Accenture Plc (ACN) Shares Bought by Advisor Group Inc.

Advisor Group Inc. raised its holdings in shares of Accenture Plc (NYSE:ACN) by 36.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,419 shares of the information technology services provider’s stock after purchasing an additional 9,386 shares during the period. Advisor Group Inc.’s holdings in Accenture were worth $5,424,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Jacobi Capital Management LLC lifted its position in Accenture by 104.8% during the third 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. Aevitas Wealth Management Inc. bought a new stake in Accenture during the fourth quarter valued at about $131,000. Santori & Peters Inc. bought a new stake in shares of Accenture in the fourth quarter worth about $181,000. Calton & Associates Inc. bought a new stake in shares of Accenture in the fourth quarter worth about $209,000. Finally, Mosaic Family Wealth LLC increased its holdings in shares of Accenture by 60.9% in the fourth quarter. Mosaic Family Wealth LLC now owns 1,302 shares of the information technology services provider’s stock worth $199,000 after purchasing an additional 493 shares during the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

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Accenture stock traded down $5.52 during midday trading on Monday, reaching $147.98. The company had a trading volume of 2,842,017 shares, compared to its average volume of 2,503,636. The firm has a market capitalization of $97,515.17, a PE ratio of 25.04, a P/E/G ratio of 2.30 and a beta of 1.04. Accenture Plc has a 12-month low of $114.82 and a 12-month high of $165.58.

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 Zacks’ 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 net margin of 9.18% and a return on equity of 41.50%. Accenture’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.33 EPS. equities analysts anticipate that Accenture Plc will post 6.68 EPS for the current fiscal year.

In other news, COO Johan Deblaere sold 55,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $154.24, for a total transaction of $8,483,200.00. Following the completion of the sale, the chief operating officer now owns 112,208 shares in the company, valued at approximately $17,306,961.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David Rowland sold 3,102 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $161.21, for a total transaction of $500,073.42. Following the sale, the chief financial officer now owns 25,012 shares of the company’s stock, valued at approximately $4,032,184.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 115,012 shares of company stock valued at $17,667,326. 0.21% of the stock is owned by insiders.

Several equities research analysts have recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and issued a $153.50 target price (down from $180.00) on shares of Accenture in a report on Monday. Barclays boosted their target price on Accenture from $152.00 to $154.00 and gave the company an “equal weight” rating in a research report on Friday, March 23rd. Robert W. Baird boosted their target price on Accenture from $162.00 to $165.00 and gave the company a “neutral” rating in a research report on Tuesday, March 20th. Pivotal Research set a $180.00 price target on Accenture and gave the company a “buy” rating in a report on Thursday, March 22nd. Finally, BMO Capital Markets boosted their price target on Accenture from $156.00 to $158.00 and gave the company a “market perform” rating in a report on Friday, March 23rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $159.65.

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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.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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