Sheets Smith Wealth Management Has $2.61 Million Position in Accenture Plc (ACN)

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Sheets Smith Wealth Management boosted its stake in shares of Accenture Plc (NYSE:ACN) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,537 shares of the information technology services provider’s stock after buying an additional 300 shares during the quarter. Sheets Smith Wealth Management’s holdings in Accenture were worth $2,614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Accenture by 1.5% in the third quarter. Vanguard Group Inc. now owns 53,259,800 shares of the information technology services provider’s stock valued at $9,064,818,000 after purchasing an additional 770,904 shares during the last quarter. Vanguard Group Inc grew its position in shares of Accenture by 1.5% in the third quarter. Vanguard Group Inc now owns 53,259,800 shares of the information technology services provider’s stock valued at $9,064,818,000 after purchasing an additional 770,904 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Accenture by 115,500.5% in the third quarter. Bank of New York Mellon Corp now owns 10,222,554 shares of the information technology services provider’s stock valued at $1,739,880,000 after purchasing an additional 10,213,711 shares during the last quarter. Northern Trust Corp grew its position in shares of Accenture by 2.6% in the second quarter. Northern Trust Corp now owns 9,808,588 shares of the information technology services provider’s stock valued at $1,604,587,000 after purchasing an additional 246,828 shares during the last quarter. Finally, WCM Investment Management CA grew its position in shares of Accenture by 3.7% in the third quarter. WCM Investment Management CA now owns 5,905,897 shares of the information technology services provider’s stock valued at $1,005,184,000 after purchasing an additional 212,432 shares during the last quarter. Institutional investors own 70.46% of the company’s stock.

In other news, CEO Pierre Nanterme sold 37,846 shares of the firm’s stock in a transaction on Monday, December 24th. The shares were sold at an average price of $135.16, for a total value of $5,115,265.36. Following the transaction, the chief executive officer now owns 368,212 shares of the company’s stock, valued at approximately $49,767,533.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel T. London sold 3,610 shares of the firm’s stock in a transaction on Monday, January 7th. The shares were sold at an average price of $141.45, for a total transaction of $510,634.50. Following the completion of the transaction, the insider now directly owns 32,411 shares in the company, valued at approximately $4,584,535.95. The disclosure for this sale can be found here. In the last three months, insiders sold 91,152 shares of company stock worth $13,318,994. Insiders own 0.18% of the company’s stock.

NYSE:ACN traded down $0.88 during trading hours on Friday, reaching $146.14. 99,224 shares of the company were exchanged, compared to its average volume of 2,568,607. The company has a market cap of $96.89 billion, a P/E ratio of 21.68, a P/E/G ratio of 1.96 and a beta of 1.10. Accenture Plc has a 52-week low of $132.63 and a 52-week high of $175.64.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, December 20th. The information technology services provider reported $1.96 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $10.54 billion. During the same quarter last year, the firm posted $1.79 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts anticipate that Accenture Plc will post 7.2 earnings per share for the current year.

ACN has been the topic of several research reports. UBS Group set a $180.00 price target on shares of Accenture and gave the company a “hold” rating in a research report on Wednesday, September 26th. Zacks Investment Research raised shares of Accenture from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Citigroup upped their price objective on shares of Accenture from $163.00 to $172.00 and gave the company a “neutral” rating in a research note on Tuesday, September 18th. Argus upped their price objective on shares of Accenture to $200.00 and gave the company a “positive” rating in a research note on Friday, September 28th. They noted that the move was a valuation call. Finally, Berenberg Bank raised shares of Accenture to a “buy” rating and set a $190.00 price objective on the stock in a research note on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $173.55.

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Accenture 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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