Sentry Investment Management LLC Sells 1,088 Shares of Accenture Plc (ACN)

Sentry Investment Management LLC lessened its position in shares of Accenture Plc (NYSE:ACN) by 2.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,149 shares of the information technology services provider’s stock after selling 1,088 shares during the period. Sentry Investment Management LLC’s holdings in Accenture were worth $5,943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Focused Wealth Management Inc raised its stake in shares of Accenture by 100.0% during the fourth quarter. Focused Wealth Management Inc now owns 200 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 100 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of Accenture during the fourth quarter valued at about $42,000. WealthTrust Arizona LLC raised its stake in shares of Accenture by 25.1% during the fourth quarter. WealthTrust Arizona LLC now owns 359 shares of the information technology services provider’s stock valued at $51,000 after purchasing an additional 72 shares in the last quarter. First Interstate Bank raised its stake in shares of Accenture by 43.6% during the fourth quarter. First Interstate Bank now owns 395 shares of the information technology services provider’s stock valued at $56,000 after purchasing an additional 120 shares in the last quarter. Finally, We Are One Seven LLC bought a new stake in shares of Accenture during the fourth quarter valued at about $56,000. Institutional investors own 70.19% of the company’s stock.

In other Accenture news, insider Richard Lumb sold 2,000 shares of the company’s stock in a transaction on Thursday, January 17th. The stock was sold at an average price of $148.48, for a total value of $296,960.00. Following the sale, the insider now directly owns 134,181 shares in the company, valued at $19,923,194.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Pierre Nanterme sold 37,846 shares of the company’s stock in a transaction on Monday, December 24th. The shares were sold at an average price of $135.16, for a total value of $5,115,265.36. Following the completion of the sale, the chief executive officer now owns 368,212 shares in the company, valued at $49,767,533.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,033 shares of company stock worth $8,466,177. 0.18% of the stock is currently owned by company insiders.

A number of research analysts recently issued reports on the company. Zacks Investment Research raised Accenture from a “sell” rating to a “hold” rating in a 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 dropped their price target on Accenture from $186.00 to $182.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 19th. Citigroup dropped their price target on 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 dropped their price target on 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 given a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $173.84.

NYSE ACN traded up $0.88 during trading on Tuesday, hitting $164.82. The company’s stock had a trading volume of 42,026 shares, compared to its average volume of 1,903,594. The company has a market cap of $107.40 billion, a P/E ratio of 24.46, a P/E/G ratio of 2.17 and a beta of 1.10. Accenture Plc has a 52 week low of $132.63 and a 52 week high of $175.64.

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

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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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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