Neumann Capital Management LLC Sells 500 Shares of Accenture Plc (ACN)

Neumann Capital Management LLC reduced its position in shares of Accenture Plc (NYSE:ACN) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,385 shares of the information technology services provider’s stock after selling 500 shares during the quarter. Neumann Capital Management LLC’s holdings in Accenture were worth $1,594,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Foster & Motley Inc. grew its stake in shares of Accenture by 0.8% during the 4th quarter. Foster & Motley Inc. now owns 39,904 shares of the information technology services provider’s stock valued at $6,109,000 after acquiring an additional 318 shares during the period. Park Avenue Securities LLC boosted its stake in Accenture by 11.2% in the 4th quarter. Park Avenue Securities LLC now owns 3,251 shares of the information technology services provider’s stock worth $500,000 after purchasing an additional 327 shares during the period. Capital Analysts LLC boosted its stake in Accenture by 4.9% in the 4th quarter. Capital Analysts LLC now owns 7,937 shares of the information technology services provider’s stock worth $1,215,000 after purchasing an additional 368 shares during the period. D.A. Davidson & CO. boosted its stake in Accenture by 4.3% in the 4th quarter. D.A. Davidson & CO. now owns 9,219 shares of the information technology services provider’s stock worth $1,411,000 after purchasing an additional 383 shares during the period. Finally, Sather Financial Group Inc boosted its stake in Accenture by 0.9% in the 1st quarter. Sather Financial Group Inc now owns 43,811 shares of the information technology services provider’s stock worth $6,725,000 after purchasing an additional 392 shares during the period. Institutional investors and hedge funds own 73.99% of the company’s stock.

Several research firms have weighed in on ACN. Pivotal Research set a $180.00 price target on Accenture and gave the stock a “buy” rating in a research note on Friday, May 11th. Wedbush restated an “outperform” rating and issued a $180.00 price target (up from $165.00) on shares of Accenture in a research note on Tuesday, March 20th. Robert W. Baird upped their price target on Accenture from $162.00 to $165.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 20th. Cantor Fitzgerald restated a “buy” rating and issued a $180.00 price target on shares of Accenture in a research note on Wednesday, April 25th. Finally, ValuEngine upgraded Accenture from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $161.20.

NYSE:ACN opened at $156.94 on Tuesday. Accenture Plc has a fifty-two week low of $119.10 and a fifty-two week high of $165.58. The firm has a market cap of $98.67 billion, a P/E ratio of 26.55, a P/E/G ratio of 2.32 and a beta of 1.03.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, March 22nd. The information technology services provider reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.09. Accenture had a return on equity of 41.50% and a net margin of 9.18%. The company had revenue of $9.59 billion for the quarter, compared to analyst estimates of $9.31 billion. During the same quarter in the prior year, the firm posted $1.33 EPS. Accenture’s quarterly revenue was up 15.2% compared to the same quarter last year. equities analysts forecast that Accenture Plc will post 6.69 earnings per share for the current fiscal year.

In other Accenture news, insider Richard Lumb sold 2,000 shares of the company’s stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $156.10, for a total value of $312,200.00. Following the transaction, the insider now owns 120,025 shares of the company’s stock, valued at approximately $18,735,902.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Pierre Nanterme sold 36,858 shares of the company’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $150.80, for a total value of $5,558,186.40. Following the completion of the transaction, the chief executive officer now directly owns 357,405 shares in the company, valued at approximately $53,896,674. The disclosure for this sale can be found here. Insiders have sold a total of 53,828 shares of company stock worth $8,145,630 in the last 90 days. 0.21% of the stock is currently owned by insiders.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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