Accenture Plc (ACN) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers lifted its holdings in shares of Accenture Plc (NYSE:ACN) by 21.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,145 shares of the information technology services provider’s stock after purchasing an additional 1,092 shares during the period. Cetera Investment Advisers’ holdings in Accenture were worth $943,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ACN. Jacobi Capital Management LLC boosted its holdings in Accenture by 104.8% in 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. Americafirst Capital Management LLC bought a new position in Accenture in the third quarter valued at about $187,000. Ropes Wealth Advisors LLC boosted its holdings in Accenture by 10.1% in the second quarter. Ropes Wealth Advisors LLC now owns 1,555 shares of the information technology services provider’s stock valued at $192,000 after acquiring an additional 143 shares during the last quarter. Monroe Bank & Trust MI boosted its holdings in Accenture by 27.8% in the third quarter. Monroe Bank & Trust MI now owns 1,646 shares of the information technology services provider’s stock valued at $193,000 after acquiring an additional 358 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Accenture by 54.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,608 shares of the information technology services provider’s stock valued at $199,000 after acquiring an additional 570 shares during the last quarter. Institutional investors own 75.63% of the company’s stock.

In other news, insider ‘T Noordende Alexander M. Van sold 6,500 shares of the firm’s stock in a transaction dated Monday, January 1st. The stock was sold at an average price of $153.48, for a total transaction of $997,620.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Richard Lumb sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $155.34, for a total value of $310,680.00. Following the sale, the insider now directly owns 121,041 shares in the company, valued at approximately $18,802,508.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,249 shares of company stock worth $18,106,228. 0.21% of the stock is currently owned by insiders.

Several equities analysts recently issued reports on ACN shares. Bank of America raised their price target on Accenture from $150.00 to $171.00 in a report on Friday, December 22nd. Deutsche Bank raised their price target on Accenture to $165.00 in a report on Monday, December 11th. Pivotal Research started coverage on Accenture in a report on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 price target on shares of Accenture in a report on Friday, November 3rd. Finally, KeyCorp reiterated a “buy” rating and issued a $149.00 price target on shares of Accenture in a report on Sunday, October 29th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $156.57.

Shares of Accenture Plc (ACN) opened at $159.79 on Thursday. The company has a market capitalization of $99,637.00, a PE ratio of 28.28, a PEG ratio of 2.36 and a beta of 1.05. Accenture Plc has a 1 year low of $114.82 and a 1 year high of $162.60.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.12. The company had revenue of $9.52 billion for the quarter, compared to analyst estimates of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. Accenture’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 earnings per share. equities research analysts predict that Accenture Plc will post 6.65 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/15/accenture-plc-acn-shares-bought-by-cetera-investment-advisers.html.

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.

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture Plc (NYSE:ACN).

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply