Fort L.P. raised its holdings in Accenture Plc (NYSE:ACN) by 81.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,250 shares of the information technology services provider’s stock after acquiring an additional 4,598 shares during the period. Fort L.P.’s holdings in Accenture were worth $1,445,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its holdings in shares of Accenture by 10,215.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,674,776 shares of the information technology services provider’s stock valued at $175,000 after buying an additional 24,435,584 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Accenture by 115,500.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,222,554 shares of the information technology services provider’s stock valued at $1,739,880,000 after buying an additional 10,213,711 shares in the last quarter. Capital World Investors raised its holdings in shares of Accenture by 1,454.7% during the 3rd quarter. Capital World Investors now owns 2,876,218 shares of the information technology services provider’s stock valued at $489,532,000 after buying an additional 2,691,218 shares in the last quarter. Nordea Investment Management AB purchased a new position in shares of Accenture during the 3rd quarter valued at about $354,668,000. Finally, Rehmann Capital Advisory Group raised its holdings in shares of Accenture by 17,056.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 938,778 shares of the information technology services provider’s stock valued at $5,515,000 after buying an additional 933,306 shares in the last quarter. 70.14% of the stock is currently owned by hedge funds and other institutional investors.

ACN opened at $164.82 on Friday. Accenture Plc has a 1 year low of $132.63 and a 1 year high of $175.64. The company has a market cap of $109.44 billion, a P/E ratio of 24.45, a P/E/G ratio of 2.20 and a beta of 1.11.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 20th. The information technology services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.12. Accenture had a return on equity of 40.31% and a net margin of 9.99%. The business had revenue of $10.61 billion for the quarter, compared to analyst estimates of $10.54 billion. During the same period last year, the company earned $1.79 EPS. Accenture’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts predict that Accenture Plc will post 7.2 earnings per share for the current year.

In related news, insider Jean-Marc Ollagnier sold 6,165 shares of the firm’s stock in a transaction that occurred on Monday, December 24th. The stock was sold at an average price of $135.16, for a total transaction of $833,261.40. Following the transaction, the insider now directly owns 168,751 shares in the company, valued at approximately $22,808,385.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Richard Lumb sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $155.88, for a total value of $311,760.00. Following the transaction, the insider now owns 131,024 shares in the company, valued at $20,424,021.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,033 shares of company stock worth $8,466,177. 0.18% of the stock is owned by corporate insiders.

A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a report on Monday, December 10th. Citigroup raised Accenture from a “neutral” rating to a “buy” rating and raised their price objective for the company from $161.00 to $169.00 in a report on Wednesday, January 16th. KeyCorp reissued a “buy” rating and set a $173.00 price objective on shares of Accenture in a report on Friday, December 21st. Cantor Fitzgerald reissued a “buy” rating and set a $193.00 price objective on shares of Accenture in a report on Thursday, December 13th. Finally, SunTrust Banks set a $157.00 price objective on Accenture and gave the company a “hold” rating in a report on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $173.84.

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About Accenture

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.

Read More: Quiet Period

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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