Accenture Plc (ACN) Shares Bought by OLD Point Trust & Financial Services N A

OLD Point Trust & Financial Services N A grew its stake in Accenture Plc (NYSE:ACN) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,201 shares of the information technology services provider’s stock after purchasing an additional 855 shares during the quarter. Accenture comprises approximately 3.8% of OLD Point Trust & Financial Services N A’s holdings, making the stock its 5th largest holding. OLD Point Trust & Financial Services N A’s holdings in Accenture were worth $6,374,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Huntington National Bank grew its holdings in shares of Accenture by 0.4% in the 4th quarter. Huntington National Bank now owns 261,811 shares of the information technology services provider’s stock valued at $36,918,000 after acquiring an additional 984 shares in the last quarter. Northwest Investment Counselors LLC lifted its stake in Accenture by 1.1% in the 4th quarter. Northwest Investment Counselors LLC now owns 18,347 shares of the information technology services provider’s stock valued at $2,587,000 after purchasing an additional 202 shares during the last quarter. Private Capital Group LLC lifted its position in Accenture by 5.5% during the fourth quarter. Private Capital Group LLC now owns 2,125 shares of the information technology services provider’s stock worth $300,000 after acquiring an additional 110 shares during the last quarter. Compass Capital Management Inc. lifted its position in Accenture by 3.0% during the fourth quarter. Compass Capital Management Inc. now owns 189,532 shares of the information technology services provider’s stock worth $26,726,000 after acquiring an additional 5,505 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its position in Accenture by 2.9% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 3,318 shares of the information technology services provider’s stock worth $468,000 after acquiring an additional 93 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

ACN stock opened at $158.03 on Thursday. The firm has a market capitalization of $105.15 billion, a P/E ratio of 23.45, a PEG ratio of 2.09 and a beta of 1.10. Accenture Plc has a 12-month low of $132.63 and a 12-month high of $175.64.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 20th. The information technology services provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. Accenture had a net margin of 9.99% and a return on equity of 40.31%. The business had revenue of $10.61 billion for the quarter, compared to analyst estimates of $10.54 billion. During the same quarter in the previous year, the business earned $1.79 earnings per share. Accenture’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts expect that Accenture Plc will post 7.2 EPS for the current year.

Several brokerages have issued reports on ACN. Zacks Investment Research upgraded shares of Accenture from a “sell” rating to a “hold” rating in a research report on Tuesday, December 4th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $193.00 target price on shares of Accenture in a report on Thursday, December 13th. KeyCorp lowered their target price on shares of Accenture from $186.00 to $182.00 and set an “overweight” rating on the stock in a report on Wednesday, December 19th. Citigroup decreased their price objective 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 decreased their price objective on shares of Accenture from $176.00 to $156.00 and set a “neutral” rating on the stock in a research note on Friday, December 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $173.84.

In other news, CEO Pierre Nanterme sold 37,846 shares of the company’s stock in a transaction dated Monday, December 24th. The shares were sold at an average price of $135.16, for a total transaction of $5,115,265.36. Following the transaction, the chief executive officer now owns 368,212 shares in the company, valued at $49,767,533.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ellyn Shook sold 1,172 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $155.00, for a total transaction of $181,660.00. Following the transaction, the insider now owns 36,337 shares in the company, valued at approximately $5,632,235. The disclosure for this sale can be found here. Insiders have sold 61,033 shares of company stock worth $8,466,177 in the last quarter. Company insiders own 0.18% of the company’s stock.

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Accenture Company Profile

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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