SeaCrest Wealth Management LLC Invests $320,000 in Accenture Plc (ACN) Stock

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.

In other Accenture news, insider ‘T Noordende Alexander M. Van sold 6,500 shares of the stock in a transaction that occurred on Monday, January 1st. The stock was sold at an average price of $153.48, for a total transaction of $997,620.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Richard P. Clark sold 1,853 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $157.87, for a total value of $292,533.11. The disclosure for this sale can be found here. Insiders have sold a total of 60,249 shares of company stock worth $9,312,348 over the last 90 days. Company insiders own 0.21% of the company’s stock.

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.

WARNING: This piece of content was reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.com-unik.info/2018/02/09/seacrest-wealth-management-llc-invests-320000-in-accenture-plc-acn-stock.html.

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.

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