Mcrae Capital Management Inc. trimmed its position in shares of Accenture Plc (NYSE:ACN) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,118 shares of the information technology services provider’s stock after selling 896 shares during the period. Accenture accounts for approximately 3.9% of Mcrae Capital Management Inc.’s portfolio, making the stock its 10th largest holding. Mcrae Capital Management Inc.’s holdings in Accenture were worth $7,490,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. increased its position 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 valued at $9,064,818,000 after acquiring an additional 770,904 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Accenture by 1.5% in 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 buying an additional 770,904 shares during the period. Bank of New York Mellon Corp increased its holdings in Accenture by 115,500.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,222,554 shares of the information technology services provider’s stock valued at $1,739,880,000 after purchasing an additional 10,213,711 shares during the period. WCM Investment Management CA boosted its position in Accenture by 3.7% during the 3rd quarter. WCM Investment Management CA now owns 5,905,897 shares of the information technology services provider’s stock valued at $1,005,184,000 after acquiring an additional 212,432 shares in the last quarter. Finally, Polen Capital Management LLC boosted its position in shares of Accenture by 0.7% in the 3rd 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 in the last quarter. Institutional investors own 74.19% of the company’s stock.
Shares of Accenture stock opened at $158.03 on Thursday. The stock has a market cap of $105.15 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. Accenture Plc has a one year low of $132.63 and a one year high of $175.64.
In other Accenture news, insider Ellyn Shook sold 1,172 shares of Accenture stock in a transaction dated 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 sale, the insider now owns 36,337 shares of the company’s stock, valued at $5,632,235. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $155.88, for a total value of $311,760.00. Following the sale, the insider now directly owns 131,024 shares of the company’s stock, valued at approximately $20,424,021.12. The disclosure for this sale can be found here. Insiders sold 61,033 shares of company stock valued at $8,466,177 over the last three months. Company insiders own 0.18% of the company’s stock.
Several research analysts have commented on ACN shares. Zacks Investment Research raised shares of Accenture from a “sell” rating to a “hold” rating in a report on Tuesday, December 4th. Cantor Fitzgerald reiterated a “buy” rating and set a $193.00 price objective on shares of Accenture in a research note on Thursday, December 13th. KeyCorp lowered their price target on shares of Accenture from $186.00 to $182.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 19th. Citigroup cut their target price on shares of Accenture from $172.00 to $161.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 19th. Finally, Robert W. Baird reduced their target price on shares of Accenture from $176.00 to $156.00 and set a “neutral” rating for the company in a research note on Friday, December 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $173.84.
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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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