Alps Advisors Inc. purchased a new position in Accenture Plc (NYSE:ACN) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,419 shares of the information technology services provider’s stock, valued at approximately $830,000.

Several other large investors also recently made changes to their positions in ACN. Jacobi Capital Management LLC lifted its position in shares of Accenture by 104.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 372 shares during the last quarter. Americafirst Capital Management LLC acquired a new position in shares of Accenture during the 3rd quarter worth about $187,000. Ropes Wealth Advisors LLC lifted its position in shares of Accenture by 10.1% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 1,555 shares of the information technology services provider’s stock worth $192,000 after purchasing an additional 143 shares during the last quarter. Monroe Bank & Trust MI lifted its position in shares of Accenture by 27.8% during the 3rd quarter. Monroe Bank & Trust MI now owns 1,646 shares of the information technology services provider’s stock worth $193,000 after purchasing an additional 358 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Accenture by 54.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,608 shares of the information technology services provider’s stock worth $199,000 after purchasing an additional 570 shares during the last quarter. 75.60% of the stock is owned by institutional investors.

In other news, COO Johan Deblaere sold 55,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $154.24, for a total value of $8,483,200.00. Following the sale, the chief operating officer now directly owns 112,208 shares in the company, valued at approximately $17,306,961.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Richard P. Clark sold 1,433 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $158.37, for a total value of $226,944.21. Following the completion of the sale, the chief accounting officer now owns 8,932 shares in the company, valued at $1,414,560.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 115,249 shares of company stock worth $17,795,548. Corporate insiders own 0.21% of the company’s stock.

Several equities analysts recently weighed in on the company. Pivotal Research boosted their price objective on Accenture from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, December 22nd. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $172.00 price objective for the company in a research report on Wednesday, December 27th. Morgan Stanley raised Accenture from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $159.00 to $140.00 in a research report on Monday, February 5th. Cowen reissued a “buy” rating and set a $165.00 price objective on shares of Accenture in a research report on Thursday, December 14th. Finally, Credit Suisse Group set a $165.00 price objective on Accenture and gave the stock a “hold” rating in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $156.57.

Accenture Plc (NYSE:ACN) opened at $153.84 on Monday. The company has a market capitalization of $98,620.00, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. Accenture Plc has a twelve month low of $114.82 and a twelve month high of $162.60.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.67 by $0.12. The firm had revenue of $9.52 billion during the quarter, compared to analysts’ expectations of $9.25 billion. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.58 EPS. equities research analysts predict that Accenture Plc will post 6.65 earnings per share 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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