41,006 Shares in Accenture Plc (ACN) Acquired by Kiwi Wealth Investments Limited Partnership

Kiwi Wealth Investments Limited Partnership acquired a new stake in shares of Accenture Plc (NYSE:ACN) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 41,006 shares of the information technology services provider’s stock, valued at approximately $6,294,000.

Other hedge funds have also recently made changes to their positions in the company. Farmers National Bank bought a new stake in shares of Accenture during the 4th quarter valued at $107,000. Penserra Capital Management LLC bought a new stake in shares of Accenture during the 1st quarter valued at $127,000. Virtue Capital Management LLC bought a new stake in shares of Accenture during the 4th quarter valued at $128,000. Aevitas Wealth Management Inc. bought a new stake in shares of Accenture during the 4th quarter valued at $131,000. Finally, Well Done LLC bought a new stake in shares of Accenture during the 1st quarter valued at $161,000. Hedge funds and other institutional investors own 73.81% of the company’s stock.

In other Accenture news, CEO Pierre Nanterme sold 36,858 shares of Accenture stock in a transaction on Monday, March 26th. The shares were sold at an average price of $150.80, for a total value of $5,558,186.40. Following the completion of the transaction, the chief executive officer now directly owns 357,405 shares of the company’s stock, valued at approximately $53,896,674. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $156.10, for a total transaction of $312,200.00. Following the completion of the transaction, the insider now directly owns 120,025 shares of the company’s stock, valued at $18,735,902.50. The disclosure for this sale can be found here. Insiders sold a total of 53,828 shares of company stock valued at $8,145,630 over the last three months. Corporate insiders own 0.21% of the company’s stock.

ACN has been the topic of several recent analyst reports. ValuEngine upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Pivotal Research set a $180.00 target price on shares of Accenture and gave the company a “buy” rating in a research note on Wednesday, March 14th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $180.00 target price on shares of Accenture in a research note on Wednesday, April 25th. Finally, Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a research note on Tuesday, May 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $161.37.

Shares of Accenture opened at $163.34 on Thursday, Marketbeat Ratings reports. Accenture Plc has a 52 week low of $119.10 and a 52 week high of $165.58. The firm has a market capitalization of $103.39 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 22nd. The information technology services provider reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. Accenture had a net margin of 9.18% and a return on equity of 41.50%. The business had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.31 billion. During the same period last year, the company posted $1.33 EPS. The business’s revenue was up 15.2% on a year-over-year basis. sell-side analysts anticipate that Accenture Plc will post 6.69 earnings per share for the current fiscal year.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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