Accenture Plc (ACN) Shares Sold by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. lessened its stake in Accenture Plc (NYSE:ACN) by 28.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,000 shares of the information technology services provider’s stock after selling 790 shares during the period. Canandaigua National Bank & Trust Co.’s holdings in Accenture were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Jacobi Capital Management LLC boosted its stake in shares of Accenture by 104.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 372 shares during the last quarter. TCI Wealth Advisors Inc. boosted its stake in shares of Accenture by 23.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after acquiring an additional 162 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Accenture during the 2nd quarter worth $129,000. Americafirst Capital Management LLC purchased a new position in shares of Accenture during the 3rd quarter worth $187,000. Finally, Ropes Wealth Advisors LLC boosted its stake in shares of Accenture by 10.1% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,555 shares of the information technology services provider’s stock worth $192,000 after acquiring an additional 143 shares during the last quarter. 75.60% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on ACN. KeyCorp lifted their price target on shares of Accenture from $157.00 to $172.00 and gave the stock an “overweight” rating in a research note on Saturday, December 30th. SunTrust Banks reiterated a “hold” rating and set a $164.00 price target on shares of Accenture in a research note on Thursday, December 21st. Barclays lifted their price target on shares of Accenture from $135.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Friday, December 22nd. Cowen reiterated a “buy” rating and set a $166.00 price target on shares of Accenture in a research note on Friday, December 22nd. Finally, Susquehanna Bancshares reiterated a “hold” rating and set a $145.00 price target on shares of Accenture in a research note on Tuesday, December 26th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. Accenture has an average rating of “Hold” and an average target price of $156.57.

In other Accenture news, CEO Pierre Nanterme sold 34,232 shares of the business’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $152.94, for a total value of $5,235,442.08. Following the sale, the chief executive officer now owns 262,490 shares in the company, valued at approximately $40,145,220.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO David Rowland sold 3,102 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $161.21, for a total transaction of $500,073.42. Following the completion of the sale, the chief financial officer now owns 25,012 shares in the company, valued at approximately $4,032,184.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,249 shares of company stock worth $9,312,348. 0.21% of the stock is owned by corporate insiders.

Accenture Plc (NYSE ACN) opened at $155.15 on Thursday. Accenture Plc has a one year low of $114.82 and a one year high of $162.60. The firm has a market cap of $98,271.16, a price-to-earnings ratio of 27.46, a P/E/G ratio of 2.33 and a beta of 1.05.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.12. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The company had revenue of $9.52 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the previous year, the company earned $1.58 EPS. Accenture’s revenue for the quarter was up 11.8% on a year-over-year basis. analysts forecast that Accenture Plc will post 6.65 earnings per share for the current year.

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Accenture Profile

Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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