The Accenture PLC (ACN) Shares Sold by Waldron LP

The Accenture PLC (ACN) Shares Sold by Waldron LP

Waldron LP lowered its position in Accenture PLC (NYSE:ACN) by 12.5% during the third quarter, Holdings Channel reports. The fund owned 2,509 shares of the company’s stock after selling 357 shares during the period. Waldron LP’s holdings in Accenture PLC were worth $306,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cumberland Partners Ltd increased its position in Accenture PLC by 29.6% in the second quarter. Cumberland Partners Ltd now owns 56,690 shares of the company’s stock worth $6,423,000 after buying an additional 12,950 shares during the last quarter. Conning Inc. increased its position in Accenture PLC by 0.8% in the second quarter. Conning Inc. now owns 15,500 shares of the company’s stock worth $1,756,000 after buying an additional 130 shares during the last quarter. Genesee Valley Trust Co. increased its position in Accenture PLC by 2.3% in the second quarter. Genesee Valley Trust Co. now owns 26,445 shares of the company’s stock worth $2,996,000 after buying an additional 600 shares during the last quarter. First Merchants Corp increased its position in Accenture PLC by 2.7% in the second quarter. First Merchants Corp now owns 35,867 shares of the company’s stock worth $4,063,000 after buying an additional 929 shares during the last quarter. Finally, Pitcairn Co. increased its position in Accenture PLC by 1.2% in the second quarter. Pitcairn Co. now owns 2,000 shares of the company’s stock worth $227,000 after buying an additional 24 shares during the last quarter. Institutional investors and hedge funds own 76.41% of the company’s stock.

Shares of Accenture PLC (NYSE:ACN) traded down 0.07% during trading on Wednesday, hitting $115.95. The stock had a trading volume of 2,262,162 shares. Accenture PLC has a 1-year low of $91.40 and a 1-year high of $125.72. The company has a market cap of $72.19 billion, a PE ratio of 17.16 and a beta of 1.19. The firm’s 50 day moving average is $119.00 and its 200 day moving average is $116.26.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Wednesday, December 21st. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.09. Accenture PLC had a return on equity of 46.99% and a net margin of 12.34%. The business earned $8.50 billion during the quarter, compared to analyst estimates of $8.59 billion. During the same period in the prior year, the company earned $1.28 earnings per share. Accenture PLC’s revenue was up 6.3% compared to the same quarter last year. Equities research analysts anticipate that Accenture PLC will post $5.87 EPS for the current fiscal year.

A number of research firms recently issued reports on ACN. Zacks Investment Research downgraded Accenture PLC from a “buy” rating to a “hold” rating in a report on Tuesday, December 13th. Cantor Fitzgerald set a $139.00 price objective on Accenture PLC and gave the stock a “buy” rating in a report on Tuesday, December 13th. Jefferies Group increased their price objective on Accenture PLC from $111.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, October 3rd. Credit Suisse Group set a $124.00 price objective on Accenture PLC and gave the stock a “hold” rating in a report on Saturday, October 1st. Finally, BMO Capital Markets restated a “market perform” rating and issued a $125.00 price target (up from $118.00) on shares of Accenture PLC in a research note on Sunday, October 2nd. Eleven research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Accenture PLC presently has an average rating of “Buy” and an average price target of $126.31.

In other Accenture PLC news, COO Johan Deblaere sold 5,000 shares of the stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $117.64, for a total transaction of $588,200.00. Following the completion of the transaction, the chief operating officer now directly owns 132,328 shares of the company’s stock, valued at $15,567,065.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gianfranco Casati sold 18,732 shares of the stock in a transaction on Monday, October 31st. The shares were sold at an average price of $116.18, for a total value of $2,176,283.76. Following the transaction, the insider now directly owns 61,260 shares of the company’s stock, valued at $7,117,186.80. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

About Accenture PLC

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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