Foster & Motley Inc. raised its holdings in Accenture Plc (NYSE:ACN) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,904 shares of the information technology services provider’s stock after buying an additional 318 shares during the period. Foster & Motley Inc.’s holdings in Accenture were worth $6,109,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. TRUE Private Wealth Advisors acquired a new stake in Accenture in the 4th quarter valued at $772,000. Personal Capital Advisors Corp acquired a new position in shares of Accenture during the 4th quarter worth about $276,000. Diversified Trust Co increased its stake in shares of Accenture by 45.5% during the 4th quarter. Diversified Trust Co now owns 24,426 shares of the information technology services provider’s stock worth $3,739,000 after purchasing an additional 7,643 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Accenture by 395.0% during the 4th quarter. State of Alaska Department of Revenue now owns 72,346 shares of the information technology services provider’s stock worth $11,073,000 after purchasing an additional 57,730 shares during the last quarter. Finally, Heritage Way Advisors LLC increased its stake in shares of Accenture by 97.3% during the 4th quarter. Heritage Way Advisors LLC now owns 33,676 shares of the information technology services provider’s stock worth $5,155,000 after purchasing an additional 16,608 shares during the last quarter. Hedge funds and other institutional investors own 75.39% of the company’s stock.
In other Accenture news, insider Richard Lumb sold 2,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $160.30, for a total value of $320,600.00. Following the completion of the sale, the insider now owns 123,863 shares of the company’s stock, valued at approximately $19,855,238.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Pierre Nanterme sold 34,232 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 262,490 shares of the company’s stock, valued at approximately $40,145,220.60. The disclosure for this sale can be found here. Insiders sold a total of 81,916 shares of company stock valued at $12,311,906 in the last three months. Insiders own 0.21% of the company’s stock.
Accenture (NYSE:ACN) last posted its quarterly earnings data 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. The firm had revenue of $9.52 billion during the quarter, compared to the consensus estimate of $9.25 billion. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.58 EPS. equities analysts anticipate that Accenture Plc will post 6.64 earnings per share for the current year.
Several research firms have recently weighed in on ACN. Pivotal Research set a $180.00 price objective on shares of Accenture and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Cowen restated a “buy” rating and set a $175.00 price objective on shares of Accenture in a research note on Friday, January 12th. Citigroup restated a “hold” rating and set a $159.00 price objective on shares of Accenture in a research note on Friday, December 22nd. SunTrust Banks restated a “hold” rating and set a $164.00 price objective on shares of Accenture in a research note on Thursday, December 21st. Finally, Bank of America boosted their price objective on shares of Accenture from $150.00 to $171.00 in a research note on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $156.57.
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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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