Kentucky Retirement Systems Sells 237 Shares of Accenture plc (NYSE:ACN)

Kentucky Retirement Systems lowered its position in Accenture plc (NYSE:ACN – Free Report) by 0.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 47,379 shares of the information technology services provider’s stock after selling 237 shares during the period. Kentucky Retirement Systems’ holdings in Accenture were worth $14,375,000 at the end of the most recent quarter.

Other hedge funds have added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Accenture by 1.1% in the first quarter. Vanguard Group Inc. now owns 59,718,732 shares of the information technology services provider’s stock valued at $20,699,110,000 after purchasing an additional 635,349 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Accenture by 1.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 10,912,962 shares of the information technology services provider’s stock worth $3,311,102,000 after purchasing an additional 131,544 shares during the period. Capital Research Global Investors boosted its holdings in Accenture by 2.0% in the first quarter. Capital Research Global Investors now owns 8,652,537 shares of the information technology services provider’s stock worth $2,999,056,000 after purchasing an additional 173,107 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Accenture by 4.1% in the first quarter. Lazard Asset Management LLC now owns 3,797,028 shares of the information technology services provider’s stock valued at $1,316,086,000 after buying an additional 148,738 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Accenture by 6.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,044,810 shares of the information technology services provider’s stock worth $1,055,362,000 after buying an additional 178,003 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s shares.

Indoor activity

In related news, CFO Kathleen R. Mcclure sold 3,000 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $309.22, for a total transaction of $927,660.00. Following the transaction, the chief financial officer now directly owns 40,070 shares of the company’s stock, valued at $12,390,445.40. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. In other Accenture news, CFO Kathleen R. McClure sold 1,500 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $315.00, for a total transaction of $472,500.00. Following the transaction, the chief financial officer now owns 38,570 shares in the company, valued at approximately $12,149,550. The transaction was disclosed in a filing with the SEC, which is available via this hyperlink. Also, CFO Kathleen R. Mcclure sold 3,000 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $309.22, for a total value of $927,660.00. Following the sale, the chief financial officer now owns 40,070 shares of the company’s stock, valued at $12,390,445.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,421 shares of company stock worth $6,912,635. 0.07% of shares are owned by company insiders.

Accenture stock fell 0.3%

Shares of NYSE:ACN opened at $336.17 on Thursday. Accenture plc has a 12-month low of $278.69 and a 12-month high of $387.51. The company has a 50-day moving average of $330.75 and a 200-day moving average of $322.68. The stock has a market cap of $210.68 billion, a PE ratio of 30.78, a P/E/G ratio of 3.82 and a beta of 1.24.

Accenture (NYSE:ACN – Get Your Free Report ) last issued its quarterly earnings data on Thursday, June 20th. The information technology services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). Accenture had a net margin of 10.79% and a return on equity of 27.48%. The firm had revenue of $16.47 billion during the quarter, compared to analyst estimates of $16.55 billion. In the same period last year, the company earned $3.19 per share. The company’s quarterly revenue was down 0.6% compared to the same quarter last year. equities research analysts expect that Accenture plc will post 11.95 earnings per share for the current year.

Analysts on Wall Street are forecasting an increase

A number of brokerages recently issued reports on ACN. Mizuho lifted their price target on Accenture from $352.00 to $365.00 and gave the company an “outperform” rating in a research report on Wednesday. Citigroup boosted their price objective on shares of Accenture from $350.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday. Bank of America cut their price target on shares of Accenture from $419.00 to $365.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. TD Cowen boosted their price objective on shares of Accenture from $293.00 to $321.00 and gave the stock a “hold” rating in a research note on Thursday, September 12th. Finally, Stifel Nicolaus cut their price target on Accenture from $395.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday, June 12th. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $355.59.

See the latest stock report on ACN

Accenture Company Profile

(Free report)

Accenture plc, a professional services company, provides strategy and consulting, industry X, song, technology and operations services worldwide. The company provides application services including agile transformation, DevOps, application modernization, enterprise architecture, software engineering and quality, data management; intelligent automation including robotic process automation, natural language processing and virtual agents; and application management services, as well as software engineering services; strategy and consulting services; data and analytics strategy, data discovery and augmentation, data management and beyond, data democratization and industrialized solutions comprising turnkey analytics and artificial intelligence (AI); metaverse; and sustainability services.

Further reading

Want to see what other hedge funds ACN owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture plc (NYSE:ACN – Free Report).

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