Accenture Plc (ACN) Shares Sold by Veritas Investment Management UK Ltd

Veritas Investment Management UK Ltd decreased its holdings in shares of Accenture Plc (NYSE:ACN) by 6.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 105,211 shares of the information technology services provider’s stock after selling 7,308 shares during the period. Accenture makes up approximately 4.8% of Veritas Investment Management UK Ltd’s investment portfolio, making the stock its 12th largest holding. Veritas Investment Management UK Ltd’s holdings in Accenture were worth $14,836,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Accenture by 1.5% during the third quarter. Vanguard Group Inc. now owns 53,259,800 shares of the information technology services provider’s stock worth $9,064,818,000 after purchasing an additional 770,904 shares during the period. Vanguard Group Inc lifted its holdings in shares of Accenture by 1.5% during the third quarter. Vanguard Group Inc now owns 53,259,800 shares of the information technology services provider’s stock worth $9,064,818,000 after purchasing an additional 770,904 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Accenture by 115,500.5% during the third quarter. Bank of New York Mellon Corp now owns 10,222,554 shares of the information technology services provider’s stock worth $1,739,880,000 after purchasing an additional 10,213,711 shares during the period. WCM Investment Management CA lifted its holdings in shares of Accenture by 3.7% during the third quarter. WCM Investment Management CA now owns 5,905,897 shares of the information technology services provider’s stock worth $1,005,184,000 after purchasing an additional 212,432 shares during the period. Finally, Polen Capital Management LLC lifted its holdings in shares of Accenture by 0.7% during the third quarter. Polen Capital Management LLC now owns 5,160,737 shares of the information technology services provider’s stock worth $878,357,000 after purchasing an additional 36,325 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

NYSE:ACN traded up $0.86 during trading hours on Monday, reaching $156.45. The company had a trading volume of 15,843 shares, compared to its average volume of 1,840,974. Accenture Plc has a 1-year low of $132.63 and a 1-year high of $175.64. The company has a market capitalization of $103.35 billion, a PE ratio of 23.21, a PEG ratio of 2.09 and a beta of 1.10.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 20th. The information technology services provider reported $1.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.12. Accenture had a return on equity of 40.31% and a net margin of 9.99%. The company had revenue of $10.61 billion during the quarter, compared to the consensus estimate of $10.54 billion. During the same period in the previous year, the company posted $1.79 earnings per share. Accenture’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities research analysts anticipate that Accenture Plc will post 7.2 EPS for the current year.

ACN has been the subject of a number of research reports. Citigroup decreased their target price on Accenture from $172.00 to $161.00 and set a “neutral” rating for the company in a report on Wednesday, December 19th. Wells Fargo & Co set a $165.00 target price on Accenture and gave the stock a “buy” rating in a report on Thursday, December 20th. ValuEngine downgraded Accenture from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Robert W. Baird decreased their target price on Accenture from $176.00 to $156.00 and set a “neutral” rating for the company in a report on Friday, December 21st. Finally, KeyCorp decreased their target price on Accenture from $186.00 to $182.00 and set an “overweight” rating for the company in a report on Wednesday, December 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. Accenture currently has an average rating of “Buy” and a consensus target price of $173.84.

In other news, insider Ellyn Shook sold 1,172 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $155.00, for a total transaction of $181,660.00. Following the completion of the transaction, the insider now directly owns 36,337 shares of the company’s stock, valued at approximately $5,632,235. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jean-Marc Ollagnier sold 6,165 shares of the company’s stock in a transaction that occurred on Monday, December 24th. The stock was sold at an average price of $135.16, for a total value of $833,261.40. Following the transaction, the insider now directly owns 168,751 shares of the company’s stock, valued at $22,808,385.16. The disclosure for this sale can be found here. Insiders sold 59,033 shares of company stock valued at $8,154,417 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Accenture Plc (ACN) Shares Sold by Veritas Investment Management UK Ltd” was originally reported by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.baseballdailydigest.com/news/2019/02/11/accenture-plc-acn-shares-sold-by-veritas-investment-management-uk-ltd.html.

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.

Featured Story: Day Trading – Risk Worth the Reward?

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.

Leave a Reply