Aevitas Wealth Management Inc. bought a new stake in shares of Accenture Plc (NYSE:ACN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 855 shares of the information technology services provider’s stock, valued at approximately $131,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Jacobi Capital Management LLC boosted its stake in shares of Accenture by 104.8% during the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 372 shares during the period. Santori & Peters Inc. purchased a new stake in shares of Accenture during the fourth quarter valued at $181,000. Calton & Associates Inc. purchased a new stake in shares of Accenture during the fourth quarter valued at $209,000. Capital Investment Advisors LLC purchased a new stake in shares of Accenture during the fourth quarter valued at $201,000. Finally, Stonebridge Capital Management Inc. purchased a new stake in shares of Accenture during the fourth quarter valued at $212,000. 74.64% of the stock is owned by hedge funds and other institutional investors.
In other news, insider ‘T Noordende Alexander M. Van sold 6,500 shares of the company’s stock in a transaction dated Monday, January 1st. The shares were sold at an average price of $153.48, for a total transaction of $997,620.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gianfranco Casati sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $152.92, for a total transaction of $764,600.00. Following the transaction, the insider now owns 46,202 shares in the company, valued at approximately $7,065,209.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,249 shares of company stock valued at $18,106,228. Insiders own 0.21% of the company’s stock.
Accenture (NYSE:ACN) last released 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 analyst estimates of $9.25 billion. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 earnings per share. analysts anticipate that Accenture Plc will post 6.65 EPS for the current fiscal year.
A number of analysts have recently issued reports on ACN shares. Deutsche Bank boosted their target price on shares of Accenture to $165.00 in a research note on Monday, December 11th. Bank of America boosted their target price on shares of Accenture from $150.00 to $171.00 in a research note on Friday, December 22nd. Pivotal Research assumed coverage on shares of Accenture in a research note on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price objective for the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Accenture in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Tuesday, November 28th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $156.57.
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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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