Mission Wealth Management LP boosted its holdings in Accenture Plc (NYSE:ACN) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,302 shares of the information technology services provider’s stock after acquiring an additional 570 shares during the quarter. Mission Wealth Management LP’s holdings in Accenture were worth $506,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Eagle Ridge Investment Management bought a new stake in Accenture in the third quarter worth about $359,000. Atlanta Capital Management Co. L L C raised its position in Accenture by 4.6% in the third quarter. Atlanta Capital Management Co. L L C now owns 580,977 shares of the information technology services provider’s stock worth $78,472,000 after acquiring an additional 25,671 shares in the last quarter. Koch Industries Inc. raised its position in Accenture by 18,227.9% in the second quarter. Koch Industries Inc. now owns 329,903 shares of the information technology services provider’s stock worth $327,000 after acquiring an additional 328,103 shares in the last quarter. MU Investments Co. Ltd. bought a new stake in Accenture in the fourth quarter worth about $5,654,000. Finally, Lenox Wealth Management Inc. bought a new stake in Accenture in the second quarter worth about $1,591,000. Hedge funds and other institutional investors own 74.64% of the company’s stock.
ACN has been the topic of several research reports. Robert W. Baird reiterated a “hold” rating and issued a $155.00 price target on shares of Accenture in a research report on Thursday, December 7th. Pivotal Research set a $180.00 price objective on Accenture and gave the stock a “buy” rating in a report on Wednesday, January 3rd. KeyCorp restated a “buy” rating and set a $149.00 price objective on shares of Accenture in a report on Sunday, October 29th. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $172.00 price objective on the stock in a report on Wednesday, December 27th. Finally, Bank of America boosted their price objective on Accenture from $150.00 to $171.00 in a report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $156.57.
Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.12. The business had revenue of $9.52 billion during the quarter, compared to analysts’ expectations of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 EPS. equities analysts anticipate that Accenture Plc will post 6.65 earnings per share for the current year.
In other Accenture news, CFO David Rowland sold 3,102 shares of the company’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 completion of the sale, the chief financial officer now owns 25,012 shares of the company’s stock, valued at $4,032,184.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gianfranco Casati sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $152.92, for a total value of $764,600.00. Following the sale, the insider now directly owns 46,202 shares of the company’s stock, valued at approximately $7,065,209.84. The disclosure for this sale can be found here. In the last three months, insiders sold 117,249 shares of company stock valued at $18,106,228. 0.21% of the stock is currently owned by company insiders.
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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