Mosaic Family Wealth LLC grew its stake in shares of Accenture Plc (NYSE:ACN) by 60.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,302 shares of the information technology services provider’s stock after purchasing an additional 493 shares during the period. Mosaic Family Wealth LLC’s holdings in Accenture were worth $199,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Foster & Motley Inc. grew its holdings in shares of Accenture by 0.8% in the fourth quarter. Foster & Motley Inc. now owns 39,904 shares of the information technology services provider’s stock valued at $6,109,000 after acquiring an additional 318 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of Accenture by 11.2% in the fourth quarter. Park Avenue Securities LLC now owns 3,251 shares of the information technology services provider’s stock valued at $500,000 after acquiring an additional 327 shares in the last quarter. Monroe Bank & Trust MI grew its holdings in shares of Accenture by 27.8% in the third quarter. Monroe Bank & Trust MI now owns 1,646 shares of the information technology services provider’s stock valued at $193,000 after acquiring an additional 358 shares in the last quarter. Capital Analysts LLC grew its holdings in shares of Accenture by 4.9% in the fourth quarter. Capital Analysts LLC now owns 7,937 shares of the information technology services provider’s stock valued at $1,215,000 after acquiring an additional 368 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its holdings in shares of Accenture by 104.8% in the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after acquiring an additional 372 shares in the last quarter. 75.58% of the stock is owned by hedge funds and other institutional investors.
Accenture Plc (NYSE:ACN) traded down $1.49 during trading hours on Wednesday, hitting $161.00. The company’s stock had a trading volume of 2,214,813 shares, compared to its average volume of 2,390,000. The stock has a market capitalization of $103,460.00, a P/E ratio of 28.55, a P/E/G ratio of 2.43 and a beta of 1.01. Accenture Plc has a 12-month low of $114.82 and a 12-month high of $165.58.
Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.12. The firm had revenue of $9.52 billion for the quarter, compared to the consensus estimate of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.58 earnings per share. research analysts expect that Accenture Plc will post 6.65 earnings per share for the current year.
In related news, CFO David Rowland sold 3,102 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $161.21, for a total value of $500,073.42. Following the sale, the chief financial officer now owns 25,012 shares in the company, valued at $4,032,184.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard Lumb sold 2,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $155.34, for a total value of $310,680.00. Following the completion of the sale, the insider now owns 121,041 shares in the company, valued at approximately $18,802,508.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,249 shares of company stock worth $18,106,228. Company insiders own 0.21% of the company’s stock.
Several research firms have recently issued reports on ACN. Pivotal Research set a $180.00 target price on Accenture and gave the company a “buy” rating in a report on Wednesday, March 7th. Morgan Stanley raised Accenture from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $159.00 to $140.00 in a report on Monday, February 5th. Cowen reissued a “buy” rating and set a $175.00 price objective on shares of Accenture in a report on Friday, January 12th. Credit Suisse Group set a $165.00 price objective on Accenture and gave the company a “hold” rating in a report on Tuesday, January 2nd. Finally, KeyCorp increased their price objective on Accenture from $157.00 to $172.00 and gave the company an “overweight” rating in a report on Saturday, December 30th. Two equities 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 stock. The stock presently has an average rating of “Hold” and a consensus price target of $156.57.
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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