Accenture Plc (ACN) Shares Bought by LS Investment Advisors LLC

LS Investment Advisors LLC raised its holdings in Accenture Plc (NYSE:ACN) by 25.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,532 shares of the information technology services provider’s stock after acquiring an additional 3,188 shares during the quarter. LS Investment Advisors LLC’s holdings in Accenture were worth $2,190,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Weatherstone Capital Management lifted its stake in shares of Accenture by 8.8% during the 3rd quarter. Weatherstone Capital Management now owns 4,792 shares of the information technology services provider’s stock worth $816,000 after purchasing an additional 388 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Accenture by 13.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,162 shares of the information technology services provider’s stock worth $1,997,000 after purchasing an additional 1,661 shares during the last quarter. Carnick & Kubik Group LLC lifted its stake in shares of Accenture by 10.8% during the 3rd quarter. Carnick & Kubik Group LLC now owns 47,036 shares of the information technology services provider’s stock worth $8,005,000 after purchasing an additional 4,576 shares during the last quarter. TrimTabs Asset Management LLC purchased a new stake in shares of Accenture during the 4th quarter worth $1,108,000. Finally, Royal London Asset Management Ltd. increased its position in Accenture by 19.0% during the 3rd quarter. Royal London Asset Management Ltd. now owns 310,003 shares of the information technology services provider’s stock valued at $51,724,000 after buying an additional 49,588 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

ACN has been the topic of several recent analyst reports. Bank of America raised Accenture from a “neutral” rating to a “buy” rating and set a $143.07 target price on the stock in a research report on Tuesday, January 8th. They noted that the move was a valuation call. Citigroup raised Accenture from a “neutral” rating to a “buy” rating and upped their target price for the company from $161.00 to $169.00 in a research report on Wednesday, January 16th. Morgan Stanley set a $178.00 target price on Accenture and gave the company a “buy” rating in a research report on Friday, December 21st. Robert W. Baird reduced their target price on Accenture from $176.00 to $156.00 and set a “neutral” rating on the stock in a research report on Friday, December 21st. Finally, SunTrust Banks reduced their target price on Accenture from $178.00 to $157.00 and set a “hold” rating on the stock in a research report on Monday, December 24th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $173.84.

In related news, insider Ellyn Shook sold 1,172 shares of the firm’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $155.00, for a total transaction of $181,660.00. Following the sale, the insider now directly owns 36,337 shares of the company’s stock, valued at $5,632,235. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jean-Marc Ollagnier sold 6,165 shares of the firm’s stock in a transaction dated Monday, December 24th. The stock was sold at an average price of $135.16, for a total value of $833,261.40. Following the sale, the insider now directly owns 168,751 shares in the company, valued at $22,808,385.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,033 shares of company stock worth $8,154,417. 0.18% of the stock is owned by corporate insiders.

Shares of ACN stock opened at $155.59 on Monday. The stock has a market capitalization of $103.35 billion, a PE ratio of 23.08, a PEG ratio of 2.09 and a beta of 1.10. Accenture Plc has a fifty-two week low of $132.63 and a fifty-two week high of $175.64.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 20th. The information technology services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.84 by $0.12. The firm had revenue of $10.61 billion for the quarter, compared to analyst estimates of $10.54 billion. Accenture had a return on equity of 40.31% and a net margin of 9.99%. Accenture’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $1.79 earnings per share. Sell-side analysts anticipate that Accenture Plc will post 7.2 EPS for the current fiscal year.

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Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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