The New Wave of Institutional Money Enter Accenture plc (ACN)

Accenture plc (NYSE:ACN) produced a -1.75% rally since recording the worst price of $146.05. Thanks to the latest -4.94% decrease, it now trades at $143.5. Throughout the trading on 12/20/2018, the share price floated between $139.49 and $147.2. This company shares are 28.06% off its target price of $183.76 and the current market capitalization stands at $98.4B. The recent change has given its price a -9.85% deficit over SMA 50 and -18.3% deficit over its 52-week high. The stock witnessed -11.84% declines, -17.59% declines and -10.33% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ACN’s volatility during a week at 3.37% and during a month it has been found around 2.3%.

Accenture plc (ACN) Top Holders

Institutional investors currently hold around $72.34 billion or 73.7% in ACN stock. Look at its top three institutional owners. Vanguard Group Inc owns $8.04 billion in Accenture plc, which represents roughly 8.17% of the company’s market cap and approximately 11.11% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 42,556,497 shares of the stock are valued at $6.42 billion. The third largest holder is Massachusetts Financial Services Co /Ma/, which currently holds $5.42 billion worth of this stock and that ownership represents nearly 5.51% of its market capitalization.

Accenture plc 13F Filings

At the end of September reporting period, 561 institutional holders increased their position in Accenture plc (NYSE:ACN) by some 18,912,967 shares, 593 decreased positions by 25,914,642 and 237 held positions by 434,385,041. That puts total institutional holdings at 479,212,650 shares, according to SEC filings. The stock grabbed 94 new institutional investments totaling 4,012,037 shares while 67 institutional investors sold out their entire positions totaling 1,256,128 shares.

Accenture plc (NYSE:ACN) Insider Trades

Multiple company employees have indulged in significant insider trading. Accenture plc disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Group Chief Executive-Fin Serv Lumb Richard has sold 2,000 shares of Accenture plc (ACN) in trading session dated Nov. 12, 2018. These shares are worth $327,020 and were traded at $163.51 each. The SEC filing shows that Shook Ellyn performed a sale of 2,344 shares. The Chief Leadership & HR Officer disposed these shares by way of transaction on Nov. 07, 2018. The company’s shares were given away at $160 per share worth to an income of some $375,040 on account of Shook Ellyn.

Group Chief Exec-Growth Mkts, Casati Gianfranco, sold 18,258 common shares of Accenture plc (ACN) in the open market. In a transaction dated Nov. 01, 2018, the shares were put up for sale at an average price of $158.19, raking in a sum of $2,888,233. After this sale, 46,014 common shares of ACN are directly owned by the insider, with total stake valued at $6,603,009.

In the transaction dated Oct. 26, 2018, the great number of shares disposed came courtesy the Group Chief Exec – Health & PS; London Daniel T disposed a total of 6,051 shares at an average price of $154.6, amounting to approximately $935,485. The insider now directly owns 25,912 shares worth $3,718,372.

Accenture plc (ACN) Analyst Guide

Several analysts have released their opinion on Accenture plc (NYSE:ACN), with 8 analysts believing it is a strong buy. Whereas 8 of them predict the stock is a hold. Also, there are 9 buy, 1 sell and 1 strong sell ratings, collectively assigning a 2.19 average brokerage recommendation.