First National Bank of Omaha boosted its holdings in shares of Accenture Plc (NYSE:ACN) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,009 shares of the information technology services provider’s stock after buying an additional 1,120 shares during the period. Accenture makes up about 0.7% of First National Bank of Omaha’s holdings, making the stock its 29th biggest position. First National Bank of Omaha’s holdings in Accenture were worth $11,942,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Eagle Ridge Investment Management acquired a new position in shares of Accenture during the 3rd quarter worth about $359,000. Atlanta Capital Management Co. L L C raised its holdings in Accenture by 4.6% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 580,977 shares of the information technology services provider’s stock valued at $78,472,000 after acquiring an additional 25,671 shares in the last quarter. Koch Industries Inc. raised its holdings in shares of Accenture by 18,227.9% in the 2nd quarter. Koch Industries Inc. now owns 329,903 shares of the information technology services provider’s stock worth $327,000 after buying an additional 328,103 shares in the last quarter. Lenox Wealth Management Inc. acquired a new position in shares of Accenture in the 2nd quarter worth approximately $1,591,000. Finally, MU Investments Co. Ltd. acquired a new position in shares of Accenture in the 4th quarter worth approximately $5,654,000. Hedge funds and other institutional investors own 75.63% of the company’s stock.
ACN has been the topic of a number of recent research reports. KeyCorp increased their price objective on Accenture from $157.00 to $172.00 and gave the company an “overweight” rating in a research report on Saturday, December 30th. SunTrust Banks reaffirmed a “hold” rating and set a $164.00 price objective on shares of Accenture in a research note on Thursday, December 21st. Barclays lifted their price target on Accenture from $135.00 to $152.00 and gave the company an “equal weight” rating in a research note on Friday, December 22nd. Cowen reissued a “buy” rating and issued a $166.00 price target on shares of Accenture in a research note on Friday, December 22nd. Finally, Susquehanna Bancshares reissued a “hold” rating and issued a $145.00 price target on shares of Accenture in a research note on Tuesday, December 26th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $156.57.
Shares of Accenture Plc (ACN) opened at $156.84 on Wednesday. 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 $98,436.33, a P/E ratio of 27.76, a PEG ratio of 2.33 and a beta of 1.05.
Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, beating 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 company had revenue of $9.52 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the previous year, the business earned $1.58 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. equities research analysts expect that Accenture Plc will post 6.65 EPS for the current fiscal year.
In other Accenture news, CAO Richard P. Clark sold 1,433 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $158.37, for a total transaction 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 $1,414,560.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gianfranco Casati sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $152.92, for a total transaction of $764,600.00. Following the transaction, the insider now owns 46,202 shares of the company’s stock, valued at $7,065,209.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 117,249 shares of company stock valued at $18,106,228. Company insiders own 0.21% of the company’s stock.
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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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