Accenture Plc (ACN) Shares Bought by Highstreet Asset Management Inc.

Highstreet Asset Management Inc. lifted its position in Accenture Plc (NYSE:ACN) by 79.6% during the fourth quarter, Holdings Channel reports. The fund owned 6,294 shares of the information technology services provider’s stock after acquiring an additional 2,790 shares during the period. Highstreet Asset Management Inc.’s holdings in Accenture were worth $964,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Jacobi Capital Management LLC lifted its position in Accenture by 104.8% during the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after buying an additional 372 shares in the last quarter. TCI Wealth Advisors Inc. lifted its position in Accenture by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after buying an additional 162 shares in the last quarter. Manchester Capital Management LLC lifted its position in Accenture by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after buying an additional 60 shares in the last quarter. Captrust Financial Advisors purchased a new position in Accenture during the second quarter worth approximately $129,000. Finally, Americafirst Capital Management LLC purchased a new position in Accenture during the third quarter worth approximately $187,000. 75.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Accenture Plc (ACN) opened at $160.46 on Friday. Accenture Plc has a 1 year low of $112.71 and a 1 year high of $162.60. The company has a market capitalization of $102,089.17 and a price-to-earnings ratio of 26.26.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the previous year, the business earned $1.58 earnings per share. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. analysts forecast that Accenture Plc will post 6.64 earnings per share for the current fiscal year.

A number of brokerages recently commented on ACN. Pivotal Research set a $180.00 price objective on Accenture and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Cowen reiterated a “buy” rating and set a $175.00 price objective on shares of Accenture in a research report on Friday, January 12th. Citigroup reiterated a “hold” rating and set a $159.00 price objective on shares of Accenture in a research report on Friday, December 22nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $180.00 price objective (up previously from $151.00) on shares of Accenture in a research report on Friday, December 22nd. Finally, Bank of America lifted their price objective on Accenture from $150.00 to $171.00 in a research report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $156.57.

In related news, CFO David Rowland sold 3,102 shares of the business’s 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 approximately $4,032,184.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Lumb sold 2,000 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $160.30, for a total value of $320,600.00. Following the completion of the sale, the insider now owns 123,863 shares in the company, valued at approximately $19,855,238.90. The disclosure for this sale can be found here. Insiders sold 58,396 shares of company stock worth $9,019,815 in the last 90 days. Company insiders own 0.21% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Accenture Plc (ACN) Shares Bought by Highstreet Asset Management Inc.” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another website, it was copied illegally and republished in violation of United States & international copyright & trademark law. The original version of this story can be accessed at https://www.com-unik.info/2018/02/02/accenture-plc-acn-shares-bought-by-highstreet-asset-management-inc.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