Middleton & Co Inc MA lessened its stake in shares of Accenture Plc (NYSE:ACN) by 26.4% during the fourth quarter, Holdings Channel reports. The fund owned 7,195 shares of the information technology services provider’s stock after selling 2,585 shares during the quarter. Middleton & Co Inc MA’s holdings in Accenture were worth $1,101,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. purchased a new position in Accenture during the second quarter worth $533,000. Jacobi Capital Management LLC grew its position in Accenture by 104.8% during the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after acquiring an additional 372 shares during the period. TCI Wealth Advisors Inc. grew its position in Accenture by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after acquiring an additional 162 shares during the period. Manchester Capital Management LLC grew its position in Accenture by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after acquiring an additional 60 shares during the period. Finally, Captrust Financial Advisors purchased a new stake in Accenture during the second quarter valued at about $129,000. 75.39% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Richard Lumb sold 2,000 shares of the stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $160.30, for a total value of $320,600.00. Following the completion of the transaction, the insider now owns 123,863 shares of the company’s stock, valued at $19,855,238.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard P. Clark sold 3,155 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $143.01, for a total value of $451,196.55. Following the sale, the insider now owns 5,533 shares in the company, valued at approximately $791,274.33. The disclosure for this sale can be found here. Insiders sold 78,829 shares of company stock valued at $11,879,571 in the last three months. 0.21% of the stock is currently owned by company insiders.

A number of research firms have issued reports on ACN. Cantor Fitzgerald reissued a “buy” rating and set a $135.00 price target on shares of Accenture in a research report on Thursday, September 28th. KeyCorp reissued a “buy” rating and set a $149.00 price target on shares of Accenture in a research report on Thursday, September 28th. BMO Capital Markets upped their target price on Accenture from $130.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, September 29th. Pivotal Research set a $180.00 target price on Accenture and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Finally, Wells Fargo & Co upped their target price on Accenture from $147.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. Accenture currently has an average rating of “Hold” and a consensus target price of $156.57.

Shares of Accenture Plc (ACN) traded down $0.28 on Thursday, reaching $160.60. The company had a trading volume of 1,951,800 shares, compared to its average volume of 2,129,744. The stock has a market capitalization of $103,500.00, a P/E ratio of 28.48, a P/E/G ratio of 2.42 and a beta of 1.08. Accenture Plc has a 1 year low of $112.31 and a 1 year high of $162.50.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.12. The firm had revenue of $9.52 billion during the quarter, compared to the consensus estimate of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. Accenture’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.58 earnings per share. equities research analysts expect that Accenture Plc will post 6.64 EPS for the current year.

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Accenture Profile

Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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