Acropolis Investment Management LLC Has $1.25 Million Stake in Accenture Plc (ACN)

Acropolis Investment Management LLC decreased its stake in Accenture Plc (NYSE:ACN) by 84.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,177 shares of the information technology services provider’s stock after selling 44,126 shares during the period. Acropolis Investment Management LLC’s holdings in Accenture were worth $1,252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ACN. Beach Investment Management LLC. boosted its position in shares of Accenture by 1,024.2% in the second quarter. Beach Investment Management LLC. now owns 36,537 shares of the information technology services provider’s stock worth $4,519,000 after buying an additional 33,287 shares during the period. Smith Asset Management Group LP boosted its position in shares of Accenture by 169.5% in the second quarter. Smith Asset Management Group LP now owns 4,360 shares of the information technology services provider’s stock worth $539,000 after buying an additional 2,742 shares during the period. Cumberland Partners Ltd boosted its position in shares of Accenture by 0.8% in the second quarter. Cumberland Partners Ltd now owns 114,410 shares of the information technology services provider’s stock worth $14,150,000 after buying an additional 910 shares during the period. Rhumbline Advisers boosted its position in shares of Accenture by 0.9% in the second quarter. Rhumbline Advisers now owns 1,034,417 shares of the information technology services provider’s stock worth $127,937,000 after buying an additional 9,183 shares during the period. Finally, Sigma Planning Corp boosted its position in shares of Accenture by 12.6% in the second quarter. Sigma Planning Corp now owns 3,502 shares of the information technology services provider’s stock worth $433,000 after buying an additional 392 shares during the period. 75.23% of the stock is owned by institutional investors.

In other Accenture news, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $138.94, for a total transaction of $305,668.00. Following the sale, the insider now owns 117,151 shares in the company, valued at $16,276,959.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Richard P. Clark sold 1,433 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $158.37, for a total value of $226,944.21. Following the sale, the chief accounting officer now owns 8,932 shares in the company, valued at approximately $1,414,560.84. The disclosure for this sale can be found here. Insiders have sold 82,116 shares of company stock worth $12,211,924 in the last 90 days. 0.21% of the stock is currently owned by insiders.

Several equities research analysts have recently weighed in on ACN shares. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research report on Thursday, September 14th. Cowen reaffirmed a “buy” rating and issued a $150.00 target price (up previously from $135.00) on shares of Accenture in a research report on Tuesday, September 19th. Berenberg Bank reiterated a “buy” rating and issued a $160.00 price target on shares of Accenture in a research note on Thursday, September 21st. KeyCorp reiterated a “buy” rating and issued a $135.00 price target on shares of Accenture in a research note on Friday, September 22nd. Finally, Morgan Stanley boosted their price target on Accenture from $132.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $156.17.

Shares of Accenture Plc (ACN) traded up $0.21 during midday trading on Thursday, reaching $159.11. The company’s stock had a trading volume of 1,809,360 shares, compared to its average volume of 2,120,000. Accenture Plc has a 12-month low of $112.31 and a 12-month high of $159.49. The firm has a market capitalization of $102,000.00, a PE ratio of 28.21, a P/E/G ratio of 2.38 and a beta of 1.08.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The firm had revenue of $9.52 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the prior year, the firm posted $1.58 earnings per share. Accenture’s revenue for the quarter was up 11.8% compared to the same quarter last year. equities research analysts expect that Accenture Plc will post 6.64 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://www.com-unik.info/2018/01/11/acropolis-investment-management-llc-has-1-25-million-stake-in-accenture-plc-acn.html.

Accenture 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.

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).

Institutional Ownership by Quarter for Accenture (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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit