Csenge Advisory Group Cuts Stock Holdings in Accenture plc (NYSE:ACN)


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Csenge Advisory Group trimmed its position in shares of Accenture plc (NYSE:ACN) by 4.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,584 shares of the information technology services provider’s stock after selling 134 shares during the period. Csenge Advisory Group’s holdings in Accenture were worth $675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Accenture by 23.7% during the 2nd quarter. FMR LLC now owns 9,599,021 shares of the information technology services provider’s stock valued at $2,061,101,000 after purchasing an additional 1,840,911 shares in the last quarter. WCM Investment Management LLC grew its stake in Accenture by 2.5% in the 3rd quarter. WCM Investment Management LLC now owns 7,619,166 shares of the information technology services provider’s stock valued at $1,721,855,000 after acquiring an additional 187,016 shares during the period. California Public Employees Retirement System grew its stake in Accenture by 2.3% in the 3rd quarter. California Public Employees Retirement System now owns 3,789,570 shares of the information technology services provider’s stock valued at $856,405,000 after acquiring an additional 84,083 shares during the period. Pendal Group Limited grew its stake in Accenture by 1.2% in the 3rd quarter. Pendal Group Limited now owns 2,126,472 shares of the information technology services provider’s stock valued at $480,561,000 after acquiring an additional 26,017 shares during the period. Finally, Neuberger Berman Group LLC grew its stake in Accenture by 3.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,688,807 shares of the information technology services provider’s stock valued at $381,455,000 after acquiring an additional 48,699 shares during the period. 70.99% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:ACN opened at $252.99 on Wednesday. The firm has a market capitalization of $166.69 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 3.09 and a beta of 1.08. The firm’s 50-day moving average is $256.45 and its two-hundred day moving average is $238.08. Accenture plc has a 1 year low of $137.15 and a 1 year high of $271.18.

Accenture (NYSE:ACN) last released its earnings results on Wednesday, December 16th. The information technology services provider reported $2.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.05 by $0.12. Accenture had a net margin of 11.74% and a return on equity of 29.32%. The firm had revenue of $11.76 billion for the quarter, compared to analyst estimates of $11.36 billion. During the same period in the prior year, the firm earned $2.09 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, equities analysts forecast that Accenture plc will post 8.22 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 12th. Investors of record on Thursday, January 14th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, January 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.39%. Accenture’s payout ratio is 47.18%.

ACN has been the topic of a number of research analyst reports. Bank of America raised shares of Accenture from an “underperform” rating to a “neutral” rating and set a $261.00 price target on the stock in a research note on Wednesday, January 6th. Smith Barney Citigroup lifted their target price on shares of Accenture from $265.00 to $303.00 in a research note on Friday, December 18th. Wells Fargo & Company started coverage on shares of Accenture in a research note on Friday, December 18th. They set an “equal weight” rating on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their target price on shares of Accenture from $265.00 to $303.00 in a research note on Friday, December 18th. Finally, 140166 cut shares of Accenture from a “positive” rating to a “neutral” rating and set a $250.00 target price on the stock. in a research note on Monday, December 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $249.20.

In related news, Director Plc Accenture sold 3,200,000 shares of the company’s stock in a transaction that occurred on Friday, November 13th. The shares were sold at an average price of $39.77, for a total transaction of $127,264,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ellyn Shook sold 2,600 shares of the company’s stock in a transaction that occurred on Friday, January 22nd. The stock was sold at an average price of $255.40, for a total transaction of $664,040.00. Following the sale, the insider now owns 25,412 shares in the company, valued at $6,490,224.80. The disclosure for this sale can be found here. Insiders have sold 3,710,669 shares of company stock worth $153,923,144 over the last 90 days. Insiders own 0.07% of the company’s stock.

Accenture Profile

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company also provides outsourcing services. It serves communications, media, high tech, software, and platform companies; banking, capital market, and insurance industries; and consumer goods, retail, travel services, industrial, and life science industries, as well as clients in health, public service, chemicals and natural resources, energy, and utilities sectors.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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