Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. decreased its stake in shares of Accenture Plc (NYSE:ACN) by 40.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,265 shares of the information technology services provider’s stock after selling 1,535 shares during the period. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P.’s holdings in Accenture were worth $347,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Flinton Capital Management LLC boosted its holdings in Accenture by 14.2% during the fourth quarter. Flinton Capital Management LLC now owns 115,976 shares of the information technology services provider’s stock worth $17,755,000 after purchasing an additional 14,420 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Accenture by 4.7% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 48,925 shares of the information technology services provider’s stock worth $7,491,000 after purchasing an additional 2,192 shares during the last quarter. Elkfork Partners LLC acquired a new position in Accenture during the fourth quarter worth $13,950,000. G&S Capital LLC acquired a new position in Accenture during the fourth quarter worth $3,552,000. Finally, TIAA CREF Investment Management LLC boosted its holdings in Accenture by 0.7% during the fourth quarter. TIAA CREF Investment Management LLC now owns 3,315,135 shares of the information technology services provider’s stock worth $507,514,000 after purchasing an additional 24,471 shares during the last quarter. 75.58% of the stock is owned by institutional investors.
Several brokerages recently commented on ACN. Pivotal Research set a $180.00 target price on shares of Accenture and gave the stock a “buy” rating in a report on Tuesday, February 20th. Cowen restated a “buy” rating and set a $175.00 target price on shares of Accenture in a report on Friday, January 12th. Morgan Stanley upgraded shares of Accenture from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $159.00 to $140.00 in a report on Monday, February 5th. Citigroup restated a “hold” rating and set a $159.00 target price on shares of Accenture in a report on Friday, December 22nd. Finally, Bank of America increased their target price on shares of Accenture from $150.00 to $171.00 in a report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $156.57.
In other news, CAO Richard P. Clark sold 1,433 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $158.37, for a total value of $226,944.21. Following the transaction, the chief accounting officer now directly owns 8,932 shares of the company’s stock, valued at $1,414,560.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard P. Clark sold 1,754 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $158.39, for a total transaction of $277,816.06. Following the completion of the transaction, the insider now directly owns 10,543 shares in the company, valued at $1,669,905.77. The disclosure for this sale can be found here. Insiders sold 117,249 shares of company stock worth $18,106,228 over the last three months. Insiders own 0.21% of the company’s stock.
Accenture Plc (NYSE ACN) opened at $162.49 on Wednesday. The firm has a market cap of $102,718.10, a PE ratio of 28.76, a PEG ratio of 2.43 and a beta of 1.01. Accenture Plc has a 1 year low of $114.82 and a 1 year high of $165.58.
Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.12. The company had revenue of $9.52 billion for the quarter, compared to analyst estimates of $9.25 billion. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The company’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 earnings per share. equities analysts anticipate that Accenture Plc will post 6.65 EPS for the current fiscal year.
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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