D.A. Davidson & CO. Increases Holdings in Accenture Plc (ACN)

D.A. Davidson & CO. raised its holdings in shares of Accenture Plc (NYSE:ACN) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,219 shares of the information technology services provider’s stock after purchasing an additional 383 shares during the quarter. D.A. Davidson & CO.’s holdings in Accenture were worth $1,411,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ACN. Peapack Gladstone Financial Corp lifted its holdings in shares of Accenture by 2.9% during the second quarter. Peapack Gladstone Financial Corp now owns 4,014 shares of the information technology services provider’s stock worth $496,000 after buying an additional 113 shares in the last quarter. Monetary Management Group Inc. lifted its holdings in shares of Accenture by 10.0% during the second quarter. Monetary Management Group Inc. now owns 1,650 shares of the information technology services provider’s stock worth $204,000 after buying an additional 150 shares in the last quarter. Stellar Capital Management LLC lifted its holdings in shares of Accenture by 1.1% during the second quarter. Stellar Capital Management LLC now owns 20,320 shares of the information technology services provider’s stock worth $2,513,000 after buying an additional 225 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Accenture by 5.2% during the second quarter. Cetera Investment Advisers now owns 4,558 shares of the information technology services provider’s stock worth $562,000 after buying an additional 226 shares in the last quarter. Finally, Gofen & Glossberg LLC IL lifted its holdings in shares of Accenture by 0.8% during the second quarter. Gofen & Glossberg LLC IL now owns 37,688 shares of the information technology services provider’s stock worth $4,661,000 after buying an additional 290 shares in the last quarter. 74.64% of the stock is owned by institutional investors and hedge funds.

In other Accenture news, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $155.34, for a total value of $310,680.00. Following the transaction, the insider now owns 121,041 shares in the company, valued at $18,802,508.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David Rowland sold 3,102 shares of Accenture stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $161.21, for a total value of $500,073.42. Following the completion of the transaction, the chief financial officer now owns 25,012 shares in the company, valued at approximately $4,032,184.52. The disclosure for this sale can be found here. In 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.

Accenture Plc (NYSE:ACN) opened at $161.44 on Wednesday. Accenture Plc has a 12-month low of $114.82 and a 12-month high of $163.60. The company has a market capitalization of $103,334.33, a price-to-earnings ratio of 28.57, a P/E/G ratio of 2.45 and a beta of 1.05.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analysts’ expectations of $9.25 billion. During the same quarter in the previous year, the business posted $1.58 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. equities analysts forecast that Accenture Plc will post 6.65 earnings per share for the current fiscal year.

ACN has been the subject of a number of research reports. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $165.00 target price for the company in a report on Tuesday, November 28th. Deutsche Bank lifted their target price on Accenture to $165.00 in a report on Monday, December 11th. KeyCorp reissued a “buy” rating and set a $149.00 target price on shares of Accenture in a report on Sunday, October 29th. Pivotal Research initiated coverage on Accenture in a report on Wednesday, November 8th. They set a “buy” rating and a $165.00 target price for the company. Finally, Morgan Stanley raised Accenture from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $159.00 to $140.00 in a report on Monday, February 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $156.57.

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About Accenture

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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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