Weybosset Research & Management LLC Sells 150 Shares of Accenture Plc (ACN)

Weybosset Research & Management LLC reduced its position in shares of Accenture Plc (NYSE:ACN) by 7.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,850 shares of the information technology services provider’s stock after selling 150 shares during the quarter. Weybosset Research & Management LLC’s holdings in Accenture were worth $326,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ACN. Vanguard Group Inc. lifted its holdings in Accenture by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 53,259,800 shares of the information technology services provider’s stock worth $9,064,818,000 after purchasing an additional 770,904 shares in the last quarter. Vanguard Group Inc lifted its holdings in Accenture by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 53,259,800 shares of the information technology services provider’s stock worth $9,064,818,000 after purchasing an additional 770,904 shares in the last quarter. BlackRock Inc. lifted its holdings in Accenture by 0.7% in the 4th quarter. BlackRock Inc. now owns 42,873,376 shares of the information technology services provider’s stock worth $6,045,575,000 after purchasing an additional 316,879 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Accenture by 10,215.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,674,776 shares of the information technology services provider’s stock worth $175,000 after purchasing an additional 24,435,584 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Accenture by 115,500.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 10,222,554 shares of the information technology services provider’s stock worth $1,739,880,000 after purchasing an additional 10,213,711 shares in the last quarter. Institutional investors and hedge funds own 70.14% of the company’s stock.

Shares of Accenture stock opened at $179.30 on Tuesday. The firm has a market capitalization of $120.48 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 2.37 and a beta of 1.12. Accenture Plc has a 52 week low of $132.63 and a 52 week high of $179.63.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 28th. The information technology services provider reported $1.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.16. The company had revenue of $10.45 billion for the quarter, compared to the consensus estimate of $10.30 billion. Accenture had a return on equity of 38.57% and a net margin of 10.52%. Accenture’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.58 EPS. On average, equities research analysts expect that Accenture Plc will post 7.3 earnings per share for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th will be given a $1.46 dividend. This represents a yield of 1.66%. The ex-dividend date of this dividend is Wednesday, April 10th. Accenture’s dividend payout ratio (DPR) is presently 43.32%.

A number of research analysts recently commented on the company. Credit Suisse Group set a $170.00 price target on Accenture and gave the stock a “hold” rating in a report on Tuesday, April 9th. BMO Capital Markets boosted their price target on Accenture to $185.00 and gave the stock a “market perform” rating in a report on Friday, March 29th. William Blair reissued an “outperform” rating on shares of Accenture in a report on Friday, March 29th. Berenberg Bank reissued a “buy” rating and issued a $190.00 price target on shares of Accenture in a report on Monday, April 1st. Finally, SunTrust Banks boosted their price target on Accenture to $180.00 and gave the stock a “hold” rating in a report on Friday, March 29th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the stock. Accenture has an average rating of “Buy” and an average price target of $183.58.

In related 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 transaction of $296,960.00. Following the completion of the sale, the insider now directly owns 134,181 shares in the company, valued at approximately $19,923,194.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Rowland sold 2,883 shares of the company’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $151.75, for a total value of $437,495.25. Following the sale, the chief executive officer now owns 27,367 shares of the company’s stock, valued at $4,152,942.25. The disclosure for this sale can be found here. Insiders sold a total of 16,314 shares of company stock worth $2,604,645 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: “Weybosset Research & Management LLC Sells 150 Shares of Accenture Plc (ACN)” was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.com-unik.info/2019/04/16/weybosset-research-management-llc-sells-150-shares-of-accenture-plc-acn.html.

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.

Featured Story: Technical Analysis of Stocks and What It Means

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture Plc (NYSE:ACN).

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit