ING Groep NV cut its holdings in Accenture Plc (NYSE:ACN) by 37.2% in the fourth quarter, HoldingsChannel reports. The firm owned 14,781 shares of the information technology services provider’s stock after selling 8,741 shares during the period. ING Groep NV’s holdings in Accenture were worth $2,263,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Janus Henderson Group PLC boosted its holdings in Accenture by 2,531.4% during the second quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock valued at $311,760,000 after acquiring an additional 2,424,888 shares during the period. Capital International Investors boosted its holdings in Accenture by 89.1% during the third quarter. Capital International Investors now owns 4,670,977 shares of the information technology services provider’s stock valued at $630,909,000 after acquiring an additional 2,200,243 shares during the period. BT Investment Management Ltd bought a new stake in Accenture during the second quarter valued at about $220,158,000. Vanguard Group Inc. boosted its holdings in Accenture by 2.3% during the second quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock valued at $5,994,531,000 after acquiring an additional 1,088,676 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in Accenture by 5,214.4% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 1,048,642 shares of the information technology services provider’s stock valued at $141,640,000 after acquiring an additional 1,028,910 shares during the period. Hedge funds and other institutional investors own 75.60% of the company’s stock.
In related news, CEO Pierre Nanterme sold 34,232 shares of the stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $152.94, for a total value of $5,235,442.08. Following the completion of the transaction, the chief executive officer now owns 262,490 shares of the company’s stock, valued at $40,145,220.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Johan Deblaere sold 55,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $154.24, for a total transaction of $8,483,200.00. Following the completion of the transaction, the chief operating officer now directly owns 112,208 shares of the company’s stock, valued at approximately $17,306,961.92. The disclosure for this sale can be found here. Insiders sold 115,249 shares of company stock valued at $17,795,548 in the last three months. Company insiders own 0.21% of the company’s stock.
Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.12. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The firm had revenue of $9.52 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the prior year, the business posted $1.58 earnings per share. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. equities research analysts anticipate that Accenture Plc will post 6.65 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the stock. Pivotal Research set a $180.00 price target on shares of Accenture and gave the company a “buy” rating in a report on Tuesday, January 16th. Cowen restated a “buy” rating and set a $175.00 price target on shares of Accenture in a report on Friday, January 12th. Morgan Stanley upgraded shares of Accenture from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $159.00 to $140.00 in a report on Monday, February 5th. Citigroup restated a “hold” rating and set a $159.00 price target on shares of Accenture in a report on Friday, December 22nd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price target (up from $151.00) on shares of Accenture in a report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $156.57.
Accenture Company Profile
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.
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