TCW Group Inc. raised its stake in shares of Accenture Plc (NYSE:ACN) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 192,495 shares of the information technology services provider’s stock after purchasing an additional 1,692 shares during the period. TCW Group Inc.’s holdings in Accenture were worth $29,469,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Jacobi Capital Management LLC increased its position in shares of 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 acquiring an additional 372 shares in the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of Accenture in the third quarter worth $187,000. Monroe Bank & Trust MI increased its position in shares of 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 worth $193,000 after acquiring an additional 358 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of 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 worth $199,000 after acquiring an additional 570 shares in the last quarter. Finally, Capital Investment Advisors LLC acquired a new stake in shares of Accenture in the fourth quarter worth $201,000. 74.64% of the stock is owned by hedge funds and other institutional investors.
In other Accenture news, CFO David Rowland sold 3,102 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $161.21, for a total transaction of $500,073.42. Following the transaction, the chief financial officer now directly owns 25,012 shares in the company, valued at approximately $4,032,184.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gianfranco Casati sold 5,000 shares of the stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $152.92, for a total transaction of $764,600.00. Following the transaction, the insider now owns 46,202 shares in the company, valued at $7,065,209.84. The disclosure for this sale can be found here. Insiders have sold a total of 117,249 shares of company stock worth $18,106,228 over the last quarter. 0.21% of the stock is currently owned by insiders.
Accenture Plc (NYSE:ACN) opened at $162.34 on Tuesday. Accenture Plc has a 52 week low of $114.82 and a 52 week high of $163.60. The company has a market cap of $104,280.00, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 2.45 and a beta of 1.05.
Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $9.25 billion. During the same period in the prior year, the firm posted $1.58 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. sell-side analysts expect that Accenture Plc will post 6.65 EPS for the current year.
Several equities research analysts have recently issued reports on ACN shares. Bank of America increased their price objective on shares of Accenture from $150.00 to $171.00 in a research report on Friday, December 22nd. Deutsche Bank increased their price objective on shares of Accenture to $165.00 in a research report on Monday, December 11th. 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 objective for the company. Stifel Nicolaus reissued a “buy” rating and issued a $150.00 price objective on shares of Accenture in a research report on Friday, November 3rd. Finally, KeyCorp reissued a “buy” rating and issued a $149.00 price objective on shares of Accenture in a research report on Sunday, October 29th. Two equities 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 company. Accenture has a consensus rating of “Hold” and a consensus price target 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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