Accenture Plc (ACN) Shares Sold by Peoples Financial Services CORP.

Peoples Financial Services CORP. lessened its position in shares of Accenture Plc (NYSE:ACN) by 11.0% during the 1st quarter, Holdings Channel reports. The firm owned 1,415 shares of the information technology services provider’s stock after selling 175 shares during the quarter. Peoples Financial Services CORP.’s holdings in Accenture were worth $249,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. TCI Wealth Advisors Inc. grew its stake in Accenture by 11.2% during the 1st 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 last quarter. Rehmann Capital Advisory Group grew its stake in Accenture by 1.2% during the 4th 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 last quarter. Global Retirement Partners LLC grew its stake in Accenture by 15.6% during the 4th 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 last quarter. South State Corp grew its stake in Accenture by 0.9% during the 4th quarter. South State Corp now owns 7,531 shares of the information technology services provider’s stock valued at $1,062,000 after purchasing an additional 69 shares during the last quarter. Finally, WealthTrust Arizona LLC lifted its holdings in shares of Accenture by 25.1% in the 4th quarter. WealthTrust Arizona LLC now owns 359 shares of the information technology services provider’s stock valued at $51,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 70.14% of the company’s stock.

In other Accenture news, COO Johan Deblaere sold 3,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $175.80, for a total transaction of $527,400.00. Following the completion of the transaction, the chief operating officer now owns 74,937 shares of the company’s stock, valued at $13,173,924.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ellyn Shook sold 1,172 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $155.00, for a total value of $181,660.00. Following the transaction, the insider now directly owns 36,337 shares of the company’s stock, valued at approximately $5,632,235. The disclosure for this sale can be found here. Insiders sold a total of 11,398 shares of company stock valued at $1,870,285 in the last ninety days. 0.18% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on ACN shares. Morgan Stanley set a $178.00 price objective on Accenture and gave the company a “buy” rating in a report on Friday, December 21st. Bank of America raised Accenture from a “neutral” rating to a “buy” rating and set a $143.07 price objective for the company in a report on Tuesday, January 8th. They noted that the move was a valuation call. Zacks Investment Research cut Accenture from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. SunTrust Banks decreased their price objective on Accenture from $178.00 to $157.00 and set a “hold” rating for the company in a report on Monday, December 24th. They noted that the move was a valuation call. Finally, Robert W. Baird decreased their price objective on Accenture from $176.00 to $156.00 and set a “neutral” rating for the company in a report on Friday, December 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $183.58.

NYSE ACN opened at $178.61 on Friday. The stock has a market capitalization of $120.02 billion, a P/E ratio of 26.50, a price-to-earnings-growth ratio of 2.38 and a beta of 1.12. Accenture Plc has a twelve month low of $132.63 and a twelve month high of $180.00.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, March 28th. The information technology services provider reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.16. The company had revenue of $10.45 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Accenture had a return on equity of 38.57% and a net margin of 10.52%. Accenture’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 EPS. Analysts forecast that Accenture Plc will post 7.3 earnings per share for the current fiscal year.

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

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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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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