NEXT Financial Group Inc Sells 169 Shares of Accenture Plc (NYSE:ACN)

Share on StockTwits

NEXT Financial Group Inc reduced its stake in shares of Accenture Plc (NYSE:ACN) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,801 shares of the information technology services provider’s stock after selling 169 shares during the quarter. NEXT Financial Group Inc’s holdings in Accenture were worth $590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Farmers National Bank grew its stake in shares of Accenture by 6.2% during the second quarter. Farmers National Bank now owns 924 shares of the information technology services provider’s stock valued at $171,000 after buying an additional 54 shares during the last quarter. Pegasus Asset Management Inc. grew its stake in shares of Accenture by 0.4% during the third quarter. Pegasus Asset Management Inc. now owns 16,876 shares of the information technology services provider’s stock valued at $3,246,000 after buying an additional 60 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of Accenture by 11.0% during the third quarter. Benjamin Edwards Inc. now owns 614 shares of the information technology services provider’s stock valued at $118,000 after buying an additional 61 shares during the last quarter. Domani Wealth LLC grew its stake in shares of Accenture by 0.7% during the third quarter. Domani Wealth LLC now owns 9,836 shares of the information technology services provider’s stock valued at $1,892,000 after buying an additional 65 shares during the last quarter. Finally, Dowling & Yahnke LLC grew its stake in shares of Accenture by 0.3% during the third quarter. Dowling & Yahnke LLC now owns 19,713 shares of the information technology services provider’s stock valued at $3,792,000 after buying an additional 68 shares during the last quarter. 73.65% of the stock is currently owned by institutional investors.

In other Accenture news, CAO Richard P. Clark sold 3,533 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $209.18, for a total transaction of $739,032.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John F. Walsh sold 6,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $209.21, for a total value of $1,255,260.00. Following the sale, the insider now owns 26,344 shares of the company’s stock, valued at approximately $5,511,428.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,373 shares of company stock valued at $3,933,170. 0.10% of the stock is owned by company insiders.

Accenture stock opened at $210.68 on Friday. The business has a fifty day moving average of $207.84 and a two-hundred day moving average of $196.36. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.17. The firm has a market cap of $133.12 billion, a P/E ratio of 28.13, a P/E/G ratio of 2.59 and a beta of 1.05. Accenture Plc has a twelve month low of $148.67 and a twelve month high of $213.25.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 19th. The information technology services provider reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.10. The company had revenue of $11.36 billion during the quarter, compared to analyst estimates of $11.15 billion. Accenture had a return on equity of 33.35% and a net margin of 11.06%. Accenture’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 earnings per share. Equities analysts expect that Accenture Plc will post 7.82 earnings per share for the current year.

The business also recently announced a semi-annual dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, January 16th will be issued a dividend of $0.80 per share. The ex-dividend date is Wednesday, January 15th. This represents a yield of 1.5%. Accenture’s dividend payout ratio is currently 43.48%.

A number of research analysts have recently commented on the company. Cowen upped their target price on Accenture from $215.00 to $220.00 and gave the company an “outperform” rating in a research note on Monday, December 23rd. KeyCorp boosted their price target on Accenture from $208.00 to $219.00 and gave the company an “overweight” rating in a report on Friday, December 20th. BMO Capital Markets reiterated a “market perform” rating and issued a $220.00 price target on shares of Accenture in a report on Friday, December 20th. Stifel Nicolaus boosted their price target on Accenture from $203.00 to $220.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $228.00 price target on shares of Accenture in a report on Monday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $214.82.

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.

Featured Article: What are municipal bonds?

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture Plc (NYSE:ACN).

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.