Cornerstone Capital Management Holdings LLC. trimmed its stake in Accenture Plc (NYSE:ACN) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 605,155 shares of the information technology services provider’s stock after selling 8,715 shares during the quarter. Accenture makes up 0.6% of Cornerstone Capital Management Holdings LLC.’s holdings, making the stock its 21st largest holding. Cornerstone Capital Management Holdings LLC. owned about 0.10% of Accenture worth $92,641,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of ACN. Jacobi Capital Management LLC grew its holdings in shares of Accenture by 104.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 372 shares during the last quarter. Virtue Capital Management LLC purchased a new position in shares of Accenture during the fourth quarter valued at $128,000. Aevitas Wealth Management Inc. purchased a new position in shares of Accenture during the fourth quarter valued at $131,000. Santori & Peters Inc. purchased a new position in shares of Accenture during the fourth quarter valued at $181,000. Finally, Americafirst Capital Management LLC purchased a new position in shares of Accenture during the third quarter valued at $187,000. Institutional investors and hedge funds own 75.58% of the company’s stock.
In other Accenture news, insider Richard Lumb sold 2,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $155.34, for a total value of $310,680.00. Following the completion of the sale, the insider now owns 121,041 shares of the company’s stock, valued at $18,802,508.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Johan Deblaere sold 55,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $154.24, for a total value of $8,483,200.00. Following the completion of the sale, the chief operating officer now directly owns 112,208 shares of the company’s stock, valued at approximately $17,306,961.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,249 shares of company stock valued at $18,106,228. Insiders own 0.21% of the company’s stock.
Shares of Accenture Plc (NYSE ACN) opened at $161.69 on Tuesday. The stock has a market capitalization of $102,603.75, a price-to-earnings ratio of 26.39, a P/E/G ratio of 2.43 and a beta of 1.01. Accenture Plc has a 12-month low of $114.82 and a 12-month high of $165.58.
Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.12. The firm had revenue of $9.52 billion during the quarter, compared to analysts’ expectations of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.58 earnings per share. equities research analysts anticipate that Accenture Plc will post 6.65 earnings per share for the current fiscal year.
Accenture Company Profile
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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