Cwm LLC lifted its position in shares of Accenture Plc (NYSE:ACN) by 1,496.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,355 shares of the information technology services provider’s stock after buying an additional 14,393 shares during the period. Cwm LLC’s holdings in Accenture were worth $2,165,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. We Are One Seven LLC bought a new stake in shares of Accenture during the 4th quarter worth approximately $56,000. Providence Capital Advisors LLC lifted its holdings in shares of Accenture by 2,784.6% during the 3rd quarter. Providence Capital Advisors LLC now owns 1,125 shares of the information technology services provider’s stock worth $191,000 after acquiring an additional 1,086 shares during the period. Paulson Wealth Management Inc. bought a new stake in shares of Accenture during the 3rd quarter worth approximately $204,000. Breiter Capital Management Inc. bought a new stake in shares of Accenture during the 3rd quarter worth approximately $205,000. Finally, Keating Investment Counselors Inc. bought a new stake in shares of Accenture during the 3rd quarter worth approximately $205,000. 70.54% of the stock is owned by institutional investors.

Several equities analysts recently commented on ACN shares. Argus reissued a “buy” rating on shares of Accenture in a research note on Monday, October 1st. SunTrust Banks increased their price objective on shares of Accenture to $178.00 and gave the company a “hold” rating in a research note on Monday, October 1st. Moffett Nathanson started coverage on shares of Accenture in a research note on Thursday, October 4th. They issued a “buy” rating and a $200.00 price objective for the company. Zacks Investment Research downgraded shares of Accenture from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $193.00 price objective on shares of Accenture in a research note on Thursday, December 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $173.84.

In other news, General Counsel Chad T. Jerdee sold 2,441 shares of the firm’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $140.00, for a total transaction of $341,740.00. Following the completion of the transaction, the general counsel now owns 11,775 shares of the company’s stock, valued at $1,648,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Rowland sold 2,883 shares of the firm’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $151.75, for a total transaction of $437,495.25. Following the transaction, 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 80,463 shares of company stock valued at $11,563,050 in the last ninety days. Insiders own 0.18% of the company’s stock.

ACN stock opened at $152.24 on Tuesday. The firm has a market cap of $100.87 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 2.04 and a beta of 1.10. Accenture Plc has a 52-week low of $132.63 and a 52-week high of $175.64.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 20th. The information technology services provider reported $1.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.12. The firm had revenue of $10.61 billion during the quarter, compared to the consensus estimate of $10.54 billion. Accenture had a net margin of 9.99% and a return on equity of 40.31%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.79 earnings per share. On average, sell-side analysts forecast that Accenture Plc will post 7.2 EPS for the current fiscal year.

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Accenture Company Profile

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.

Further Reading: What is intrinsic value?

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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