OxFORD Asset Management LLP acquired a new position in Accenture Plc (NYSE:ACN) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,524 shares of the information technology services provider’s stock, valued at approximately $476,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its stake in Accenture by 2,531.4% during the 2nd 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. BT Investment Management Ltd acquired a new position in Accenture during the 2nd quarter valued at about $220,158,000. BlackRock Inc. increased its stake in Accenture by 3.0% during the 2nd 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. Vanguard Group Inc. grew its stake in shares of Accenture by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after purchasing an additional 1,088,676 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its stake in shares of Accenture by 5,214.4% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 1,048,642 shares of the information technology services provider’s stock worth $141,640,000 after purchasing an additional 1,028,910 shares during the last quarter. 75.23% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Ellyn Shook sold 4,375 shares of the business’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $139.81, for a total value of $611,668.75. Following the sale, the insider now owns 33,081 shares in the company, valued at approximately $4,625,054.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider ‘T Noordende Alexander M. Van sold 6,500 shares of the business’s stock in a transaction on Monday, January 1st. The shares were sold at an average price of $153.48, for a total transaction of $997,620.00. The disclosure for this sale can be found here. Insiders have sold 82,116 shares of company stock worth $12,211,924 in the last quarter. Corporate insiders own 0.21% of the company’s stock.
Accenture (NYSE:ACN) last announced its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.12. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The business had revenue of $9.52 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the previous year, the firm posted $1.58 earnings per share. Accenture’s revenue was up 11.8% compared to the same quarter last year. equities analysts anticipate that Accenture Plc will post 6.64 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on ACN. Pivotal Research reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Accenture in a research note on Wednesday. Berenberg Bank reaffirmed a “buy” rating and issued a $160.00 price objective on shares of Accenture in a research note on Thursday, September 21st. Societe Generale cut shares of Accenture from a “buy” rating to a “hold” rating and set a $144.00 price objective on the stock. in a research note on Thursday, September 28th. Cowen reaffirmed a “buy” rating and issued a $150.00 price objective (up previously from $135.00) on shares of Accenture in a research note on Tuesday, September 19th. Finally, Susquehanna Bancshares reiterated a “neutral” rating and issued a $144.00 target price on shares of Accenture in a report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the stock. Accenture has an average rating of “Hold” and an average target price of $156.17.
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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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