Reik & CO. LLC Purchases 575 Shares of Accenture Plc (ACN)

Reik & CO. LLC boosted its position in shares of Accenture Plc (NYSE:ACN) by 17.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,900 shares of the information technology services provider’s stock after purchasing an additional 575 shares during the quarter. Reik & CO. LLC’s holdings in Accenture were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Jacobi Capital Management LLC increased its stake in shares of Accenture by 104.8% in the 3rd 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 during the last quarter. TCI Wealth Advisors Inc. increased its stake in shares of Accenture by 23.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after acquiring an additional 162 shares during the last quarter. Manchester Capital Management LLC increased its stake in shares of Accenture by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after acquiring an additional 60 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Accenture in the 2nd quarter valued at about $129,000. Finally, Americafirst Capital Management LLC bought a new stake in shares of Accenture in the 3rd quarter valued at about $187,000. 75.42% of the stock is owned by hedge funds and other institutional investors.

In other Accenture news, insider Gianfranco Casati sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $152.92, for a total transaction of $764,600.00. Following the completion of the transaction, the insider now owns 46,202 shares of the company’s stock, valued at approximately $7,065,209.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David Rowland sold 3,102 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 25,012 shares of the company’s stock, valued at approximately $4,032,184.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,396 shares of company stock valued at $9,019,815. Insiders own 0.21% of the company’s stock.

Accenture Plc (NYSE:ACN) opened at $160.70 on Thursday. Accenture Plc has a 12-month low of $112.31 and a 12-month high of $162.60. The firm has a market capitalization of $103,020.00, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 2.40 and a beta of 1.08.

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

ACN has been the subject of a number of recent analyst reports. Cowen set a $150.00 price target on Accenture and gave the company a “buy” rating in a research note on Monday, October 23rd. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $145.00 price target on shares of Accenture in a research note on Tuesday, December 26th. Pivotal Research set a $180.00 price target on Accenture and gave the company a “buy” rating in a research note on Thursday, December 28th. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Tuesday, November 28th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $155.00 price target on shares of Accenture in a research note on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $156.57.

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About Accenture

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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