Colonial Trust Advisors trimmed its position in shares of Accenture Plc (NYSE:ACN) by 26.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,734 shares of the information technology services provider’s stock after selling 12,395 shares during the quarter. Colonial Trust Advisors’ holdings in Accenture were worth $5,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Deutsche Bank AG boosted its holdings in Accenture by 34.3% during the 4th quarter. Deutsche Bank AG now owns 1,453,595 shares of the information technology services provider’s stock worth $222,522,000 after acquiring an additional 370,895 shares during the last quarter. Wealthfront Inc. boosted its holdings in Accenture by 9.6% during the 4th quarter. Wealthfront Inc. now owns 23,247 shares of the information technology services provider’s stock worth $3,559,000 after acquiring an additional 2,043 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Accenture by 2.6% during the 4th quarter. Lazard Asset Management LLC now owns 4,338,133 shares of the information technology services provider’s stock worth $664,123,000 after acquiring an additional 109,935 shares during the last quarter. Ironvine Capital Partners LLC purchased a new position in Accenture during the 4th quarter worth $2,040,000. Finally, Brookstone Capital Management boosted its holdings in Accenture by 25.3% during the 4th quarter. Brookstone Capital Management now owns 3,521 shares of the information technology services provider’s stock worth $539,000 after acquiring an additional 711 shares during the last quarter. 73.99% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Jean-Marc Ollagnier sold 1,637 shares of the company’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $150.87, for a total transaction of $246,974.19. Following the sale, the insider now directly owns 186,112 shares in the company, valued at $28,078,717.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Richard Lumb sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $156.10, for a total value of $312,200.00. Following the sale, the insider now owns 120,025 shares in the company, valued at $18,735,902.50. The disclosure for this sale can be found here. Insiders sold a total of 53,828 shares of company stock worth $8,145,630 over the last 90 days. 0.21% of the stock is currently owned by company insiders.
A number of equities analysts have issued reports on the stock. Pivotal Research set a $180.00 price objective on shares of Accenture and gave the stock a “buy” rating in a report on Friday, May 11th. Wedbush reiterated an “outperform” rating and set a $180.00 target price (up from $165.00) on shares of Accenture in a research note on Tuesday, March 20th. Robert W. Baird lifted their target price on Accenture from $162.00 to $165.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 20th. Cantor Fitzgerald reiterated a “buy” rating and set a $180.00 target price on shares of Accenture in a research note on Wednesday, April 25th. Finally, ValuEngine upgraded Accenture from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $161.20.
Shares of Accenture opened at $156.94 on Tuesday, Marketbeat.com reports. Accenture Plc has a 52-week low of $119.10 and a 52-week high of $165.58. The stock has a market capitalization of $98.67 billion, a P/E ratio of 24.38, a PEG ratio of 2.32 and a beta of 1.03.
Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, March 22nd. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.09. Accenture had a return on equity of 41.50% and a net margin of 9.18%. The business had revenue of $9.59 billion for the quarter, compared to analysts’ expectations of $9.31 billion. During the same period in the previous year, the business posted $1.33 EPS. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. equities analysts anticipate that Accenture Plc will post 6.69 earnings per share for the current fiscal year.
Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.
Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture Plc (NYSE:ACN).
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.