Oak Grove Capital LLC lifted its position in Accenture Plc (NYSE:ACN) by 26.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,554 shares of the information technology services provider’s stock after acquiring an additional 2,202 shares during the period. Accenture accounts for 1.3% of Oak Grove Capital LLC’s holdings, making the stock its 19th largest position. Oak Grove Capital LLC’s holdings in Accenture were worth $1,488,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ACN. Focused Wealth Management Inc boosted its stake in shares of Accenture by 100.0% in the fourth quarter. Focused Wealth Management Inc now owns 200 shares of the information technology services provider’s stock worth $28,000 after acquiring an additional 100 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Accenture during the fourth quarter worth $42,000. Hanson McClain Inc. boosted its stake in Accenture by 28.4% during the fourth quarter. Hanson McClain Inc. now owns 339 shares of the information technology services provider’s stock worth $48,000 after buying an additional 75 shares during the last quarter. WealthTrust Arizona LLC boosted its stake in Accenture by 25.1% during the fourth quarter. WealthTrust Arizona LLC now owns 359 shares of the information technology services provider’s stock worth $51,000 after buying an additional 72 shares during the last quarter. Finally, We Are One Seven LLC acquired a new position in Accenture during the fourth quarter worth $56,000. 70.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ACN stock traded down $0.06 on Monday, hitting $165.19. The stock had a trading volume of 502,383 shares, compared to its average volume of 1,880,819. The company has a market capitalization of $109.76 billion, a PE ratio of 24.51, a P/E/G ratio of 2.22 and a beta of 1.11. Accenture Plc has a 1 year low of $132.63 and a 1 year high of $175.64.

Accenture (NYSE:ACN) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $10.54 billion. Accenture had a return on equity of 40.31% and a net margin of 9.99%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.79 EPS. Sell-side analysts expect that Accenture Plc will post 7.21 EPS for the current fiscal year.

In related news, insider Daniel T. London sold 3,610 shares of the business’s stock in a transaction on Monday, January 7th. The stock was sold at an average price of $141.45, for a total value of $510,634.50. Following the sale, the insider now owns 32,411 shares in the company, valued at approximately $4,584,535.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Chad T. Jerdee sold 2,441 shares of the business’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $140.00, for a total value of $341,740.00. Following the completion of the sale, the general counsel now owns 11,775 shares in the company, valued at approximately $1,648,500. The disclosure for this sale can be found here. Insiders sold a total of 17,022 shares of company stock worth $2,517,650 in the last quarter. Company insiders own 0.18% of the company’s stock.

A number of equities analysts have weighed in on ACN shares. Zacks Investment Research lowered Accenture from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. Cantor Fitzgerald reissued a “buy” rating and set a $193.00 price objective on shares of Accenture in a research note on Thursday, December 13th. Citigroup lowered their price objective on Accenture from $172.00 to $161.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 19th. KeyCorp lowered their price objective on Accenture from $186.00 to $182.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 19th. Finally, Robert W. Baird lowered their price objective on Accenture from $176.00 to $156.00 and set a “neutral” rating on the stock in a research note on Friday, December 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $175.55.

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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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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