SeaCrest Wealth Management LLC bought a new position in shares of Accenture Plc (NYSE:ACN) in the 4th quarter, Holdings Channel reports. The fund bought 2,089 shares of the information technology services provider’s stock, valued at approximately $320,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Jacobi Capital Management LLC increased its stake in shares of Accenture by 104.8% in the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 372 shares during the period. TCI Wealth Advisors Inc. increased its stake in shares of Accenture by 23.4% in the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after buying an additional 162 shares during the period. Captrust Financial Advisors acquired a new position in shares of Accenture in the second quarter valued at approximately $129,000. Americafirst Capital Management LLC acquired a new position in shares of Accenture in the third quarter valued at approximately $187,000. Finally, Ropes Wealth Advisors LLC increased its stake in shares of Accenture by 10.1% in the second quarter. Ropes Wealth Advisors LLC now owns 1,555 shares of the information technology services provider’s stock valued at $192,000 after buying an additional 143 shares during the period. 75.60% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on the company. Pivotal Research set a $180.00 price objective on Accenture and gave the company a “buy” rating in a research note on Tuesday, January 16th. Cowen reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Accenture in a research note on Friday, January 12th. Morgan Stanley raised Accenture from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $159.00 to $140.00 in a research note on Monday. Citigroup reaffirmed a “hold” rating and issued a $159.00 price objective on shares of Accenture in a research note on Friday, December 22nd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 price objective (up previously from $151.00) on shares of Accenture in a research note on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have given a buy rating to the company. Accenture presently has an average rating of “Hold” and a consensus price target of $156.57.
Accenture Plc (NYSE ACN) opened at $150.51 on Friday. The stock has a market capitalization of $98,563.38, a P/E ratio of 26.64, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05. Accenture Plc has a twelve month low of $114.82 and a twelve month high of $162.60.
Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.12. The firm had revenue of $9.52 billion for the quarter, compared to analysts’ expectations of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.58 EPS. equities analysts forecast that Accenture Plc will post 6.65 EPS for the current year.
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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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