Moody National Bank Trust Division Sells 1,009 Shares of Accenture plc (NYSE:ACN)

Moody National Bank Trust Division decreased its holdings in shares of Accenture plc (NYSE:ACNGet Rating) by 15.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,390 shares of the information technology services provider’s stock after selling 1,009 shares during the quarter. Moody National Bank Trust Division’s holdings in Accenture were worth $1,818,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ACN. Patriot Financial Group Insurance Agency LLC boosted its holdings in Accenture by 4.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 662 shares of the information technology services provider’s stock worth $212,000 after buying an additional 28 shares during the last quarter. National Asset Management Inc. boosted its holdings in Accenture by 0.3% in the 4th quarter. National Asset Management Inc. now owns 12,367 shares of the information technology services provider’s stock worth $4,509,000 after buying an additional 31 shares during the last quarter. Klingman & Associates LLC boosted its holdings in Accenture by 3.3% in the 4th quarter. Klingman & Associates LLC now owns 1,006 shares of the information technology services provider’s stock worth $417,000 after buying an additional 32 shares during the last quarter. Venture Visionary Partners LLC boosted its holdings in Accenture by 0.3% in the 4th quarter. Venture Visionary Partners LLC now owns 11,105 shares of the information technology services provider’s stock worth $4,603,000 after buying an additional 32 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in Accenture by 1.5% in the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 2,177 shares of the information technology services provider’s stock worth $903,000 after buying an additional 33 shares during the last quarter. 74.46% of the stock is currently owned by hedge funds and other institutional investors.

ACN has been the topic of several research analyst reports. The Goldman Sachs Group lowered their price objective on Accenture from $446.00 to $386.00 and set a “neutral” rating on the stock in a report on Tuesday, March 15th. Robert W. Baird decreased their target price on shares of Accenture from $378.00 to $340.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 14th. Morgan Stanley decreased their target price on shares of Accenture from $480.00 to $390.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 14th. Cowen decreased their target price on shares of Accenture from $375.00 to $330.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 15th. Finally, Bank of America decreased their target price on shares of Accenture from $443.00 to $374.00 and set a “buy” rating on the stock in a research note on Friday, June 17th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, Accenture has an average rating of “Moderate Buy” and an average target price of $375.85.

Shares of NYSE ACN opened at $286.40 on Thursday. The firm has a market cap of $181.55 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 2.62 and a beta of 1.24. Accenture plc has a 52-week low of $268.17 and a 52-week high of $417.37. The business’s 50 day moving average is $295.63 and its two-hundred day moving average is $330.28.

In other Accenture news, insider Ellyn Shook sold 750 shares of the business’s stock in a transaction on Monday, April 25th. The shares were sold at an average price of $310.55, for a total value of $232,912.50. Following the completion of the transaction, the insider now owns 21,846 shares in the company, valued at $6,784,275.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Joel Unruch sold 470 shares of the business’s stock in a transaction on Monday, April 18th. The stock was sold at an average price of $315.06, for a total transaction of $148,078.20. Following the completion of the transaction, the general counsel now owns 26,427 shares of the company’s stock, valued at approximately $8,326,090.62. The disclosure for this sale can be found here. In the last three months, insiders sold 10,757 shares of company stock worth $3,386,681. 0.07% of the stock is owned by corporate insiders.

Accenture Profile (Get Rating)

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

Further Reading

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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