Charter Trust Co. purchased a new stake in Accenture Plc (NYSE:ACN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,466 shares of the information technology services provider’s stock, valued at approximately $224,000.
A number of other institutional investors have also recently made changes to their positions in ACN. Janus Henderson Group PLC lifted its position in Accenture by 2,531.4% during the second quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock valued at $311,760,000 after buying an additional 2,424,888 shares during the period. Capital International Investors lifted its position in Accenture by 89.1% during the third quarter. Capital International Investors now owns 4,670,977 shares of the information technology services provider’s stock valued at $630,909,000 after buying an additional 2,200,243 shares during the period. BT Investment Management Ltd purchased a new position in Accenture during the second quarter valued at $220,158,000. BlackRock Inc. lifted its position in Accenture by 3.0% during the second quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock valued at $5,028,772,000 after buying an additional 1,196,578 shares during the period. Finally, Vanguard Group Inc. lifted its position in Accenture by 2.3% during the second quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock valued at $5,994,531,000 after buying an additional 1,088,676 shares during the period. 75.28% of the stock is owned by institutional investors and hedge funds.
ACN has been the subject of several recent analyst reports. Cowen set a $150.00 price target on Accenture and gave the stock a “buy” rating in a research report on Monday, October 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $150.00 price target on shares of Accenture in a research report on Sunday, October 1st. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $145.00 price target on shares of Accenture in a research report on Tuesday, December 26th. Pivotal Research set a $180.00 price target on Accenture and gave the stock a “buy” rating in a research report on Thursday, December 28th. Finally, Barclays lifted their price target on Accenture from $124.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $156.57.
Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.12. The business had revenue of $9.52 billion during the quarter, compared to the consensus estimate of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 EPS. equities analysts forecast that Accenture Plc will post 6.64 EPS for the current year.
In related news, insider ‘T Noordende Alexander M. Van sold 6,500 shares of the business’s stock in a transaction that occurred on Monday, January 1st. The stock was sold at an average price of $153.48, for a total transaction of $997,620.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard P. Clark sold 3,155 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $143.01, for a total value of $451,196.55. Following the transaction, the insider now owns 5,533 shares of the company’s stock, valued at $791,274.33. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,291 shares of company stock valued at $12,602,974. Corporate insiders own 0.21% of the company’s stock.
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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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