Accenture PLC (ACN) Shares Sold by Tompkins Financial Corp
Tompkins Financial Corp reduced its stake in Accenture PLC (NYSE:ACN) by 8.0% during the third quarter, Holdings Channel reports. The fund owned 13,287 shares of the company’s stock after selling 1,150 shares during the period. Tompkins Financial Corp’s holdings in Accenture PLC were worth $1,623,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the company. Cribstone Capital Management LLC acquired a new stake in Accenture PLC during the second quarter worth $104,000. Exane Derivatives increased its stake in Accenture PLC by 92.0% in the second quarter. Exane Derivatives now owns 954 shares of the company’s stock worth $108,000 after buying an additional 457 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its stake in Accenture PLC by 1,091.0% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,060 shares of the company’s stock worth $120,000 after buying an additional 971 shares in the last quarter. Tanaka Capital Management Inc. increased its stake in Accenture PLC by 314.8% in the second quarter. Tanaka Capital Management Inc. now owns 1,120 shares of the company’s stock worth $127,000 after buying an additional 850 shares in the last quarter. Finally, Joel Isaacson & Co. LLC increased its stake in Accenture PLC by 18.0% in the second quarter. Joel Isaacson & Co. LLC now owns 1,215 shares of the company’s stock worth $138,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.
Shares of Accenture PLC (NYSE:ACN) traded down 1.25% during trading on Wednesday, hitting $119.43. The company had a trading volume of 2,635,490 shares. The stock has a market capitalization of $74.08 billion, a price-to-earnings ratio of 18.52 and a beta of 1.22. Accenture PLC has a 12-month low of $91.40 and a 12-month high of $124.96. The stock has a 50-day moving average of $117.77 and a 200 day moving average of $115.85.
Accenture PLC (NYSE:ACN) last released its quarterly earnings data on Thursday, September 29th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.01. The business had revenue of $8.49 billion for the quarter. Accenture PLC had a return on equity of 47.07% and a net margin of 12.00%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $1.15 earnings per share. On average, analysts predict that Accenture PLC will post $5.93 EPS for the current fiscal year.
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ACN has been the topic of a number of recent research reports. Cantor Fitzgerald lifted their price target on shares of Accenture PLC from $132.00 to $139.00 and gave the stock a “buy” rating in a research note on Monday, October 3rd. BMO Capital Markets reissued a “hold” rating and set a $118.00 price objective on shares of Accenture PLC in a report on Sunday, August 7th. Wedbush began coverage on Accenture PLC in a report on Thursday, September 8th. They set an “outperform” rating and a $125.00 price objective for the company. Vetr raised Accenture PLC from a “buy” rating to a “strong-buy” rating and set a $130.00 price objective for the company in a report on Thursday, October 20th. Finally, reissued an “outperform” rating and set a $135.00 price objective (up from $126.00) on shares of Accenture PLC in a report on Friday, September 30th. Ten research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Accenture PLC presently has a consensus rating of “Buy” and a consensus target price of $126.15.
In other Accenture PLC news, insider Richard Lumb sold 2,500 shares of the stock in a transaction dated Thursday, October 20th. The stock was sold at an average price of $116.56, for a total value of $291,400.00. Following the completion of the transaction, the insider now directly owns 122,248 shares in the company, valued at $14,249,226.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Pierre Nanterme sold 44,625 shares of the stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $118.04, for a total value of $5,267,535.00. Following the completion of the transaction, the chief executive officer now owns 162,615 shares of the company’s stock, valued at $19,195,074.60. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.
Accenture PLC Company 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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