Accenture Plc (ACN) Holdings Reduced by Marathon Asset Management LLP
Marathon Asset Management LLP cut its position in Accenture Plc (NYSE:ACN) by 15.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 430,929 shares of the information technology services provider’s stock after selling 80,742 shares during the quarter. Marathon Asset Management LLP’s holdings in Accenture were worth $65,992,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in ACN. Janus Henderson Group PLC boosted its position in Accenture by 2,531.4% in the second quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock valued at $311,760,000 after buying an additional 2,424,888 shares in the last quarter. Capital International Investors boosted its position in Accenture by 89.1% in the third quarter. Capital International Investors now owns 4,670,977 shares of the information technology services provider’s stock valued at $630,909,000 after buying an additional 2,200,243 shares in the last quarter. BT Investment Management Ltd acquired a new position in Accenture in the second quarter valued at about $220,158,000. BlackRock Inc. boosted its position in Accenture by 3.0% in the second quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock valued at $5,028,772,000 after buying an additional 1,196,578 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Accenture by 2.3% in the second quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock valued at $5,994,531,000 after buying an additional 1,088,676 shares in the last quarter. Hedge funds and other institutional investors own 75.28% of the company’s stock.
Accenture Plc (ACN) traded up $2.38 on Wednesday, hitting $160.34. 966,428 shares of the company were exchanged, compared to its average volume of 2,266,330. The company has a market capitalization of $102,600.00, a P/E ratio of 28.43, a price-to-earnings-growth ratio of 2.41 and a beta of 1.08. Accenture Plc has a twelve month low of $112.31 and a twelve month high of $160.63.
Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.12. The business had revenue of $9.52 billion during the quarter, compared to the consensus estimate of $9.25 billion. Accenture had a net margin of 9.43% and a return on equity of 41.79%. Accenture’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.58 earnings per share. equities research analysts expect that Accenture Plc will post 6.64 EPS for the current year.
A number of equities analysts have commented on ACN shares. Robert W. Baird restated a “hold” rating and issued a $155.00 price target on shares of Accenture in a research report on Thursday, December 7th. Royal Bank of Canada boosted their price target on shares of Accenture from $145.00 to $148.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. Pivotal Research set a $180.00 price target on shares of Accenture and gave the company a “buy” rating in a research report on Wednesday, January 3rd. KeyCorp reaffirmed a “buy” rating and issued a $149.00 target price on shares of Accenture in a research note on Thursday, September 28th. Finally, Societe Generale downgraded shares of Accenture from a “buy” rating to a “hold” rating and set a $144.00 target price for the company. in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $156.57.
In related news, CEO Pierre Nanterme sold 34,232 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $152.94, for a total transaction of $5,235,442.08. Following the completion of the sale, the chief executive officer now directly owns 262,490 shares of the company’s stock, valued at $40,145,220.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider ‘T Noordende Alexander M. Van sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, January 1st. The stock was sold at an average price of $153.48, for a total transaction of $997,620.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,116 shares of company stock valued at $12,211,924. 0.21% of the stock is currently owned by insiders.
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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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