Union Bankshares Corp Has $3.33 Million Stake in Accenture Plc (NYSE:ACN)

Union Bankshares Corp cut its stake in Accenture Plc (NYSE:ACN) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,771 shares of the information technology services provider’s stock after selling 959 shares during the period. Union Bankshares Corp’s holdings in Accenture were worth $3,333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Accenture by 2.3% in 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 purchasing an additional 1,088,676 shares in the last quarter. BlackRock Inc. boosted its holdings in Accenture by 3.0% during the second quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock worth $5,028,772,000 after purchasing an additional 1,196,578 shares during the last quarter. Capital Research Global Investors boosted its holdings in Accenture by 2.2% during the second quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock worth $3,525,083,000 after purchasing an additional 605,156 shares during the last quarter. Northern Trust Corp boosted its holdings in Accenture by 0.8% during the second quarter. Northern Trust Corp now owns 9,476,570 shares of the information technology services provider’s stock worth $1,172,063,000 after purchasing an additional 70,740 shares during the last quarter. Finally, Independent Franchise Partners LLP boosted its holdings in Accenture by 3.7% during the third quarter. Independent Franchise Partners LLP now owns 6,293,362 shares of the information technology services provider’s stock worth $850,044,000 after purchasing an additional 222,828 shares during the last quarter. 75.28% of the stock is owned by institutional investors.

In other Accenture news, insider ‘T Noordende Alexander M. Van sold 6,500 shares of Accenture stock in a transaction on Monday, January 1st. The shares were sold at an average price of $153.48, for a total transaction of $997,620.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $138.94, for a total transaction of $305,668.00. Following the completion of the transaction, the insider now directly owns 117,151 shares in the company, valued at $16,276,959.94. The disclosure for this sale can be found here. In the last three months, insiders sold 82,116 shares of company stock valued at $12,211,924. 0.21% of the stock is currently owned by insiders.

Several brokerages recently commented on ACN. Pivotal Research set a $180.00 target price on shares of Accenture and gave the stock a “buy” rating in a report on Tuesday. Cowen reaffirmed a “buy” rating and set a $175.00 price target on shares of Accenture in a research report on Friday, January 12th. Citigroup reaffirmed a “hold” rating and set a $159.00 price target on shares of Accenture in a research report on Friday, December 22nd. SunTrust Banks reissued a “hold” rating and issued a $164.00 price objective on shares of Accenture in a research report on Thursday, December 21st. Finally, Bank of America increased their price objective on shares of Accenture from $150.00 to $171.00 in a research report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $156.57.

Accenture Plc (NYSE:ACN) traded up $2.47 during trading on Wednesday, reaching $160.43. 1,518,420 shares of the company’s stock traded hands, compared to its average volume of 2,266,330. Accenture Plc has a 52-week low of $112.31 and a 52-week high of $160.63. The company has a market cap of $102,600.00, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 2.41 and a beta of 1.08.

Accenture (NYSE:ACN) last released 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 consensus estimate of $1.67 by $0.12. The firm had revenue of $9.52 billion during the quarter, compared to analyst estimates of $9.25 billion. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.58 EPS. analysts predict that Accenture Plc will post 6.64 earnings per share for the current fiscal year.

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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.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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