Acadian Asset Management LLC grew its stake in Accenture Plc (NYSE:ACN) by 154.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,804 shares of the information technology services provider’s stock after purchasing an additional 49,007 shares during the quarter. Acadian Asset Management LLC’s holdings in Accenture were worth $12,371,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the company. Jacobi Capital Management LLC raised its stake in Accenture by 104.8% during the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after acquiring an additional 372 shares during the period. TCI Wealth Advisors Inc. increased its stake in shares of Accenture by 23.4% in the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 162 shares during the period. Manchester Capital Management LLC increased its stake in shares of Accenture by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Accenture in the second quarter valued at approximately $129,000. Finally, Monroe Bank & Trust MI increased its stake in shares of Accenture by 37.3% in the second quarter. Monroe Bank & Trust MI now owns 1,288 shares of the information technology services provider’s stock valued at $159,000 after purchasing an additional 350 shares during the period. Institutional investors and hedge funds own 75.63% of the company’s stock.
In other Accenture news, insider Richard Lumb sold 2,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $155.34, for a total value of $310,680.00. Following the completion of the sale, the insider now owns 121,041 shares in the company, valued at approximately $18,802,508.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Johan Deblaere sold 55,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $154.24, for a total transaction of $8,483,200.00. Following the completion of the sale, the chief operating officer now owns 112,208 shares of the company’s stock, valued at approximately $17,306,961.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,249 shares of company stock valued at $18,106,228. Insiders own 0.21% of the company’s stock.
Accenture Plc (NYSE:ACN) traded up $2.95 during trading on Wednesday, reaching $159.79. 2,488,848 shares of the company were exchanged, compared to its average volume of 2,260,000. Accenture Plc has a 1 year low of $114.82 and a 1 year high of $162.60. The firm has a market cap of $102,440.00, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05.
Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.12. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The firm had revenue of $9.52 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter last year, the business posted $1.58 EPS. The company’s revenue was up 11.8% on a year-over-year basis. research analysts expect that Accenture Plc will post 6.65 earnings per share for the current year.
Several equities research analysts have commented on ACN shares. Cowen set a $150.00 price target on shares of Accenture and gave the company a “buy” rating in a research note on Monday, October 23rd. Susquehanna Bancshares restated a “hold” rating and issued a $145.00 price target on shares of Accenture in a research note on Tuesday, December 26th. Pivotal Research set a $180.00 price target on shares of Accenture and gave the company a “buy” rating in a research note on Thursday, December 28th. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Tuesday, November 28th. Finally, Bank of America raised their price target on shares of Accenture from $150.00 to $171.00 in a research note on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. Accenture presently has an average rating of “Hold” and an average price target of $156.57.
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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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