St. Johns Investment Management Company LLC Has $1.32 Million Holdings in Accenture Plc (ACN)

St. Johns Investment Management Company LLC trimmed its stake in Accenture Plc (NYSE:ACN) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,629 shares of the information technology services provider’s stock after selling 1,183 shares during the period. Accenture comprises about 1.0% of St. Johns Investment Management Company LLC’s investment portfolio, making the stock its 29th largest position. St. Johns Investment Management Company LLC’s holdings in Accenture were worth $1,321,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in the business. Flagship Harbor Advisors LLC grew its position in Accenture by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock valued at $362,000 after acquiring an additional 12 shares during the period. AlphaMark Advisors LLC boosted its stake in Accenture by 0.9% in the second quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock worth $287,000 after purchasing an additional 20 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its stake in Accenture by 1.4% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock worth $223,000 after purchasing an additional 24 shares in the last quarter. Manchester Capital Management LLC boosted its stake in Accenture by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 60 shares in the last quarter. Finally, MAI Capital Management boosted its stake in Accenture by 0.6% in the second quarter. MAI Capital Management now owns 14,744 shares of the information technology services provider’s stock worth $1,824,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 75.28% of the company’s stock.

In other Accenture news, insider Richard P. Clark sold 1,754 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $158.39, for a total value of $277,816.06. Following the transaction, the insider now owns 10,543 shares of the company’s stock, valued at $1,669,905.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Richard P. Clark sold 1,433 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $158.37, for a total value of $226,944.21. Following the completion of the transaction, the chief accounting officer now directly owns 8,932 shares in the company, valued at approximately $1,414,560.84. The disclosure for this sale can be found here. Insiders sold 82,116 shares of company stock worth $12,211,924 in the last three months. Insiders own 0.21% of the company’s stock.

A number of research firms have commented on ACN. KeyCorp boosted their price objective on Accenture from $157.00 to $172.00 and gave the stock an “overweight” rating in a research note on Saturday, December 30th. SunTrust Banks reissued a “hold” rating and issued a $164.00 price objective on shares of Accenture in a research note on Thursday, December 21st. Barclays boosted their price objective on Accenture from $135.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Friday, December 22nd. Cowen reissued a “buy” rating and issued a $166.00 price objective on shares of Accenture in a research note on Friday, December 22nd. Finally, Zacks Investment Research lowered Accenture from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. Accenture currently has an average rating of “Hold” and a consensus target price of $156.57.

Accenture Plc (NYSE:ACN) opened at $157.96 on Wednesday. Accenture Plc has a one year low of $112.31 and a one year high of $160.63. The firm has a market capitalization of $101,714.37, a PE ratio of 27.96, a price-to-earnings-growth ratio of 2.41 and a beta of 1.08.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The firm had revenue of $9.52 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the prior year, the firm posted $1.58 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. equities research analysts anticipate that Accenture Plc will post 6.64 earnings per share for the current fiscal year.

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About Accenture

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.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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