Bristol Advisors LLC Has $521,000 Position in Accenture Plc (ACN)

Bristol Advisors LLC reduced its stake in shares of Accenture Plc (NYSE:ACN) by 22.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,400 shares of the information technology services provider’s stock after selling 1,000 shares during the quarter. Bristol Advisors LLC’s holdings in Accenture were worth $521,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in ACN. Flagship Harbor Advisors LLC increased its holdings in Accenture by 0.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock worth $362,000 after purchasing an additional 12 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in Accenture by 0.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock worth $287,000 after purchasing an additional 20 shares during the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in Accenture by 1.4% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock worth $223,000 after purchasing an additional 24 shares during the last quarter. Manchester Capital Management LLC increased its holdings in Accenture by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 60 shares during the last quarter. Finally, MAI Capital Management increased its holdings in Accenture by 0.6% during the 2nd quarter. MAI Capital Management now owns 14,744 shares of the information technology services provider’s stock worth $1,824,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 75.23% of the company’s stock.

In other news, CAO Richard P. Clark sold 1,433 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was 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 of the company’s stock, valued at approximately $1,414,560.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $138.94, for a total value of $305,668.00. Following the completion of the sale, the insider now directly owns 117,151 shares in the company, valued at approximately $16,276,959.94. The disclosure for this sale can be found here. Insiders have sold a total of 82,116 shares of company stock valued at $12,211,924 in the last quarter. 0.21% of the stock is currently owned by insiders.

Shares of Accenture Plc (NYSE ACN) traded up $0.21 during mid-day trading on Friday, reaching $159.11. The company’s stock had a trading volume of 1,809,300 shares, compared to its average volume of 2,219,462. Accenture Plc has a one year low of $112.31 and a one year high of $159.49. The firm has a market cap of $102,640.00, a price-to-earnings ratio of 28.21, a PEG ratio of 2.38 and a beta of 1.08.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $9.52 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the previous year, the firm posted $1.58 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. research analysts expect that Accenture Plc will post 6.64 EPS for the current fiscal year.

ACN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a report on Thursday, September 14th. Deutsche Bank boosted their price target on Accenture to $165.00 in a report on Monday, December 11th. KeyCorp reiterated a “buy” rating and issued a $149.00 price target on shares of Accenture in a report on Sunday, October 29th. Pivotal Research initiated coverage on Accenture in a report on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price target for the company. Finally, Cowen set a $150.00 price target on Accenture and gave the company a “buy” rating in a report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $156.57.

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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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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