13,030 Shares in Accenture PLC $ACN Acquired by Asset One Wealth Management LLC

Asset One Wealth Management LLC purchased a new position in shares of Accenture PLC (NYSE:ACNFree Report) during the 4th quarter, Holdings Channel.com reports. The firm purchased 13,030 shares of the information technology services provider’s stock, valued at approximately $3,476,000.

Several other large investors have also made changes to their positions in the company. Align Financial LLC acquired a new stake in shares of Accenture during the 4th quarter worth approximately $35,057,000. American Trust Investment Advisors LLC boosted its position in Accenture by 4.0% in the fourth quarter. American Trust Investment Advisors LLC now owns 19,015 shares of the information technology services provider’s stock valued at $5,102,000 after buying an additional 735 shares in the last quarter. Guggenheim Capital LLC boosted its position in Accenture by 43.8% in the fourth quarter. Guggenheim Capital LLC now owns 56,634 shares of the information technology services provider’s stock valued at $15,195,000 after buying an additional 17,263 shares in the last quarter. DV Equities LLC acquired a new stake in Accenture in the fourth quarter valued at approximately $233,000. Finally, AQR Capital Management LLC boosted its position in Accenture by 45.6% in the fourth quarter. AQR Capital Management LLC now owns 1,823,851 shares of the information technology services provider’s stock valued at $489,339,000 after buying an additional 571,517 shares in the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Robert W. Baird cut their target price on shares of Accenture from $330.00 to $265.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. TD Cowen dropped their price target on shares of Accenture from $282.00 to $258.00 and set a “buy” rating for the company in a research note on Monday, June 8th. Oppenheimer set a $201.00 price target on shares of Accenture in a research note on Monday, June 8th. Jefferies Financial Group dropped their price target on shares of Accenture from $210.00 to $185.00 and set a “hold” rating for the company in a research note on Monday. Finally, Susquehanna dropped their price target on shares of Accenture from $222.00 to $186.00 and set a “neutral” rating for the company in a research note on Tuesday. Sixteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.41.

Check Out Our Latest Stock Analysis on Accenture

Accenture News Summary

Here are the key news stories impacting Accenture this week:

Insiders Place Their Bets

In other Accenture news, CEO Atsushi Egawa sold 4,872 shares of Accenture stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $177.14, for a total value of $863,026.08. Following the completion of the sale, the chief executive officer directly owned 12,802 shares of the company’s stock, valued at approximately $2,267,746.28. The trade was a 27.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.02% of the company’s stock.

Accenture Price Performance

Shares of NYSE ACN opened at $156.21 on Thursday. Accenture PLC has a twelve month low of $155.82 and a twelve month high of $314.20. The firm has a fifty day simple moving average of $179.51 and a 200 day simple moving average of $219.86. The company has a market capitalization of $103.95 billion, a PE ratio of 12.79, a P/E/G ratio of 1.57 and a beta of 1.08. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.16.

Accenture (NYSE:ACNGet Free Report) last announced its earnings results on Friday, March 20th. The information technology services provider reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.09. Accenture had a net margin of 10.61% and a return on equity of 26.33%. The business had revenue of $18.04 billion during the quarter, compared to the consensus estimate of $17.80 billion. During the same quarter last year, the firm earned $2.82 earnings per share. Accenture’s quarterly revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts forecast that Accenture PLC will post 13.83 EPS for the current year.

Accenture Company Profile

(Free Report)

Accenture is a global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology and operations. The firm works with organizations across industries to design and implement business transformation programs, deploy and manage enterprise technology, optimize operations, and develop customer and digital experiences. Its offerings encompass management and technology consulting, systems integration, application and infrastructure services, cloud migration and managed services, as well as security and analytics capabilities.

The company delivers industry- and function-specific solutions, combining consulting expertise with proprietary tools, platforms and partnerships with major technology vendors.

Recommended Stories

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACNFree Report).

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.