Brinker Capital Inc. lowered its position in Accenture Plc (NYSE:ACN) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 64,317 shares of the information technology services provider’s stock after selling 378 shares during the period. Brinker Capital Inc.’s holdings in Accenture were worth $9,069,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rehmann Capital Advisory Group increased its stake in Accenture by 1.2% during the 4th quarter. Rehmann Capital Advisory Group now owns 5,582 shares of the information technology services provider’s stock valued at $787,000 after purchasing an additional 67 shares in the last quarter. South State Corp increased its stake in Accenture by 0.9% during the 4th quarter. South State Corp now owns 7,531 shares of the information technology services provider’s stock valued at $1,062,000 after purchasing an additional 69 shares in the last quarter. WealthTrust Arizona LLC increased its stake in Accenture by 25.1% during the 4th quarter. WealthTrust Arizona LLC now owns 359 shares of the information technology services provider’s stock valued at $51,000 after purchasing an additional 72 shares in the last quarter. Granite Investment Advisors LLC increased its stake in Accenture by 0.3% during the 4th quarter. Granite Investment Advisors LLC now owns 23,544 shares of the information technology services provider’s stock valued at $3,320,000 after purchasing an additional 73 shares in the last quarter. Finally, Hanson McClain Inc. increased its stake in Accenture by 28.4% during the 4th quarter. Hanson McClain Inc. now owns 339 shares of the information technology services provider’s stock valued at $48,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 70.14% of the company’s stock.

Shares of NYSE:ACN opened at $166.39 on Friday. The stock has a market capitalization of $110.52 billion, a P/E ratio of 24.69, a P/E/G ratio of 2.20 and a beta of 1.11. Accenture Plc has a fifty-two week low of $132.63 and a fifty-two week high of $175.64.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 20th. The information technology services provider reported $1.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.12. The company had revenue of $10.61 billion for 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 firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.79 EPS. As a group, analysts predict that Accenture Plc will post 7.2 earnings per share for the current fiscal year.

A number of brokerages have commented on ACN. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $176.00 price target for the company in a research note on Monday, December 10th. Citigroup upgraded shares of Accenture from a “neutral” rating to a “buy” rating and boosted their price target for the company from $161.00 to $169.00 in a research note on Wednesday, January 16th. KeyCorp reiterated a “buy” rating and issued a $173.00 target price on shares of Accenture in a research note on Friday, December 21st. Cantor Fitzgerald reiterated a “buy” rating and issued a $193.00 target price on shares of Accenture in a research note on Thursday, December 13th. Finally, SunTrust Banks set a $157.00 target price on shares of Accenture and gave the stock a “hold” rating in a research note on Wednesday, January 2nd. One investment 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 stock currently has a consensus rating of “Buy” and an average price target of $173.84.

In related news, CEO Pierre Nanterme sold 37,846 shares of the business’s stock in a transaction dated Monday, December 24th. The shares were sold at an average price of $135.16, for a total value of $5,115,265.36. Following the transaction, the chief executive officer now directly owns 368,212 shares of the company’s stock, valued at approximately $49,767,533.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jean-Marc Ollagnier sold 6,165 shares of the business’s stock in a transaction dated Monday, December 24th. The stock was sold at an average price of $135.16, for a total transaction of $833,261.40. Following the completion of the transaction, the insider now directly owns 168,751 shares in the company, valued at $22,808,385.16. The disclosure for this sale can be found here. Insiders sold a total of 61,033 shares of company stock worth $8,466,177 over the last three months. 0.18% of the stock is owned by insiders.

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Accenture 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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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