Signaturefd LLC Has $169,000 Position in Accenture PLC (ACN)
Signaturefd LLC boosted its position in Accenture PLC (NYSE:ACN) by 5.7% during the second quarter, Holdings Channel reports. The institutional investor owned 1,491 shares of the company’s stock after buying an additional 80 shares during the period. Signaturefd LLC’s holdings in Accenture PLC were worth $169,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Cribstone Capital Management LLC purchased a new stake in Accenture PLC during the second quarter worth about $104,000. City Holding Co. increased its stake in Accenture PLC by 8.4% in the second quarter. City Holding Co. now owns 1,221 shares of the company’s stock worth $138,000 after buying an additional 95 shares in the last quarter. Joel Isaacson & Co. LLC increased its stake in Accenture PLC by 18.0% in the second quarter. Joel Isaacson & Co. LLC now owns 1,215 shares of the company’s stock worth $138,000 after buying an additional 185 shares in the last quarter. Ropes Wealth Advisors LLC increased its stake in Accenture PLC by 53.3% in the first quarter. Ropes Wealth Advisors LLC now owns 1,420 shares of the company’s stock worth $164,000 after buying an additional 494 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in Accenture PLC by 89.3% in the first quarter. Loomis Sayles & Co. L P now owns 1,662 shares of the company’s stock worth $192,000 after buying an additional 784 shares in the last quarter. 77.18% of the stock is owned by institutional investors and hedge funds.
Accenture PLC (NYSE:ACN) traded up 0.18% during mid-day trading on Friday, hitting $118.32. The company had a trading volume of 1,892,017 shares. The company has a 50 day moving average of $115.00 and a 200 day moving average of $115.12. Accenture PLC has a 1-year low of $91.40 and a 1-year high of $124.96. The firm has a market capitalization of $73.66 billion, a PE ratio of 18.34 and a beta of 1.25.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 29th. The company reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. Accenture PLC had a net margin of 12.00% and a return on equity of 47.07%. The firm earned $8.49 billion during the quarter. During the same period in the previous year, the business posted $1.15 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. Analysts predict that Accenture PLC will post $5.93 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on ACN shares. Cantor Fitzgerald lifted their price target on Accenture PLC from $132.00 to $139.00 and gave the company a “buy” rating in a research report on Monday, October 3rd. Barclays PLC lifted their price target on Accenture PLC from $110.00 to $112.00 and gave the company an “equal weight” rating in a research report on Thursday, July 7th. BMO Capital Markets reiterated a “hold” rating on shares of Accenture PLC in a research report on Thursday, June 30th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Accenture PLC in a research report on Tuesday, July 19th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $112.00 price target (up from $104.00) on shares of Accenture PLC in a research report on Wednesday, June 22nd. Ten analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $125.32.
In other Accenture PLC news, insider Daniel T. London sold 3,686 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $115.57, for a total value of $425,991.02. Following the completion of the sale, the insider now owns 26,023 shares of the company’s stock, valued at $3,007,478.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Pierre Nanterme sold 44,625 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $118.04, for a total transaction of $5,267,535.00. Following the completion of the sale, the chief executive officer now directly owns 162,615 shares of the company’s stock, valued at approximately $19,195,074.60. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by corporate insiders.
About Accenture PLC
Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.
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