Howard Capital Management lessened its position in shares of Accenture Plc (NYSE:ACN) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 111,661 shares of the information technology services provider’s stock after selling 1,644 shares during the quarter. Accenture accounts for 2.5% of Howard Capital Management’s portfolio, making the stock its 11th biggest holding. Howard Capital Management’s holdings in Accenture were worth $17,094,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of ACN. Jacobi Capital Management LLC increased its position 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 worth $100,000 after buying an additional 372 shares in the last quarter. TCI Wealth Advisors Inc. boosted 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 worth $106,000 after acquiring an additional 162 shares during the period. Manchester Capital Management LLC boosted 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 worth $114,000 after acquiring an additional 60 shares during the period. Captrust Financial Advisors bought a new position in shares of Accenture in the second quarter worth about $129,000. Finally, Monroe Bank & Trust MI boosted 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 worth $159,000 after acquiring an additional 350 shares during the period. Institutional investors own 75.63% of the company’s stock.
ACN has been the subject of a number of recent analyst reports. Robert W. Baird reaffirmed a “hold” rating and issued a $155.00 price objective on shares of Accenture in a research note on Thursday, December 7th. Pivotal Research set a $180.00 price objective on Accenture and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. KeyCorp reaffirmed a “buy” rating and issued a $149.00 price objective on shares of Accenture in a research note on Sunday, October 29th. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $172.00 price objective for the company in a research note on Wednesday, December 27th. Finally, Bank of America increased their price target on Accenture from $150.00 to $171.00 in a research note on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given 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 an average target price of $156.57.
In other Accenture news, CAO Richard P. Clark sold 1,433 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $158.37, for a total transaction of $226,944.21. Following the transaction, the chief accounting officer now directly owns 8,932 shares in the company, valued at approximately $1,414,560.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David Rowland sold 3,102 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $161.21, for a total value of $500,073.42. Following the transaction, the chief financial officer now owns 25,012 shares in the company, valued at $4,032,184.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,249 shares of company stock worth $18,106,228. Company insiders own 0.21% of the company’s stock.
Shares of Accenture Plc (ACN) opened at $159.79 on Thursday. Accenture Plc has a fifty-two week low of $114.82 and a fifty-two week high of $162.60. The firm has a market capitalization of $102,440.00, a P/E ratio of 28.33, a PEG ratio of 2.33 and a beta of 1.05.
Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The firm had revenue of $9.52 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the prior year, the business posted $1.58 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. analysts expect that Accenture Plc will post 6.65 EPS for the current fiscal year.
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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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