Cetera Investment Advisers grew its stake in Accenture Plc (NYSE:ACN) by 21.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,145 shares of the information technology services provider’s stock after buying 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 institutional investors also recently modified their holdings of ACN. ETRADE Capital Management LLC raised its position in Accenture by 7.0% during the 2nd quarter. ETRADE Capital Management LLC now owns 43,188 shares of the information technology services provider’s stock worth $5,342,000 after buying an additional 2,823 shares during the last quarter. TIAA FSB purchased a new position in Accenture during the 2nd quarter worth $6,398,000. MML Investors Services LLC raised its position in Accenture by 24.0% during the 2nd quarter. MML Investors Services LLC now owns 22,774 shares of the information technology services provider’s stock worth $2,817,000 after buying an additional 4,412 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. raised its position in Accenture by 0.8% during the 2nd quarter. Woodley Farra Manion Portfolio Management Inc. now owns 251,692 shares of the information technology services provider’s stock worth $31,129,000 after buying an additional 2,050 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Accenture by 0.5% in the 2nd quarter. California Public Employees Retirement System now owns 1,578,919 shares of the information technology services provider’s stock valued at $195,281,000 after purchasing an additional 7,500 shares in the last quarter. Institutional investors and hedge funds own 74.64% of the company’s stock.
Shares of Accenture Plc (NYSE:ACN) traded up $0.61 during midday trading on Thursday, hitting $161.07. 748,520 shares of the company were exchanged, compared to its average volume of 2,167,139. Accenture Plc has a fifty-two week low of $114.82 and a fifty-two week high of $163.76. The company has a market capitalization of $103,370.00, a PE ratio of 28.54, a P/E/G ratio of 2.43 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 EPS for the quarter, topping the 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 firm had revenue of $9.52 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the previous year, the business earned $1.58 earnings per share. Accenture’s revenue for the quarter was up 11.8% compared to the same quarter last year. equities analysts anticipate that Accenture Plc will post 6.65 earnings per share for the current fiscal year.
In related 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 value of $5,235,442.08. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider ‘T Noordende Alexander M. Van sold 6,500 shares of Accenture stock in a transaction dated Monday, January 1st. The stock was sold at an average price of $153.48, for a total value of $997,620.00. The disclosure for this sale can be found here. Insiders sold a total of 117,249 shares of company stock worth $18,106,228 in the last three months. 0.21% of the stock is currently owned by company insiders.
A number of equities analysts have recently issued reports on ACN shares. Robert W. Baird reiterated a “hold” rating and issued a $155.00 price target on shares of Accenture in a report on Thursday, December 7th. Pivotal Research set a $180.00 price target on shares of Accenture and gave the company a “buy” rating in a report on Wednesday, January 3rd. KeyCorp reissued 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 shares of Accenture from a “hold” rating to a “buy” rating and set a $172.00 price objective on the stock in a research note on Wednesday, December 27th. Finally, Bank of America increased their price objective on shares of Accenture from $150.00 to $171.00 in a research note on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $156.57.
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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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