Raymond James & Associates boosted its holdings in shares of Accenture Plc (NYSE:ACN) by 6.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 348,446 shares of the information technology services provider’s stock after buying an additional 22,382 shares during the quarter. Raymond James & Associates’ holdings in Accenture were worth $53,344,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of ACN. Jacobi Capital Management LLC increased its holdings in shares of Accenture by 104.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 372 shares in the last quarter. Virtue Capital Management LLC purchased a new position in shares of Accenture during the 4th quarter valued at approximately $128,000. Aevitas Wealth Management Inc. purchased a new position in shares of Accenture during the 4th quarter valued at approximately $131,000. Santori & Peters Inc. purchased a new position in shares of Accenture during the 4th quarter valued at approximately $181,000. Finally, Americafirst Capital Management LLC purchased a new position in shares of Accenture during the 3rd quarter valued at approximately $187,000. 75.58% of the stock is owned by institutional investors.
Shares of Accenture Plc (ACN) opened at $162.49 on Wednesday. Accenture Plc has a one year low of $114.82 and a one year high of $165.58. The stock has a market cap of $102,718.10, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 2.43 and a beta of 1.01.
Accenture (NYSE:ACN) last announced its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (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 company 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 company posted $1.58 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. research analysts predict that Accenture Plc will post 6.65 earnings per share for the current year.
Several equities analysts have recently weighed in on ACN shares. Zacks Investment Research raised shares of 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 boosted their price target on shares of Accenture to $165.00 in a report on Monday, December 11th. Pivotal Research reissued a “buy” rating and issued a $180.00 price target on shares of Accenture in a report on Wednesday, January 10th. Morgan Stanley raised shares of Accenture from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $159.00 to $140.00 in a report on Monday, February 5th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $180.00 price target (up previously from $151.00) on shares of Accenture in a report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $156.57.
In other Accenture news, CEO Pierre Nanterme sold 34,232 shares of Accenture stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $152.94, for a total transaction of $5,235,442.08. Following the sale, 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 filing with the SEC, which is available at the SEC website. Also, insider Gianfranco Casati sold 5,000 shares of Accenture stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $152.92, for a total transaction of $764,600.00. Following the sale, the insider now directly 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 ninety days, insiders have sold 117,249 shares of company stock worth $18,106,228. 0.21% of the stock is currently owned by corporate insiders.
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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