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.
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.
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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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