Accenture Plc (ACN) Holdings Increased by California Public Employees Retirement System

California Public Employees Retirement System grew its stake in shares of Accenture Plc (NYSE:ACN) by 2.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,675,018 shares of the information technology services provider’s stock after acquiring an additional 40,637 shares during the period. California Public Employees Retirement System’s holdings in Accenture were worth $256,429,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Peapack Gladstone Financial Corp raised its position in shares of Accenture by 2.9% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 4,014 shares of the information technology services provider’s stock worth $496,000 after buying an additional 113 shares in the last quarter. Nicholas Hoffman & Company LLC. raised its holdings in shares of Accenture by 0.9% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 12,653 shares of the information technology services provider’s stock worth $1,565,000 after purchasing an additional 117 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of Accenture by 5.2% in the 2nd quarter. Arete Wealth Advisors LLC now owns 2,371 shares of the information technology services provider’s stock worth $293,000 after purchasing an additional 117 shares in the last quarter. Ropes Wealth Advisors LLC raised its holdings in shares of Accenture by 10.1% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,555 shares of the information technology services provider’s stock worth $192,000 after purchasing an additional 143 shares in the last quarter. Finally, Monetary Management Group Inc. raised its holdings in shares of Accenture by 10.0% in the 2nd quarter. Monetary Management Group Inc. now owns 1,650 shares of the information technology services provider’s stock worth $204,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 75.60% of the company’s stock.

In related news, CAO Richard P. Clark sold 1,433 shares of the business’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 transaction of $226,944.21. Following the transaction, the chief accounting officer now directly owns 8,932 shares of the company’s stock, valued at $1,414,560.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Rowland sold 3,102 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $161.21, for a total transaction of $500,073.42. Following the transaction, the chief financial officer now directly owns 25,012 shares in the company, valued at $4,032,184.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,249 shares of company stock worth $9,312,348. 0.21% of the stock is currently owned by insiders.

A number of analysts recently commented on the stock. KeyCorp boosted their target price on shares of Accenture from $157.00 to $172.00 and gave the stock an “overweight” rating in a report on Saturday, December 30th. SunTrust Banks reiterated a “hold” rating and issued a $164.00 target price on shares of Accenture in a report on Thursday, December 21st. Barclays boosted their target price on shares of Accenture from $135.00 to $152.00 and gave the stock an “equal weight” rating in a report on Friday, December 22nd. Cowen reiterated a “buy” rating and issued a $166.00 target price on shares of Accenture in a report on Friday, December 22nd. Finally, Susquehanna Bancshares reiterated a “hold” rating and issued a $145.00 target price on shares of Accenture in a report on Tuesday, December 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the stock. Accenture presently has a consensus rating of “Hold” and a consensus price target of $156.57.

Accenture Plc (ACN) opened at $150.51 on Friday. The firm has a market cap of $98,563.38, a P/E ratio of 25.35, a PEG ratio of 2.33 and a beta of 1.05. Accenture Plc has a 1 year low of $114.82 and a 1 year high of $162.60.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.12. The business had revenue of $9.52 billion for the quarter, compared to the consensus estimate of $9.25 billion. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $1.58 earnings per share. sell-side analysts anticipate that Accenture Plc will post 6.65 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Accenture Plc (ACN) Holdings Increased by California Public Employees Retirement System” was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.com-unik.info/2018/02/09/accenture-plc-acn-holdings-increased-by-california-public-employees-retirement-system.html.

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.

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