Martingale Asset Management L P boosted its stake in Accenture Plc (NYSE:ACN) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,738 shares of the information technology services provider’s stock after acquiring an additional 2,303 shares during the period. Accenture accounts for 0.7% of Martingale Asset Management L P’s portfolio, making the stock its 16th largest position. Martingale Asset Management L P owned approximately 0.06% of Accenture worth $53,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Jacobi Capital Management LLC raised its holdings 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 worth $100,000 after purchasing an additional 372 shares during the period. Santori & Peters Inc. acquired a new stake in shares of Accenture during the fourth quarter worth $181,000. Americafirst Capital Management LLC acquired a new stake in shares of Accenture during the third quarter worth $187,000. Monroe Bank & Trust MI raised its holdings in shares of Accenture by 27.8% during the third quarter. Monroe Bank & Trust MI now owns 1,646 shares of the information technology services provider’s stock worth $193,000 after purchasing an additional 358 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Accenture by 54.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,608 shares of the information technology services provider’s stock worth $199,000 after purchasing an additional 570 shares during the period. 74.64% of the stock is currently owned by hedge funds and other institutional investors.
ACN has been the topic of a number of research reports. Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Tuesday, November 28th. Deutsche Bank increased their target price on shares of Accenture to $165.00 in a report on Monday, December 11th. KeyCorp reissued a “buy” rating and set a $149.00 target price on shares of Accenture in a report on Sunday, October 29th. Pivotal Research started coverage on shares of Accenture in a report on Wednesday, November 8th. They set a “buy” rating and a $165.00 target price on the stock. Finally, Morgan Stanley upgraded shares of Accenture from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $159.00 to $140.00 in a research report on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $156.57.
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, beating the Zacks’ consensus estimate of $1.67 by $0.12. The firm 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%. Accenture’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 EPS. sell-side analysts expect that Accenture Plc will post 6.65 earnings per share for the current year.
In related news, insider Richard Lumb sold 2,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $155.34, for a total value of $310,680.00. Following the completion of the transaction, the insider now owns 121,041 shares in the company, valued at approximately $18,802,508.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gianfranco Casati sold 5,000 shares of the 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 completion of the transaction, the insider now owns 46,202 shares of the company’s stock, valued at approximately $7,065,209.84. The disclosure for this sale can be found here. Insiders sold a total of 117,249 shares of company stock valued at $18,106,228 in the last quarter. 0.21% of the stock is currently owned by insiders.
Accenture 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.
Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.