Acropolis Investment Management LLC Sells 80 Shares of Accenture plc (NYSE:ACN)

Acropolis Investment Management LLC cut its stake in Accenture plc (NYSE:ACN – Get Rating) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,752 shares of the information technology services provider’s stock after selling 80 shares during the period. Acropolis Investment Management LLC’s holdings in Accenture were worth $1,802,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ACN. United Bank lifted its stake in Accenture by 6.3% in the first quarter. United Bank now owns 2,969 shares of the information technology services provider’s stock valued at $1,001,000 after buying an additional 176 shares during the period. Weitz Investment Management Inc. lifted its stake in Accenture by 1.3% in the first quarter. Weitz Investment Management Inc. now owns 89,400 shares of the information technology services provider’s stock valued at $30,148,000 after buying an additional 1,168 shares during the period. Fund Management at Engine No. 1 LLC acquired a new position in Accenture in the first quarter valued at approximately $1,805,000. Guardian Wealth Management Inc. lifted its stake in Accenture by 0.6% in the first quarter. Guardian Wealth Management Inc. now owns 7,292 shares of the information technology services provider’s stock valued at $2,459,000 after buying an additional 41 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in Accenture by 104.8% in the first quarter. Clearbridge Investments LLC now owns 441,451 shares of the information technology services provider’s stock valued at $148,871,000 after buying an additional 225,943 shares during the period. 73.97% of the stock is currently owned by institutional investors.

Accenture Trading Down 1.2 %

NYSE:ACN opened at $250.00 on Friday. The stock has a market capitalization of $157.56 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.33 and a beta of 1.25. The firm’s 50 day moving average is $273.70 and its 200 day moving average is $275.04. Accenture plc has a 12 month low of $242.80 and a 12 month high of $345.30.

Accenture (NYSE:ACN – Get Rating) last posted its quarterly earnings results on Friday, December 16th. The information technology services provider reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $0.17. The company had revenue of $15.75 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Accenture had a net margin of 11.31% and a return on equity of 31.49%. Research analysts predict that Accenture plc will post 11.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

ACN has been the topic of a number of research reports. Cowen upped their target price on Accenture from $295.00 to $300.00 in a research report on Monday, December 19th. Wedbush reiterated an “outperform” rating and set a $300.00 price objective on shares of Accenture in a report on Monday, March 13th. Robert W. Baird dropped their price target on shares of Accenture from $310.00 to $290.00 and set a “neutral” rating on the stock in a research report on Monday, December 19th. Piper Sandler lowered Accenture from a “neutral” rating to an “underweight” rating and set a $268.00 price objective for the company. in a report on Monday, December 12th. Finally, Jefferies Financial Group cut their target price on Accenture from $290.00 to $279.00 in a research report on Monday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $316.50.

Insider Buying and Selling

In other news, Director Paula A. Price sold 750 shares of the firm’s stock in a transaction on Tuesday, December 20th. The stock was sold at an average price of $258.77, for a total value of $194,077.50. Following the completion of the transaction, the director now directly owns 6,697 shares of the company’s stock, valued at $1,732,982.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Accenture news, Director Paula A. Price sold 750 shares of the firm’s stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $258.77, for a total value of $194,077.50. Following the completion of the transaction, the director now owns 6,697 shares in the company, valued at approximately $1,732,982.69. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Joel Unruch sold 556 shares of the stock in a transaction dated Monday, January 23rd. The stock was sold at an average price of $280.53, for a total transaction of $155,974.68. Following the completion of the sale, the general counsel now directly owns 42,991 shares in the company, valued at $12,060,265.23. The disclosure for this sale can be found here. In the last quarter, insiders have sold 39,015 shares of company stock valued at $10,884,179. 0.08% of the stock is owned by company insiders.

Accenture Company Profile

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Accenture Plc engages in the provision of management consulting, technology, and outsourcing services. It operates through the following geographical segments: North America, Europe and Growth Markets. The company was founded in 1989 and is headquartered in Dublin, Ireland.