Accenture Plc (ACN) Shares Bought by Sigma Planning Corp
Sigma Planning Corp boosted its holdings in Accenture Plc (NYSE:ACN) by 50.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,296 shares of the information technology services provider’s stock after acquiring an additional 1,778 shares during the quarter. Sigma Planning Corp’s holdings in Accenture were worth $811,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in ACN. Jacobi Capital Management LLC boosted its stake in Accenture by 104.8% in the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 372 shares in the last quarter. Americafirst Capital Management LLC acquired a new stake in Accenture in the third quarter valued at about $187,000. Ropes Wealth Advisors LLC boosted its stake in Accenture by 10.1% in 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 in the last quarter. Monroe Bank & Trust MI boosted its stake in Accenture by 27.8% in the third quarter. Monroe Bank & Trust MI now owns 1,646 shares of the information technology services provider’s stock valued at $193,000 after buying an additional 358 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Accenture by 54.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,608 shares of the information technology services provider’s stock valued at $199,000 after buying an additional 570 shares in the last quarter. 75.63% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider ‘T Noordende Alexander M. Van sold 6,500 shares of the firm’s stock in a transaction dated Monday, January 1st. The stock was sold at an average price of $153.48, for a total transaction of $997,620.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Richard P. Clark sold 1,433 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $158.37, for a total value of $226,944.21. Following the transaction, the chief accounting officer now owns 8,932 shares of the company’s stock, valued at $1,414,560.84. The disclosure for this sale can be found here. Insiders have sold 117,249 shares of company stock valued at $18,106,228 over the last 90 days. 0.21% of the stock is owned by corporate insiders.
Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The company had revenue of $9.52 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period last year, the company earned $1.58 earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. equities analysts forecast that Accenture Plc will post 6.65 EPS for the current fiscal year.
Several analysts recently weighed in on ACN shares. Cowen set a $150.00 price objective on Accenture and gave the company a “buy” rating in a research note on Monday, October 23rd. KeyCorp reissued a “buy” rating and set a $149.00 price target on shares of Accenture in a research note on Sunday, October 29th. Stifel Nicolaus reissued a “buy” rating and set a $150.00 price target on shares of Accenture in a research note on Friday, November 3rd. Pivotal Research began coverage on Accenture in a research note on Wednesday, November 8th. They set a “buy” rating and a $165.00 price target on the stock. Finally, Evercore ISI lifted their price target on Accenture from $148.00 to $162.00 and gave the company a “reduce” rating in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. Accenture presently has an average rating of “Hold” and a consensus price target of $156.57.
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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