Epoch Investment Partners Inc. boosted its stake in shares of Accenture Plc (NYSE:ACN) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,962 shares of the information technology services provider’s stock after purchasing an additional 1,234 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Accenture were worth $6,763,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the business. Fort L.P. boosted its position in Accenture by 81.4% during the fourth quarter. Fort L.P. now owns 10,250 shares of the information technology services provider’s stock worth $1,445,000 after purchasing an additional 4,598 shares during the period. Vivaldi Capital Management LLC bought a new position in Accenture during the fourth quarter worth $321,000. Stifel Financial Corp boosted its position in Accenture by 0.7% during the fourth quarter. Stifel Financial Corp now owns 850,901 shares of the information technology services provider’s stock worth $120,063,000 after purchasing an additional 5,519 shares during the period. Gideon Capital Advisors Inc. bought a new position in Accenture during the fourth quarter worth $602,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Accenture by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,077,488 shares of the information technology services provider’s stock valued at $292,943,000 after acquiring an additional 61,798 shares during the period. 70.14% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Pierre Nanterme sold 37,846 shares of the company’s stock in a transaction dated Monday, December 24th. The shares were sold at an average price of $135.16, for a total transaction of $5,115,265.36. Following the completion of the sale, the chief executive officer now owns 368,212 shares of the company’s stock, valued at $49,767,533.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Rowland sold 2,883 shares of the company’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $151.75, for a total transaction of $437,495.25. Following the sale, the chief executive officer now directly owns 27,367 shares of the company’s stock, valued at approximately $4,152,942.25. The disclosure for this sale can be found here. Insiders have sold 61,033 shares of company stock valued at $8,466,177 in the last ninety days. 0.18% of the stock is currently owned by company insiders.
Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 20th. The information technology services provider reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.12. Accenture had a net margin of 9.99% and a return on equity of 40.31%. The business had revenue of $10.61 billion during the quarter, compared to analysts’ expectations of $10.54 billion. During the same quarter in the prior year, the business posted $1.79 earnings per share. Accenture’s revenue was up 7.3% compared to the same quarter last year. On average, analysts expect that Accenture Plc will post 7.2 EPS for the current fiscal year.
A number of brokerages have recently issued reports on ACN. Zacks Investment Research raised shares of Accenture from a “sell” rating to a “hold” rating in a research report on Tuesday, December 4th. Cantor Fitzgerald reissued a “buy” rating and issued a $193.00 target price on shares of Accenture in a research report on Thursday, December 13th. KeyCorp reduced their target price on shares of Accenture from $186.00 to $182.00 and set an “overweight” rating for the company in a research report on Wednesday, December 19th. Citigroup reduced their target price on shares of Accenture from $172.00 to $161.00 and set a “neutral” rating for the company in a research report on Wednesday, December 19th. Finally, Robert W. Baird reduced their target price on shares of Accenture from $176.00 to $156.00 and set a “neutral” rating for the company in a research report on Friday, December 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $173.84.
Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.
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