TRUE Private Wealth Advisors Purchases New Holdings in Accenture Plc (ACN)

TRUE Private Wealth Advisors purchased a new stake in Accenture Plc (NYSE:ACN) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 5,049 shares of the information technology services provider’s stock, valued at approximately $772,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Accenture by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after buying an additional 1,088,676 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Accenture by 3.0% in the 2nd quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock worth $5,028,772,000 after buying an additional 1,196,578 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Accenture by 2.2% in the 2nd quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock worth $3,525,083,000 after buying an additional 605,156 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Accenture by 0.8% in the 2nd quarter. Northern Trust Corp now owns 9,476,570 shares of the information technology services provider’s stock worth $1,172,063,000 after buying an additional 70,740 shares during the last quarter. Finally, Independent Franchise Partners LLP increased its holdings in shares of Accenture by 3.7% in the 3rd quarter. Independent Franchise Partners LLP now owns 6,293,362 shares of the information technology services provider’s stock worth $850,044,000 after buying an additional 222,828 shares during the last quarter. Institutional investors own 75.28% of the company’s stock.

ACN has been the topic of a number of research reports. Robert W. Baird restated a “hold” rating and issued a $155.00 target price on shares of Accenture in a report on Thursday, December 7th. Royal Bank of Canada boosted their target price on shares of Accenture from $145.00 to $148.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. Pivotal Research set a $180.00 target price on shares of Accenture and gave the stock a “buy” rating in a report on Wednesday, January 3rd. KeyCorp restated a “buy” rating and issued a $149.00 target price on shares of Accenture in a report on Thursday, September 28th. Finally, Societe Generale downgraded shares of Accenture from a “buy” rating to a “hold” rating and set a $144.00 target price on the stock. in a report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $156.57.

Accenture Plc (NYSE:ACN) opened at $161.75 on Friday. The company has a market cap of $103,700.00, a PE ratio of 28.68, a P/E/G ratio of 2.41 and a beta of 1.08. Accenture Plc has a fifty-two week low of $112.31 and a fifty-two week high of $162.50.

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

In other Accenture news, insider Daniel T. London sold 3,087 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $140.05, for a total value of $432,334.35. Following the completion of the sale, the insider now directly owns 21,241 shares of the company’s stock, valued at approximately $2,974,802.05. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Ellyn Shook sold 4,375 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $139.81, for a total transaction of $611,668.75. Following the completion of the sale, the insider now directly owns 33,081 shares of the company’s stock, valued at $4,625,054.61. The disclosure for this sale can be found here. Insiders have sold a total of 86,291 shares of company stock worth $12,923,574 over the last quarter. 0.21% of the stock is currently owned by insiders.

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Accenture Profile

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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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