Krueger & Catalano Capital Partners LLC acquired a new stake in Accenture Plc (NYSE:ACN) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 17,800 shares of the information technology services provider’s stock, valued at approximately $2,725,000. Accenture accounts for 2.3% of Krueger & Catalano Capital Partners LLC’s portfolio, making the stock its 6th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Peapack Gladstone Financial Corp increased its position in shares of Accenture by 2.9% during the second quarter. Peapack Gladstone Financial Corp now owns 4,014 shares of the information technology services provider’s stock valued at $496,000 after buying an additional 113 shares during the period. Nicholas Hoffman & Company LLC. increased its position in shares of Accenture by 0.9% during the second quarter. Nicholas Hoffman & Company LLC. now owns 12,653 shares of the information technology services provider’s stock valued at $1,565,000 after buying an additional 117 shares during the period. Arete Wealth Advisors LLC increased its position in shares of Accenture by 5.2% during the second quarter. Arete Wealth Advisors LLC now owns 2,371 shares of the information technology services provider’s stock valued at $293,000 after buying an additional 117 shares during the period. Ropes Wealth Advisors LLC increased its position in shares of Accenture by 10.1% during the second quarter. Ropes Wealth Advisors LLC now owns 1,555 shares of the information technology services provider’s stock valued at $192,000 after buying an additional 143 shares during the period. Finally, Monetary Management Group Inc. increased its position in shares of Accenture by 10.0% during the second quarter. Monetary Management Group Inc. now owns 1,650 shares of the information technology services provider’s stock valued at $204,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 75.63% of the company’s stock.

ACN has been the topic of several analyst reports. Cowen set a $150.00 price target on Accenture and gave the company a “buy” rating in a research report on Monday, October 23rd. Susquehanna Bancshares reiterated a “hold” rating and set a $145.00 price target on shares of Accenture in a research report on Tuesday, December 26th. Pivotal Research set a $180.00 price target on Accenture and gave the company a “buy” rating in a research report on Thursday, December 28th. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Tuesday, November 28th. Finally, Bank of America upped their price target on Accenture from $150.00 to $171.00 in a research report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. Accenture presently has a consensus rating of “Hold” and an average target price of $156.57.

Accenture Plc (NYSE:ACN) opened at $153.84 on Monday. The firm has a market cap of $97,731.16, a P/E ratio of 25.14, a P/E/G ratio of 2.31 and a beta of 1.05. Accenture Plc has a 52-week low of $114.82 and a 52-week high of $162.60.

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

In other Accenture news, CEO Pierre Nanterme sold 34,232 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $152.94, for a total value of $5,235,442.08. Following the completion of the sale, the chief executive officer now owns 262,490 shares of the company’s stock, valued at $40,145,220.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Gianfranco Casati sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $152.92, for a total value of $764,600.00. Following the completion of the sale, the insider now directly owns 46,202 shares of the company’s stock, valued at approximately $7,065,209.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,249 shares of company stock valued at $17,795,548. 0.21% of the stock is owned by insiders.

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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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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