Oppenheimer & Co. Inc. lessened its stake in shares of Accenture Plc (NYSE:ACN) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,512 shares of the information technology services provider’s stock after selling 1,092 shares during the period. Oppenheimer & Co. Inc.’s holdings in Accenture were worth $10,029,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of ACN. Eagle Ridge Investment Management acquired a new stake in shares of Accenture in the 3rd quarter valued at $359,000. Atlanta Capital Management Co. L L C boosted its holdings in shares of Accenture by 4.6% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 580,977 shares of the information technology services provider’s stock valued at $78,472,000 after purchasing an additional 25,671 shares in the last quarter. Koch Industries Inc. boosted its holdings in shares of Accenture by 18,227.9% in the 2nd quarter. Koch Industries Inc. now owns 329,903 shares of the information technology services provider’s stock valued at $327,000 after purchasing an additional 328,103 shares in the last quarter. Lenox Wealth Management Inc. acquired a new stake in shares of Accenture in the 2nd quarter valued at $1,591,000. Finally, MU Investments Co. Ltd. acquired a new stake in shares of Accenture in the 4th quarter valued at $5,654,000. Hedge funds and other institutional investors own 75.60% of the company’s stock.
A number of brokerages have weighed in on ACN. KeyCorp raised their target price on Accenture from $157.00 to $172.00 and gave the company an “overweight” rating in a report on Saturday, December 30th. SunTrust Banks reaffirmed a “hold” rating and issued a $164.00 target price on shares of Accenture in a report on Thursday, December 21st. Barclays raised their target price on Accenture from $135.00 to $152.00 and gave the company an “equal weight” rating in a report on Friday, December 22nd. Cowen reaffirmed a “buy” rating and issued a $166.00 target price on shares of Accenture in a report on Friday, December 22nd. Finally, Susquehanna Bancshares reaffirmed a “hold” rating and issued a $145.00 target price on shares of Accenture in a report on Tuesday, December 26th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $156.57.
Shares of Accenture Plc (NYSE ACN) opened at $153.84 on Friday. Accenture Plc has a twelve month low of $114.82 and a twelve month high of $162.60. The firm has a market capitalization of $95,615.69, a price-to-earnings ratio of 27.23, a P/E/G ratio of 2.26 and a beta of 1.05.
Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, beating the Thomson Reuters’ 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 last year, the business posted $1.58 EPS. Accenture’s revenue for the quarter was up 11.8% on a year-over-year basis. equities research analysts anticipate that Accenture Plc will post 6.65 earnings per share 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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