Accenture Plc (ACN) Shares Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. increased its stake in shares of Accenture Plc (NYSE:ACN) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,881 shares of the information technology services provider’s stock after buying an additional 1,415 shares during the period. Bridges Investment Management Inc.’s holdings in Accenture were worth $4,115,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Peapack Gladstone Financial Corp increased its holdings in Accenture by 2.9% during the second quarter. Peapack Gladstone Financial Corp now owns 4,014 shares of the information technology services provider’s stock worth $496,000 after buying an additional 113 shares during the last quarter. Arete Wealth Advisors LLC increased its stake in shares of Accenture by 5.2% in the second quarter. Arete Wealth Advisors LLC now owns 2,371 shares of the information technology services provider’s stock worth $293,000 after purchasing an additional 117 shares in the last quarter. Nicholas Hoffman & Company LLC. increased its stake in shares of Accenture by 0.9% in the second quarter. Nicholas Hoffman & Company LLC. now owns 12,653 shares of the information technology services provider’s stock worth $1,565,000 after purchasing an additional 117 shares in the last quarter. Monetary Management Group Inc. increased its stake in shares of Accenture by 10.0% in the second quarter. Monetary Management Group Inc. now owns 1,650 shares of the information technology services provider’s stock worth $204,000 after purchasing an additional 150 shares in the last quarter. Finally, Stellar Capital Management LLC increased its stake in shares of Accenture by 1.1% in the second quarter. Stellar Capital Management LLC now owns 20,320 shares of the information technology services provider’s stock worth $2,513,000 after purchasing an additional 225 shares in the last quarter. Institutional investors and hedge funds own 75.63% of the company’s stock.

In other Accenture news, insider Gianfranco Casati sold 5,000 shares of Accenture stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 46,202 shares in the company, valued at $7,065,209.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Pierre Nanterme sold 34,232 shares of Accenture stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $152.94, for a total transaction of $5,235,442.08. Following the sale, the chief executive officer now owns 262,490 shares of the company’s stock, valued at $40,145,220.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,249 shares of company stock valued at $18,106,228. 0.21% of the stock is currently owned by company insiders.

Several equities analysts have recently weighed in on the stock. Pivotal Research lifted their target price on shares of Accenture from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, December 22nd. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $172.00 target price for the company in a research note on Wednesday, December 27th. Morgan Stanley upgraded shares of Accenture from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $159.00 to $140.00 in a research note on Monday, February 5th. Cowen reiterated a “buy” rating and issued a $165.00 target price on shares of Accenture in a research note on Thursday, December 14th. Finally, Credit Suisse Group set a $165.00 target price on shares of Accenture and gave the stock a “hold” rating in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $156.57.

Accenture Plc (ACN) opened at $162.66 on Friday. Accenture Plc has a 1 year low of $114.82 and a 1 year high of $163.60. The company has a market cap of $104,280.00, a P/E ratio of 28.84, a PEG ratio of 2.42 and a beta of 1.05.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.12. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The company had revenue of $9.52 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same period last year, the business earned $1.58 earnings per share. Accenture’s revenue was up 11.8% compared to the same quarter last year. equities analysts forecast that Accenture Plc will post 6.65 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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