Alpha Omega Wealth Management LLC lessened its stake in shares of Accenture Plc (NYSE:ACN) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,442 shares of the information technology services provider’s stock after selling 537 shares during the period. Accenture comprises about 1.9% of Alpha Omega Wealth Management LLC’s portfolio, making the stock its 13th largest holding. Alpha Omega Wealth Management LLC’s holdings in Accenture were worth $3,895,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Jacobi Capital Management LLC lifted its position in shares of Accenture by 104.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after acquiring an additional 372 shares during the last quarter. TCI Wealth Advisors Inc. lifted its position in shares of Accenture by 23.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after acquiring an additional 162 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Accenture during the 2nd quarter valued at $129,000. Calton & Associates Inc. acquired a new stake in shares of Accenture during the 4th quarter valued at $209,000. Finally, Capital Investment Advisors LLC purchased a new stake in shares of Accenture in the fourth quarter valued at $201,000. Institutional investors own 75.60% of the company’s stock.

Accenture Plc (NYSE ACN) opened at $150.51 on Friday. Accenture Plc has a one year low of $114.82 and a one year high of $162.60. The firm has a market cap of $96,490.00, a price-to-earnings ratio of 26.69, a PEG ratio of 2.33 and a beta of 1.05.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.12. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The business had revenue of $9.52 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same period in the prior year, the business posted $1.58 earnings per share. Accenture’s revenue for the quarter was up 11.8% compared to the same quarter last year. equities research analysts predict that Accenture Plc will post 6.65 EPS for the current fiscal year.

A number of research firms have recently issued reports on ACN. Morgan Stanley upgraded Accenture from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $159.00 to $140.00 in a report on Monday. Pivotal Research set a $180.00 target price on Accenture and gave the company a “buy” rating in a report on Tuesday, January 16th. Cowen restated a “buy” rating and issued a $175.00 target price on shares of Accenture in a report on Friday, January 12th. Credit Suisse Group set a $165.00 target price on Accenture and gave the company a “hold” rating in a report on Tuesday, January 2nd. Finally, KeyCorp increased 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. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $156.57.

In other news, CEO Pierre Nanterme sold 34,232 shares of the company’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $152.94, for a total value of $5,235,442.08. Following the transaction, the chief executive officer now directly owns 262,490 shares of the company’s stock, valued at $40,145,220.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Richard P. Clark sold 1,853 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $157.87, for a total transaction of $292,533.11. The disclosure for this sale can be found here. Insiders sold 60,249 shares of company stock worth $9,312,348 over the last ninety days. 0.21% of the stock is currently owned by company insiders.

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Accenture 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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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