Wedbush Securities Inc. Grows Holdings in Accenture Plc (ACN)

Wedbush Securities Inc. boosted its position in shares of Accenture Plc (NYSE:ACN) by 28.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,393 shares of the information technology services provider’s stock after buying an additional 2,068 shares during the period. Wedbush Securities Inc.’s holdings in Accenture were worth $1,438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wetherby Asset Management Inc. increased its holdings in Accenture by 1.9% during the 4th quarter. Wetherby Asset Management Inc. now owns 22,107 shares of the information technology services provider’s stock worth $3,384,000 after purchasing an additional 405 shares during the period. Wealthfront Inc. boosted its position in Accenture by 9.6% during the 4th quarter. Wealthfront Inc. now owns 23,247 shares of the information technology services provider’s stock valued at $3,559,000 after acquiring an additional 2,043 shares in the last quarter. SNS Financial Group LLC bought a new stake in Accenture during the 4th quarter valued at $231,000. Itau Unibanco Holding S.A. boosted its position in Accenture by 233.4% during the 4th quarter. Itau Unibanco Holding S.A. now owns 4,108 shares of the information technology services provider’s stock valued at $629,000 after acquiring an additional 2,876 shares in the last quarter. Finally, Virtu Financial LLC boosted its position in Accenture by 112.3% during the 4th quarter. Virtu Financial LLC now owns 8,376 shares of the information technology services provider’s stock valued at $1,282,000 after acquiring an additional 4,430 shares in the last quarter. Institutional investors own 74.64% of the company’s stock.

In other Accenture news, CEO Pierre Nanterme sold 34,232 shares of Accenture stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $152.94, for a total transaction of $5,235,442.08. Following the completion of the sale, the chief executive officer now owns 262,490 shares of the company’s stock, valued at approximately $40,145,220.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Johan Deblaere sold 55,000 shares of Accenture stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $154.24, for a total value of $8,483,200.00. Following the sale, the chief operating officer now directly 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. Insiders sold a total of 117,249 shares of company stock valued at $18,106,228 in the last three months. Insiders own 0.21% of the company’s stock.

Shares of Accenture Plc (ACN) opened at $162.66 on Tuesday. The firm has a market capitalization of $104,280.00, a price-to-earnings ratio of 28.84, a PEG ratio of 2.45 and a beta of 1.05. Accenture Plc has a 52-week low of $114.82 and a 52-week high of $163.60.

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

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

WARNING: “Wedbush Securities Inc. Grows Holdings in Accenture Plc (ACN)” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/20/wedbush-securities-inc-grows-holdings-in-accenture-plc-acn.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