Adirondack Trust Co. Sells 278 Shares of Accenture Plc (NYSE:ACN)

Share on StockTwits

Adirondack Trust Co. lowered its holdings in Accenture Plc (NYSE:ACN) by 7.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,507 shares of the information technology services provider’s stock after selling 278 shares during the period. Adirondack Trust Co.’s holdings in Accenture were worth $641,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Mitchell Capital Management Co. boosted its stake in shares of Accenture by 1.4% in the first quarter. Mitchell Capital Management Co. now owns 4,140 shares of the information technology services provider’s stock valued at $729,000 after purchasing an additional 56 shares during the period. TCI Wealth Advisors Inc. boosted its stake in shares of Accenture by 11.2% in the first quarter. TCI Wealth Advisors Inc. now owns 637 shares of the information technology services provider’s stock valued at $112,000 after purchasing an additional 64 shares during the period. Rehmann Capital Advisory Group boosted its stake in shares of Accenture by 1.2% in the fourth quarter. Rehmann Capital Advisory Group now owns 5,582 shares of the information technology services provider’s stock valued at $787,000 after purchasing an additional 67 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Accenture by 15.6% in the fourth quarter. Global Retirement Partners LLC now owns 496 shares of the information technology services provider’s stock valued at $70,000 after purchasing an additional 67 shares during the period. Finally, Convergence Investment Partners LLC boosted its stake in shares of Accenture by 4.5% in the first quarter. Convergence Investment Partners LLC now owns 1,578 shares of the information technology services provider’s stock valued at $278,000 after purchasing an additional 68 shares during the period. 69.29% of the stock is owned by institutional investors.

NYSE ACN opened at $184.59 on Thursday. Accenture Plc has a 12 month low of $132.63 and a 12 month high of $186.68. The firm has a market cap of $123.94 billion, a price-to-earnings ratio of 27.39, a P/E/G ratio of 2.43 and a beta of 1.07.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, March 28th. The information technology services provider reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.16. Accenture had a net margin of 10.52% and a return on equity of 38.57%. The firm had revenue of $10.45 billion for the quarter, compared to the consensus estimate of $10.30 billion. During the same period in the prior year, the firm posted $1.58 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that Accenture Plc will post 7.29 earnings per share for the current fiscal year.

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

In other news, insider Ellyn Shook sold 2,343 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $175.83, for a total value of $411,969.69. Following the transaction, the insider now directly owns 33,545 shares in the company, valued at approximately $5,898,217.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard Lumb sold 18,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $181.19, for a total transaction of $3,261,420.00. Following the completion of the transaction, the insider now owns 95,215 shares in the company, valued at $17,252,005.85. The disclosure for this sale can be found here. Insiders have sold a total of 65,919 shares of company stock worth $11,695,852 over the last quarter. 0.18% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on the stock. Berenberg Bank restated a “buy” rating and issued a $190.00 target price on shares of Accenture in a research note on Monday, April 1st. William Blair restated an “outperform” rating on shares of Accenture in a research note on Friday, March 29th. Credit Suisse Group set a $170.00 target price on shares of Accenture and gave the company a “hold” rating in a research note on Tuesday, April 9th. ValuEngine upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Finally, Bank of America downgraded shares of Accenture from a “buy” rating to a “neutral” rating in a research note on Friday, May 3rd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $184.11.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/4369836/adirondack-trust-co-sells-278-shares-of-accenture-plc-nyseacn.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.

Further Reading: P/E Growth (PEG)

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

International Stem Cell  Downgraded by Zacks Investment Research to Sell
International Stem Cell Downgraded by Zacks Investment Research to Sell
Urban Outfitters  Upgraded to “Sell” by BidaskClub
Urban Outfitters Upgraded to “Sell” by BidaskClub
Klepierre  Upgraded to “Hold” by Zacks Investment Research
Klepierre Upgraded to “Hold” by Zacks Investment Research
Earthstone Energy Inc Expected to Post Q2 2019 Earnings of $0.20 Per Share
Earthstone Energy Inc Expected to Post Q2 2019 Earnings of $0.20 Per Share
VEON  Upgraded to “Buy” at BidaskClub
VEON Upgraded to “Buy” at BidaskClub
Sandy Spring Bancorp  Upgraded to Buy at BidaskClub
Sandy Spring Bancorp Upgraded to Buy at BidaskClub


© 2006-2019 Ticker Report