Clark Capital Management Group Inc. Acquires 223 Shares of Accenture Plc (ACN)

Share on StockTwits

Clark Capital Management Group Inc. boosted its holdings in Accenture Plc (NYSE:ACN) by 3.6% during the 1st quarter, HoldingsChannel reports. The fund owned 6,455 shares of the information technology services provider’s stock after purchasing an additional 223 shares during the quarter. Clark Capital Management Group Inc.’s holdings in Accenture were worth $1,136,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Common Retirement Fund lifted its position in shares of Accenture by 0.8% during the 1st quarter. New York State Common Retirement Fund now owns 1,805,411 shares of the information technology services provider’s stock worth $317,788,000 after buying an additional 14,194 shares in the last quarter. Tesco Pension Investment Ltd lifted its position in shares of Accenture by 44.1% during the 1st quarter. Tesco Pension Investment Ltd now owns 324,398 shares of the information technology services provider’s stock worth $57,101,000 after buying an additional 99,320 shares in the last quarter. Forsta AP Fonden lifted its position in shares of Accenture by 5.9% during the 1st quarter. Forsta AP Fonden now owns 261,228 shares of the information technology services provider’s stock worth $45,981,000 after buying an additional 14,600 shares in the last quarter. McKinley Carter Wealth Services Inc. lifted its position in shares of Accenture by 7.9% during the 1st quarter. McKinley Carter Wealth Services Inc. now owns 21,185 shares of the information technology services provider’s stock worth $3,729,000 after buying an additional 1,547 shares in the last quarter. Finally, Intercontinental Wealth Advisors LLC lifted its position in shares of Accenture by 22.0% during the 1st quarter. Intercontinental Wealth Advisors LLC now owns 709 shares of the information technology services provider’s stock worth $125,000 after buying an additional 128 shares in the last quarter. 69.09% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider ‘T Noordende Alexander M. Van sold 8,000 shares of Accenture stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $177.78, for a total value of $1,422,240.00. Following the completion of the transaction, the insider now directly owns 116,753 shares in the company, valued at approximately $20,756,348.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ellyn Shook sold 2,343 shares of Accenture stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $175.83, for a total transaction of $411,969.69. Following the completion of the transaction, the insider now owns 33,545 shares of the company’s stock, valued at $5,898,217.35. The disclosure for this sale can be found here. Insiders sold a total of 65,919 shares of company stock valued at $11,695,852 over the last quarter. 0.18% of the stock is owned by company insiders.

Several research firms have commented on ACN. Bank of America cut shares of Accenture from a “buy” rating to a “neutral” rating in a research report on Friday, May 3rd. They noted that the move was a valuation call. Credit Suisse Group set a $170.00 target price on shares of Accenture and gave the stock a “hold” rating in a research report on Tuesday, April 9th. Berenberg Bank reissued a “buy” rating and set a $190.00 target price on shares of Accenture in a research report on Monday, April 1st. William Blair reissued an “outperform” rating on shares of Accenture in a research report on Friday, March 29th. Finally, BMO Capital Markets lifted their price target on shares of Accenture to $185.00 and gave the stock a “market perform” rating in a report on Friday, March 29th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $183.58.

NYSE:ACN opened at $178.81 on Friday. The company has a market capitalization of $120.15 billion, a P/E ratio of 26.53, a P/E/G ratio of 2.38 and a beta of 1.12. Accenture Plc has a 12 month low of $132.63 and a 12 month high of $183.35.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, March 28th. The information technology services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.16. The company had revenue of $10.45 billion for the quarter, compared to analysts’ expectations of $10.30 billion. Accenture had a net margin of 10.52% and a return on equity of 38.57%. Accenture’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.58 EPS. On average, analysts expect that Accenture Plc will post 7.31 earnings per share for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 11th were paid a $1.46 dividend. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a yield of 1.66%. Accenture’s dividend payout ratio is 43.32%.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/4352979/clark-capital-management-group-inc-acquires-223-shares-of-accenture-plc-acn.html.

Accenture Profile

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.

Recommended Story: What Does a Sell-Side Analyst Rating Mean?

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

Barry Zwarenstein Sells 7,663 Shares of Five9 Inc  Stock
Barry Zwarenstein Sells 7,663 Shares of Five9 Inc Stock
Venture Fund Vii L.P. Arch Sells 63,000 Shares of Syros Pharmaceuticals Inc  Stock
Venture Fund Vii L.P. Arch Sells 63,000 Shares of Syros Pharmaceuticals Inc Stock
Insider Selling: Neogen Co.  Director Sells 5,000 Shares of Stock
Insider Selling: Neogen Co. Director Sells 5,000 Shares of Stock
Neogen Co.  Director Sells $314,650.00 in Stock
Neogen Co. Director Sells $314,650.00 in Stock
Insider Selling: Airgain Inc  CEO Sells 22,464 Shares of Stock
Insider Selling: Airgain Inc CEO Sells 22,464 Shares of Stock
Insider Selling: Bottomline Technologies  Insider Sells 9,925 Shares of Stock
Insider Selling: Bottomline Technologies Insider Sells 9,925 Shares of Stock


© 2006-2019 Ticker Report