Martingale Asset Management L P raised its position in shares of Accenture Plc (NYSE:ACN) by 0.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 349,738 shares of the information technology services provider’s stock after buying an additional 2,303 shares during the period. Accenture comprises 0.7% of Martingale Asset Management L P’s holdings, making the stock its 16th largest position. Martingale Asset Management L P’s holdings in Accenture were worth $53,543,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of ACN. Flinton Capital Management LLC lifted its position in shares of Accenture by 67.2% in the second quarter. Flinton Capital Management LLC now owns 85,232 shares of the information technology services provider’s stock worth $10,541,000 after purchasing an additional 34,244 shares in the last quarter. Sii Investments Inc. WI purchased a new stake in shares of Accenture in the second quarter worth approximately $202,000. Macquarie Group Ltd. lifted its position in shares of Accenture by 11.1% in the second quarter. Macquarie Group Ltd. now owns 274,467 shares of the information technology services provider’s stock worth $33,947,000 after purchasing an additional 27,375 shares in the last quarter. Shelton Capital Management purchased a new stake in shares of Accenture in the second quarter worth approximately $732,000. Finally, Cambria Investment Management L.P. purchased a new stake in shares of Accenture in the second quarter worth approximately $1,968,000. 74.64% of the stock is owned by institutional investors.
In other Accenture news, CEO Pierre Nanterme sold 34,232 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 262,490 shares in the company, valued at $40,145,220.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gianfranco Casati sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $152.92, for a total value of $764,600.00. Following the transaction, the insider now owns 46,202 shares in the company, valued at approximately $7,065,209.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 117,249 shares of company stock worth $18,106,228. Corporate insiders own 0.21% of the company’s stock.
Accenture Plc (NYSE ACN) opened at $160.46 on Thursday. Accenture Plc has a twelve month low of $114.82 and a twelve month high of $163.76. The company has a market capitalization of $102,559.28, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 2.43 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 EPS for the quarter, beating 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 company had revenue of $9.52 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter last year, the company posted $1.58 earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. equities research analysts expect that Accenture Plc will post 6.65 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on ACN shares. Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research report on Tuesday, November 28th. Deutsche Bank increased their price target on shares of Accenture to $165.00 in a research report on Monday, December 11th. KeyCorp reissued a “buy” rating and issued a $149.00 price target on shares of Accenture in a research report on Sunday, October 29th. Pivotal Research started coverage on shares of Accenture in a research report on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price target for the company. Finally, Morgan Stanley raised shares of Accenture from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $159.00 to $140.00 in a research report on Monday, February 5th. Two equities 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 company. The stock has an average rating of “Hold” and a consensus price target of $156.57.
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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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