Allegis Investment Advisors LLC boosted its stake in Accenture Plc (NYSE:ACN) by 19.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,389 shares of the information technology services provider’s stock after purchasing an additional 2,369 shares during the period. Allegis Investment Advisors LLC’s holdings in Accenture were worth $2,203,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Jacobi Capital Management LLC boosted its position 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 valued at $100,000 after acquiring an additional 372 shares during the last quarter. TCI Wealth Advisors Inc. boosted its position in Accenture by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after acquiring an additional 162 shares during the last quarter. Captrust Financial Advisors bought a new stake in Accenture during the second quarter valued at $129,000. Calton & Associates Inc. bought a new stake in Accenture during the fourth quarter valued at $209,000. Finally, Capital Investment Advisors LLC bought a new stake in Accenture during the fourth quarter valued at $201,000. Institutional investors and hedge funds own 75.63% of the company’s stock.
Accenture Plc (ACN) traded down $0.78 during mid-day trading on Wednesday, hitting $156.06. 146,539 shares of the stock were exchanged, compared to its average volume of 2,191,702. Accenture Plc has a one year low of $114.82 and a one year high of $162.60. The company has a market cap of $98,436.33, a PE ratio of 27.76, a PEG ratio of 2.33 and a beta of 1.05.
Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.12. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The business had revenue of $9.52 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter last year, the firm earned $1.58 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. research analysts anticipate that Accenture Plc will post 6.65 earnings per share for the current fiscal year.
ACN has been the topic of a number of research analyst reports. Cowen set a $150.00 price target on shares of Accenture and gave the company a “buy” rating in a research report on Monday, October 23rd. KeyCorp reaffirmed a “buy” rating and set a $149.00 price target on shares of Accenture in a research report on Sunday, October 29th. Stifel Nicolaus reaffirmed a “buy” rating and set a $150.00 price target on shares of Accenture in a research report on Friday, November 3rd. Pivotal Research initiated coverage on shares of Accenture in a research report on Wednesday, November 8th. They set a “buy” rating and a $165.00 price target on the stock. Finally, Evercore ISI upped their price target on shares of Accenture from $148.00 to $162.00 and gave the company a “reduce” rating in a research report on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $156.57.
In related news, CAO Richard P. Clark sold 1,433 shares of the firm’s 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 transaction, the chief accounting officer now owns 8,932 shares of the company’s stock, valued at approximately $1,414,560.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Pierre Nanterme sold 34,232 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $152.94, for a total transaction of $5,235,442.08. Following the completion of the transaction, the chief executive officer now directly owns 262,490 shares in the company, valued at approximately $40,145,220.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 117,249 shares of company stock worth $18,106,228. 0.21% of the stock is owned by insiders.
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Accenture Company 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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