Haverford Trust Co. Purchases 2,122 Shares of Accenture Plc (ACN)

Haverford Trust Co. increased its position in shares of Accenture Plc (NYSE:ACN) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 791,003 shares of the information technology services provider’s stock after acquiring an additional 2,122 shares during the period. Accenture comprises approximately 2.4% of Haverford Trust Co.’s portfolio, making the stock its 12th biggest holding. Haverford Trust Co.’s holdings in Accenture were worth $111,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in ACN. Focused Wealth Management Inc raised its holdings in Accenture by 100.0% during the fourth quarter. Focused Wealth Management Inc now owns 200 shares of the information technology services provider’s stock valued at $28,000 after buying an additional 100 shares in the last quarter. Quantamental Technologies LLC bought a new position in Accenture during the fourth quarter valued at about $42,000. Hanson McClain Inc. raised its holdings in Accenture by 28.4% during the fourth quarter. Hanson McClain Inc. now owns 339 shares of the information technology services provider’s stock valued at $48,000 after buying an additional 75 shares in the last quarter. WealthTrust Arizona LLC raised its holdings in Accenture by 25.1% during the fourth quarter. WealthTrust Arizona LLC now owns 359 shares of the information technology services provider’s stock valued at $51,000 after buying an additional 72 shares in the last quarter. Finally, We Are One Seven LLC bought a new position in Accenture during the fourth quarter valued at about $56,000. Institutional investors and hedge funds own 70.19% of the company’s stock.

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In other news, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $155.88, for a total value of $311,760.00. Following the completion of the transaction, the insider now owns 131,024 shares in the company, valued at $20,424,021.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Pierre Nanterme sold 37,846 shares of Accenture stock in a transaction that occurred on Monday, December 24th. The shares were sold at an average price of $135.16, for a total transaction of $5,115,265.36. Following the completion of the transaction, the chief executive officer now owns 368,212 shares of the company’s stock, valued at approximately $49,767,533.92. The disclosure for this sale can be found here. Insiders sold 61,033 shares of company stock valued at $8,466,177 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

NYSE ACN opened at $161.69 on Monday. The company has a market cap of $107.40 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 2.17 and a beta of 1.10. Accenture Plc has a 1-year low of $132.63 and a 1-year high of $175.64.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 20th. The information technology services provider reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. The company had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $10.54 billion. Accenture had a return on equity of 40.31% and a net margin of 9.99%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.79 earnings per share. Equities research analysts predict that Accenture Plc will post 7.2 EPS for the current fiscal year.

Several equities analysts have weighed in on ACN shares. Citigroup cut their target price on Accenture from $172.00 to $161.00 and set a “neutral” rating on the stock in a report on Wednesday, December 19th. Wells Fargo & Co set a $165.00 target price on Accenture and gave the company a “buy” rating in a report on Thursday, December 20th. ValuEngine downgraded Accenture from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Robert W. Baird lowered their price target on Accenture from $176.00 to $156.00 and set a “neutral” rating on the stock in a research report on Friday, December 21st. Finally, KeyCorp lowered their price target on Accenture from $186.00 to $182.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company. Accenture currently has a consensus rating of “Buy” and a consensus target price of $173.84.

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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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