Wetherby Asset Management Inc. Purchases 405 Shares of Accenture Plc (ACN)

Wetherby Asset Management Inc. grew its stake in shares of Accenture Plc (NYSE:ACN) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,107 shares of the information technology services provider’s stock after buying an additional 405 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Accenture were worth $3,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Wealthfront Inc. grew its stake in shares of Accenture by 9.6% in the 4th quarter. Wealthfront Inc. now owns 23,247 shares of the information technology services provider’s stock worth $3,559,000 after purchasing an additional 2,043 shares during the last quarter. SNS Financial Group LLC purchased a new position in shares of Accenture in the fourth quarter worth approximately $231,000. Itau Unibanco Holding S.A. increased its position in shares of Accenture by 233.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 4,108 shares of the information technology services provider’s stock worth $629,000 after acquiring an additional 2,876 shares in the last quarter. Virtu Financial LLC increased its position in shares of Accenture by 112.3% in the fourth quarter. Virtu Financial LLC now owns 8,376 shares of the information technology services provider’s stock worth $1,282,000 after acquiring an additional 4,430 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Accenture by 92.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,213 shares of the information technology services provider’s stock worth $645,000 after acquiring an additional 2,028 shares in the last quarter. Institutional investors own 74.64% of the company’s stock.

ACN has been the topic of several analyst reports. Cowen set a $150.00 target price on shares of Accenture and gave the stock a “buy” rating in a research report on Monday, October 23rd. Susquehanna Bancshares restated a “hold” rating and set a $145.00 price target on shares of Accenture in a report on Tuesday, December 26th. Pivotal Research set a $180.00 price target on shares of Accenture and gave the stock a “buy” rating in a report on Thursday, December 28th. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a report on Tuesday, November 28th. Finally, Bank of America raised their price target on shares of Accenture from $150.00 to $171.00 in a report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Accenture currently has a consensus rating of “Hold” and an average target price of $156.57.

Accenture Plc (NYSE:ACN) opened at $162.66 on Monday. Accenture Plc has a 52-week low of $114.82 and a 52-week high of $163.60. The stock has a market cap of $103,334.33, a price-to-earnings ratio of 26.58, a P/E/G ratio of 2.45 and a beta of 1.05.

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 predict that Accenture Plc will post 6.65 earnings per share for the current fiscal year.

In related news, insider Gianfranco Casati sold 5,000 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $7,065,209.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard Lumb sold 2,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $155.34, for a total transaction of $310,680.00. Following the completion of the sale, the insider now directly owns 121,041 shares in the company, valued at approximately $18,802,508.94. The disclosure for this sale can be found here. Insiders have sold 117,249 shares of company stock worth $18,106,228 in the last ninety days. 0.21% of the stock is currently owned by insiders.

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About Accenture

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 (NYSE:ACN)

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