Accenture plc (NYSE:ACN) Shares Sold by Security National Bank


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Security National Bank lessened its holdings in shares of Accenture plc (NYSE:ACN) by 0.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,943 shares of the information technology services provider’s stock after selling 76 shares during the quarter. Security National Bank’s holdings in Accenture were worth $3,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. United Bank raised its holdings in shares of Accenture by 9.9% during the 3rd quarter. United Bank now owns 2,347 shares of the information technology services provider’s stock worth $530,000 after acquiring an additional 212 shares during the period. First City Capital Management Inc. raised its holdings in shares of Accenture by 51.5% during the 3rd quarter. First City Capital Management Inc. now owns 1,470 shares of the information technology services provider’s stock worth $337,000 after acquiring an additional 500 shares during the period. OLD Mission Capital LLC purchased a new position in shares of Accenture during the 3rd quarter worth $223,000. Lombard Odier Asset Management Switzerland SA purchased a new position in shares of Accenture during the 3rd quarter worth $1,329,000. Finally, Point72 Asset Management L.P. raised its holdings in shares of Accenture by 373.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 59,909 shares of the information technology services provider’s stock worth $13,539,000 after acquiring an additional 47,245 shares during the period. 70.99% of the stock is currently owned by institutional investors.

ACN has been the topic of several analyst reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on Accenture from $265.00 to $303.00 in a report on Friday, December 18th. Smith Barney Citigroup boosted their price objective on shares of Accenture from $265.00 to $303.00 in a report on Friday, December 18th. Piper Sandler boosted their price objective on shares of Accenture from $210.00 to $282.00 and gave the company a “neutral” rating in a report on Friday, December 18th. BMO Capital Markets boosted their price objective on shares of Accenture from $292.00 to $302.00 and gave the company a “market perform” rating in a report on Thursday, March 25th. Finally, Barclays boosted their price objective on shares of Accenture from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Monday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $267.96.

In related news, COO Johan Deblaere sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, March 26th. The stock was sold at an average price of $280.00, for a total value of $2,240,000.00. Following the completion of the transaction, the chief operating officer now directly owns 52,579 shares of the company’s stock, valued at $14,722,120. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jean-Marc Ollagnier sold 4,157 shares of the company’s stock in a transaction that occurred on Friday, January 15th. The shares were sold at an average price of $254.17, for a total value of $1,056,584.69. Following the completion of the transaction, the insider now directly owns 180,521 shares of the company’s stock, valued at $45,883,022.57. The disclosure for this sale can be found here. Insiders sold 39,482 shares of company stock valued at $10,186,569 over the last ninety days. 0.07% of the stock is currently owned by corporate insiders.

Shares of Accenture stock traded up $2.14 on Thursday, reaching $284.71. 18,026 shares of the company were exchanged, compared to its average volume of 2,154,414. Accenture plc has a 1-year low of $165.07 and a 1-year high of $283.63. The company has a market cap of $181.12 billion, a P/E ratio of 35.10, a price-to-earnings-growth ratio of 3.09 and a beta of 1.08. The stock’s 50 day moving average price is $263.45 and its 200-day moving average price is $248.56.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Wednesday, March 17th. The information technology services provider reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.13. Accenture had a return on equity of 29.32% and a net margin of 11.74%. The business had revenue of $12.09 billion during the quarter, compared to the consensus estimate of $11.83 billion. During the same period in the previous year, the company posted $1.91 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts expect that Accenture plc will post 8.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 14th. Investors of record on Thursday, April 15th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Wednesday, April 14th. Accenture’s dividend payout ratio (DPR) is 47.18%.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company also provides outsourcing services. It serves communications, media, high tech, software, and platform companies; banking, capital market, and insurance industries; and consumer goods, retail, travel services, industrial, and life science industries, as well as clients in health, public service, chemicals and natural resources, energy, and utilities sectors.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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