Achmea Investment Management B.V. Sells 4,326 Shares of Accenture plc (NYSE:ACN)

Achmea Investment Management B.V. lessened its holdings in shares of Accenture plc (NYSE:ACNGet Rating) by 4.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 88,612 shares of the information technology services provider’s stock after selling 4,326 shares during the period. Accenture makes up 0.8% of Achmea Investment Management B.V.’s investment portfolio, making the stock its 23rd largest position. Achmea Investment Management B.V.’s holdings in Accenture were worth $29,882,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Clark Capital Management Group Inc. boosted its stake in Accenture by 592.7% in the 1st quarter. Clark Capital Management Group Inc. now owns 89,412 shares of the information technology services provider’s stock worth $30,152,000 after purchasing an additional 76,504 shares in the last quarter. Siemens Fonds Invest GmbH boosted its stake in Accenture by 0.3% in the 1st quarter. Siemens Fonds Invest GmbH now owns 31,804 shares of the information technology services provider’s stock worth $10,725,000 after purchasing an additional 88 shares in the last quarter. Cadence Bank boosted its stake in Accenture by 0.7% in the 1st quarter. Cadence Bank now owns 4,999 shares of the information technology services provider’s stock worth $1,686,000 after purchasing an additional 36 shares in the last quarter. Industrial Alliance Investment Management Inc. boosted its stake in Accenture by 8.1% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 48,558 shares of the information technology services provider’s stock worth $16,375,000 after purchasing an additional 3,631 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in Accenture in the 1st quarter worth about $9,424,000. Institutional investors own 73.73% of the company’s stock.

Insider Activity

In other news, General Counsel Joel Unruch sold 555 shares of the stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $300.00, for a total transaction of $166,500.00. Following the completion of the transaction, the general counsel now directly owns 25,601 shares in the company, valued at approximately $7,680,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, General Counsel Joel Unruch sold 555 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $300.00, for a total transaction of $166,500.00. Following the sale, the general counsel now owns 25,601 shares in the company, valued at approximately $7,680,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ellyn Shook sold 750 shares of the stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $300.00, for a total value of $225,000.00. Following the sale, the insider now owns 21,400 shares in the company, valued at approximately $6,420,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,389 shares of company stock worth $3,132,777. 0.07% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on ACN. Cowen decreased their target price on Accenture from $330.00 to $325.00 and set an “outperform” rating for the company in a research report on Friday, June 24th. Royal Bank of Canada decreased their target price on Accenture from $435.00 to $357.00 and set an “outperform” rating for the company in a research report on Friday, June 24th. Morgan Stanley decreased their target price on Accenture from $385.00 to $350.00 and set an “overweight” rating for the company in a research report on Wednesday. Exane BNP Paribas lowered Accenture from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 29th. Finally, Bank of America reduced their price target on shares of Accenture from $443.00 to $374.00 and set a “buy” rating for the company in a research report on Friday, June 17th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $358.17.

Accenture Price Performance

ACN stock opened at $290.55 on Friday. Accenture plc has a 1-year low of $261.77 and a 1-year high of $417.37. The company has a market capitalization of $183.79 billion, a price-to-earnings ratio of 28.18, a PEG ratio of 2.41 and a beta of 1.22. The business has a 50 day simple moving average of $295.06 and a two-hundred day simple moving average of $302.35.

Accenture (NYSE:ACNGet Rating) last posted its quarterly earnings results on Thursday, June 23rd. The information technology services provider reported $2.79 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.05). Accenture had a return on equity of 31.50% and a net margin of 11.13%. The business had revenue of $16.16 billion during the quarter, compared to the consensus estimate of $16.05 billion. During the same quarter in the previous year, the company earned $2.40 earnings per share. Sell-side analysts anticipate that Accenture plc will post 10.68 EPS for the current fiscal year.

Accenture Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Thursday, July 14th were given a dividend of $0.97 per share. The ex-dividend date was Wednesday, July 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.34%. Accenture’s dividend payout ratio is currently 37.63%.

Accenture Company Profile

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Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

Further Reading

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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