FOURPOINTS Investment Managers S.A.S. Holds Position in Accenture PLC (ACN)

FOURPOINTS Investment Managers S.A.S. maintained its stake in shares of Accenture PLC (NYSE:ACN) during the first quarter, Holdings Channel reports. The firm owned 27,869 shares of the information technology services provider’s stock at the end of the first quarter. Accenture PLC accounts for about 3.5% of FOURPOINTS Investment Managers S.A.S.’s portfolio, making the stock its 4th largest position. FOURPOINTS Investment Managers S.A.S.’s holdings in Accenture PLC were worth $3,341,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ACN. Coconut Grove Bank increased its stake in Accenture PLC by 75.7% in the first quarter. Coconut Grove Bank now owns 845 shares of the information technology services provider’s stock worth $101,000 after buying an additional 364 shares during the period. Farmers & Merchants Investments Inc. increased its stake in Accenture PLC by 1.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 865 shares of the information technology services provider’s stock worth $104,000 after buying an additional 11 shares during the period. Howe & Rusling Inc. increased its stake in Accenture PLC by 14.2% in the first quarter. Howe & Rusling Inc. now owns 908 shares of the information technology services provider’s stock worth $109,000 after buying an additional 113 shares during the period. Bellwether Investment Group LLC increased its stake in Accenture PLC by 64.2% in the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after buying an additional 359 shares during the period. Finally, Parkside Financial Bank & Trust increased its stake in Accenture PLC by 2.0% in the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock worth $117,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 77.48% of the company’s stock.

Accenture PLC (NYSE ACN) traded down 0.17% during trading on Thursday, reaching $129.40. 408,502 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $126.45 and its 200-day moving average price is $122.38. The stock has a market cap of $79.97 billion, a P/E ratio of 22.91 and a beta of 1.11. Accenture PLC has a one year low of $108.83 and a one year high of $130.67.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.52. The firm had revenue of $8.87 billion for the quarter, compared to analysts’ expectations of $8.82 billion. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.41 EPS. On average, equities analysts anticipate that Accenture PLC will post $5.90 earnings per share for the current fiscal year.

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A number of equities research analysts have commented on the stock. BidaskClub downgraded shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Cowen and Company restated a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a research note on Friday, July 28th. Berenberg Bank set a $140.00 target price on shares of Accenture PLC and gave the company a “buy” rating in a research note on Saturday, June 24th. BMO Capital Markets restated a “hold” rating and set a $130.00 target price (up previously from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. Finally, Morgan Stanley set a $132.00 target price on shares of Accenture PLC and gave the company a “hold” rating in a research note on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Accenture PLC presently has a consensus rating of “Buy” and an average price target of $130.71.

In related news, insider Gianfranco Casati sold 5,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $130.00, for a total value of $650,000.00. Following the sale, the insider now directly owns 56,014 shares of the company’s stock, valued at approximately $7,281,820. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Julie Spellman Sweet sold 1,974 shares of the stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $128.68, for a total transaction of $254,014.32. Following the completion of the sale, the insider now directly owns 14,082 shares in the company, valued at $1,812,071.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,617 shares of company stock worth $9,636,557. 0.21% of the stock is owned by corporate insiders.

Accenture PLC 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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Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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