Accenture (ACN) Stake Increased by Aperio Group LLC

Aperio Group LLC grew its stake in Accenture (NYSE:ACN) by 5.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 580,210 shares of the information technology services provider’s stock after acquiring an additional 32,205 shares during the quarter. Aperio Group LLC owned 0.09% of Accenture worth $89,062,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Foster & Motley Inc. increased its stake in Accenture by 0.8% during the 4th quarter. Foster & Motley Inc. now owns 39,904 shares of the information technology services provider’s stock worth $6,109,000 after purchasing an additional 318 shares in the last quarter. Park Avenue Securities LLC increased its stake in Accenture by 11.2% during the 4th quarter. Park Avenue Securities LLC now owns 3,251 shares of the information technology services provider’s stock worth $500,000 after purchasing an additional 327 shares in the last quarter. Capital Analysts LLC increased its stake in Accenture by 4.9% during the 4th quarter. Capital Analysts LLC now owns 7,937 shares of the information technology services provider’s stock worth $1,215,000 after purchasing an additional 368 shares in the last quarter. D.A. Davidson & CO. increased its stake in Accenture by 4.3% during the 4th quarter. D.A. Davidson & CO. now owns 9,219 shares of the information technology services provider’s stock worth $1,411,000 after purchasing an additional 383 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in Accenture by 1.8% during the 1st quarter. Whittier Trust Co. now owns 22,462 shares of the information technology services provider’s stock worth $3,448,000 after purchasing an additional 397 shares in the last quarter. 75.18% of the stock is owned by institutional investors.

In other Accenture news, COO Johan Deblaere sold 5,000 shares of the firm’s stock in a transaction on Monday, March 26th. The stock was sold at an average price of $150.72, for a total transaction of $753,600.00. Following the completion of the sale, the chief operating officer now owns 73,638 shares of the company’s stock, valued at approximately $11,098,719.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Pierre Nanterme sold 36,858 shares of the firm’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $150.80, for a total value of $5,558,186.40. Following the sale, the chief executive officer now directly owns 357,405 shares of the company’s stock, valued at approximately $53,896,674. The disclosure for this sale can be found here. In the last three months, insiders sold 53,828 shares of company stock valued at $8,145,630. 0.21% of the stock is currently owned by insiders.

A number of research firms recently issued reports on ACN. Pivotal Research set a $180.00 target price on Accenture and gave the stock a “buy” rating in a research note on Friday. Wedbush reaffirmed an “outperform” rating and set a $180.00 price target (up from $165.00) on shares of Accenture in a research note on Tuesday, March 20th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $180.00 price target on shares of Accenture in a research note on Wednesday, April 25th. Robert W. Baird raised their price target on shares of Accenture from $162.00 to $165.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 20th. Finally, Credit Suisse Group set a $151.00 price target on shares of Accenture and gave the stock a “hold” rating in a research note on Thursday, April 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have given a buy rating to the stock. Accenture presently has a consensus rating of “Buy” and an average target price of $161.20.

Accenture opened at $155.57 on Tuesday, according to MarketBeat.com. The company has a market capitalization of $99.79 billion, a PE ratio of 26.32, a P/E/G ratio of 2.35 and a beta of 1.03. Accenture has a 12 month low of $155.45 and a 12 month high of $157.50.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, March 22nd. The information technology services provider reported $1.58 EPS for the quarter, beating the consensus estimate of $1.49 by $0.09. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.31 billion. Accenture had a return on equity of 41.50% and a net margin of 9.18%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 EPS. analysts forecast that Accenture will post 6.69 earnings per share for the current year.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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