Union Bankshares Corp increased its holdings in shares of Accenture Plc (NYSE:ACN) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,478 shares of the information technology services provider’s stock after acquiring an additional 297 shares during the period. Union Bankshares Corp’s holdings in Accenture were worth $2,888,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ACN. Bank of New York Mellon Corp boosted its stake in Accenture by 115,500.5% during the third 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 acquiring an additional 10,213,711 shares in the last quarter. Capital World Investors boosted its stake in Accenture by 1,454.7% during the third quarter. Capital World Investors now owns 2,876,218 shares of the information technology services provider’s stock worth $489,532,000 after acquiring an additional 2,691,218 shares in the last quarter. Nordea Investment Management AB bought a new stake in Accenture during the third quarter worth about $354,668,000. Rehmann Capital Advisory Group boosted its stake in Accenture by 17,056.0% during the third quarter. Rehmann Capital Advisory Group now owns 938,778 shares of the information technology services provider’s stock worth $5,515,000 after acquiring an additional 933,306 shares in the last quarter. Finally, Vanguard Group Inc boosted its stake in Accenture by 1.5% during the third quarter. Vanguard Group Inc now owns 53,259,800 shares of the information technology services provider’s stock worth $9,064,818,000 after acquiring an additional 770,904 shares in the last quarter. 70.46% of the stock is currently owned by institutional investors and hedge funds.

Accenture stock traded down $0.99 during trading hours on Monday, hitting $145.24. The stock had a trading volume of 148,699 shares, compared to its average volume of 2,267,800. The stock has a market capitalization of $96.89 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. Accenture Plc has a 12-month low of $132.63 and a 12-month high of $175.64.

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

In other news, insider ‘T Noordende Alexander M. Van sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, October 22nd. The shares were sold at an average price of $159.64, for a total transaction of $1,277,120.00. Following the completion of the transaction, the insider now directly owns 124,328 shares of the company’s stock, valued at $19,847,721.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard Lumb sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $160.63, for a total transaction of $321,260.00. Following the transaction, the insider now directly owns 117,683 shares of the company’s stock, valued at $18,903,420.29. The disclosure for this sale can be found here. Insiders have sold 91,152 shares of company stock valued at $13,318,994 over the last three months. 0.18% of the stock is owned by corporate insiders.

ACN has been the topic of several research reports. Wells Fargo & Co set a $165.00 price objective on shares of Accenture and gave the stock a “buy” rating in a research note on Thursday, December 20th. KeyCorp dropped their price objective on shares of Accenture from $186.00 to $182.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 19th. Morgan Stanley set a $178.00 price objective on shares of Accenture and gave the stock a “buy” rating in a research note on Friday, December 21st. Zacks Investment Research raised shares of Accenture from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Finally, Argus boosted their price objective on shares of Accenture to $200.00 and gave the stock a “positive” rating in a research note on Friday, September 28th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Accenture presently has an average rating of “Buy” and an average price target of $173.48.

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Accenture Company Profile

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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