NumerixS Investment Technologies Inc Decreases Stake in Accenture Plc (NYSE:ACN)

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NumerixS Investment Technologies Inc reduced its position in Accenture Plc (NYSE:ACN) by 93.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,200 shares of the information technology services provider’s stock after selling 17,800 shares during the period. NumerixS Investment Technologies Inc’s holdings in Accenture were worth $222,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its position in Accenture by 4.6% during the first quarter. Victory Capital Management Inc. now owns 33,993 shares of the information technology services provider’s stock valued at $5,983,000 after purchasing an additional 1,499 shares during the period. AllSquare Wealth Management LLC raised its position in Accenture by 221.5% during the first quarter. AllSquare Wealth Management LLC now owns 389 shares of the information technology services provider’s stock valued at $68,000 after purchasing an additional 268 shares during the period. Stratos Wealth Partners LTD. raised its position in Accenture by 3.5% during the first quarter. Stratos Wealth Partners LTD. now owns 41,267 shares of the information technology services provider’s stock valued at $7,264,000 after purchasing an additional 1,408 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Accenture by 7.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,267 shares of the information technology services provider’s stock valued at $6,560,000 after purchasing an additional 2,492 shares during the period. Finally, Cordatus Wealth Management LLC raised its position in Accenture by 14.5% during the first quarter. Cordatus Wealth Management LLC now owns 3,785 shares of the information technology services provider’s stock valued at $666,000 after purchasing an additional 479 shares during the period. Institutional investors own 69.84% of the company’s stock.

In related news, General Counsel Chad T. Jerdee sold 3,247 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $186.34, for a total value of $605,045.98. Following the transaction, the general counsel now owns 13,271 shares of the company’s stock, valued at $2,472,918.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David Rowland sold 2,255 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $194.03, for a total value of $437,537.65. Following the completion of the transaction, the chief executive officer now directly owns 25,078 shares in the company, valued at approximately $4,865,884.34. The disclosure for this sale can be found here. In the last three months, insiders sold 22,760 shares of company stock worth $4,353,328. 0.18% of the stock is owned by insiders.

A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded Accenture from a “hold” rating to a “sell” rating and set a $214.00 price objective on the stock. in a research report on Monday, September 9th. Credit Suisse Group set a $180.00 price objective on Accenture and gave the company a “hold” rating in a research report on Friday, June 28th. Wells Fargo & Co upped their price objective on Accenture from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Deutsche Bank upped their price objective on Accenture from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, BMO Capital Markets upped their price objective on Accenture from $185.00 to $195.00 and gave the company a “positive” rating in a research report on Friday, June 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Accenture has an average rating of “Buy” and a consensus price target of $197.25.

Shares of ACN traded up $1.27 during mid-day trading on Thursday, reaching $195.40. 42,034 shares of the company’s stock traded hands, compared to its average volume of 1,768,891. The stock has a market cap of $130.45 billion, a P/E ratio of 28.99, a P/E/G ratio of 2.36 and a beta of 1.04. The stock’s 50-day moving average is $194.27 and its two-hundred day moving average is $183.25. Accenture Plc has a 12 month low of $132.63 and a 12 month high of $202.80.

Accenture (NYSE:ACN) last released its earnings results on Thursday, June 27th. The information technology services provider reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. Accenture had a return on equity of 36.24% and a net margin of 10.93%. The firm had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $11.03 billion. During the same quarter in the prior year, the firm posted $1.79 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, equities research analysts forecast that Accenture Plc will post 7.33 EPS for the current year.

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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