,818,000 after acquiring an additional 770,904 shares during the last quarter. Vanguard Group Inc boosted its position in shares of Accenture by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 53,259,800 shares of the information technology services provider’s stock valued at $9,064,818,000 after acquiring an additional 770,904 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Accenture by 115,500.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,222,554 shares of the information technology services provider’s stock valued at $1,739,880,000 after acquiring an additional 10,213,711 shares during the last quarter. WCM Investment Management CA boosted its position in shares of Accenture by 3.7% during the 3rd quarter. WCM Investment Management CA now owns 5,905,897 shares of the information technology services provider’s stock valued at $1,005,184,000 after acquiring an additional 212,432 shares during the last quarter. Finally, Polen Capital Management LLC boosted its position in shares of Accenture by 0.7% during the 3rd quarter. Polen Capital Management LLC now owns 5,160,737 shares of the information technology services provider’s stock valued at $878,357,000 after acquiring an additional 36,325 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Shares of ACN opened at $155.32 on Tuesday. The stock has a market capitalization of $103.35 billion, a P/E ratio of 23.04, a P/E/G ratio of 2.09 and a beta of 1.10. Accenture Plc has a 12-month low of $132.63 and a 12-month high of $175.64.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 20th. The information technology services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. The firm had revenue of $10.61 billion for the quarter, compared to analyst estimates of $10.54 billion. Accenture had a net margin of 9.99% and a return on equity of 40.31%. Accenture’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.79 EPS. As a group, equities analysts predict that Accenture Plc will post 7.2 earnings per share for the current year.

ACN has been the topic of several recent research reports. Zacks Investment Research cut shares of Accenture from a “hold” rating to a “sell” rating in a research report on Wednesday, November 28th. Cantor Fitzgerald reissued a “buy” rating and set a $193.00 price target on shares of Accenture in a research report on Thursday, December 13th. Citigroup lowered their price target on shares of Accenture from $172.00 to $161.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 19th. KeyCorp lowered their price target on shares of Accenture from $186.00 to $182.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 19th. Finally, Robert W. Baird lowered their price target on shares of Accenture from $176.00 to $156.00 and set a “neutral” rating on the stock in a research report on Friday, December 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $173.84.

In other Accenture news, insider Jean-Marc Ollagnier sold 6,165 shares of the business’s stock in a transaction dated Monday, December 24th. The shares were sold at an average price of $135.16, for a total transaction of $833,261.40. Following the sale, the insider now directly owns 168,751 shares in the company, valued at $22,808,385.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ellyn Shook sold 1,172 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $155.00, for a total transaction of $181,660.00. Following the sale, the insider now owns 36,337 shares in the company, valued at $5,632,235. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,033 shares of company stock worth $8,154,417. 0.18% of the stock is owned by insiders.

COPYRIGHT VIOLATION WARNING: “Accenture Plc (ACN) Position Reduced by Gould Asset Management LLC CA” was reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/4146360/accenture-plc-acn-position-reduced-by-gould-asset-management-llc-ca.html.

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.

Read More: What is the strike price in options trading?

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).

Institutional Ownership by Quarter for Accenture (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.

Latest News

Bausch Health Companies  Upgraded at Zacks Investment Research
Bausch Health Companies Upgraded at Zacks Investment Research
Tempur Sealy International  Downgraded by Guggenheim to “Neutral”
Tempur Sealy International Downgraded by Guggenheim to “Neutral”
Citigroup Boosts Welltower  Price Target to $75.00
Citigroup Boosts Welltower Price Target to $75.00
Deere & Company  Upgraded at Zacks Investment Research
Deere & Company Upgraded at Zacks Investment Research
Canadian Pacific Railway  Upgraded to Buy at Zacks Investment Research
Canadian Pacific Railway Upgraded to Buy at Zacks Investment Research
$2.73 Earnings Per Share Expected for SYNNEX Co.  This Quarter
$2.73 Earnings Per Share Expected for SYNNEX Co. This Quarter


Leave a Reply

© 2006-2019 Ticker Report