Advisory Research Inc. Grows Stake in Accenture Plc (ACN)

Advisory Research Inc. lifted its stake in shares of Accenture Plc (NYSE:ACN) by 1.4% in the 4th quarter, HoldingsChannel reports. The fund owned 194,375 shares of the information technology services provider’s stock after acquiring an additional 2,605 shares during the quarter. Advisory Research Inc.’s holdings in Accenture were worth $29,757,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Capital Research Global Investors boosted its position in shares of Accenture by 2.2% in the second quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock worth $3,525,083,000 after buying an additional 605,156 shares during the period. Wells Fargo & Company MN boosted its position in shares of Accenture by 54.1% in the fourth quarter. Wells Fargo & Company MN now owns 6,977,987 shares of the information technology services provider’s stock worth $1,068,260,000 after buying an additional 2,450,772 shares during the period. Independent Franchise Partners LLP boosted its position in shares of Accenture by 3.7% in the third quarter. Independent Franchise Partners LLP now owns 6,293,362 shares of the information technology services provider’s stock worth $850,044,000 after buying an additional 222,828 shares during the period. WCM Investment Management CA boosted its position in shares of Accenture by 5.9% in the fourth quarter. WCM Investment Management CA now owns 5,280,182 shares of the information technology services provider’s stock worth $808,343,000 after buying an additional 291,858 shares during the period. Finally, Polen Capital Management LLC boosted its position in shares of Accenture by 2.6% in the third quarter. Polen Capital Management LLC now owns 4,873,017 shares of the information technology services provider’s stock worth $658,198,000 after buying an additional 124,266 shares during the period. 75.63% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Pierre Nanterme sold 34,232 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $152.94, for a total transaction of $5,235,442.08. Following the transaction, the chief executive officer now directly owns 262,490 shares in the company, valued at $40,145,220.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gianfranco Casati sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $152.92, for a total value of $764,600.00. Following the transaction, the insider now owns 46,202 shares in the company, valued at $7,065,209.84. The disclosure for this sale can be found here. Insiders have sold 117,249 shares of company stock worth $18,106,228 over the last 90 days. Corporate insiders own 0.21% of the company’s stock.

Accenture Plc (ACN) opened at $159.79 on Thursday. The company has a market capitalization of $99,637.00, a PE ratio of 28.28, a PEG ratio of 2.36 and a beta of 1.05. Accenture Plc has a 12 month low of $114.82 and a 12 month high of $162.60.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.12. The business had revenue of $9.52 billion for the quarter, compared to analyst estimates of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 earnings per share. equities analysts expect that Accenture Plc will post 6.65 EPS for the current fiscal year.

ACN has been the subject of several recent analyst reports. Bank of America raised their target price on Accenture from $150.00 to $171.00 in a research report on Friday, December 22nd. Deutsche Bank raised their target price on Accenture to $165.00 in a research report on Monday, December 11th. Pivotal Research initiated coverage on Accenture in a research report on Wednesday, November 8th. They set a “buy” rating and a $165.00 price objective for the company. Stifel Nicolaus reissued a “buy” rating and set a $150.00 price objective on shares of Accenture in a research report on Friday, November 3rd. Finally, KeyCorp reissued a “buy” rating and set a $149.00 price objective on shares of Accenture in a research report on Sunday, October 29th. Two 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. Accenture currently has an average rating of “Hold” and an average target price of $156.57.

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About Accenture

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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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