Brookstone Capital Management boosted its holdings in Accenture Plc (NYSE:ACN) by 25.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,521 shares of the information technology services provider’s stock after purchasing an additional 711 shares during the quarter. Brookstone Capital Management’s holdings in Accenture were worth $539,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Roundview Capital LLC grew its position in Accenture by 71.9% in the 4th quarter. Roundview Capital LLC now owns 2,870 shares of the information technology services provider’s stock valued at $439,000 after purchasing an additional 1,200 shares during the period. Financial Advisors Network Inc. grew its position in Accenture by 22.8% in the 4th quarter. Financial Advisors Network Inc. now owns 3,398 shares of the information technology services provider’s stock valued at $520,000 after purchasing an additional 632 shares during the period. Krueger & Catalano Capital Partners LLC acquired a new stake in Accenture in the 4th quarter valued at $2,725,000. Bronfman E.L. Rothschild L.P. grew its position in Accenture by 2.0% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 59,365 shares of the information technology services provider’s stock valued at $9,088,000 after purchasing an additional 1,175 shares during the period. Finally, Ffcm LLC lifted its stake in Accenture by 22.1% during the 4th quarter. Ffcm LLC now owns 39,088 shares of the information technology services provider’s stock valued at $5,984,000 after acquiring an additional 7,082 shares in the last quarter. 75.63% of the stock is owned by institutional investors and hedge funds.

In related news, insider Richard Lumb sold 2,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $155.34, for a total value of $310,680.00. Following the sale, the insider now directly owns 121,041 shares in the company, valued at approximately $18,802,508.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Richard P. Clark sold 1,433 shares of the business’s stock in a transaction dated 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. Insiders sold a total of 117,249 shares of company stock worth $18,106,228 over the last 90 days. 0.21% of the stock is currently owned by company insiders.

ACN has been the topic of several recent analyst reports. Cowen set a $150.00 price objective on Accenture and gave the company a “buy” rating in a research note on Monday, October 23rd. Susquehanna Bancshares restated a “hold” rating and set a $145.00 price objective on shares of Accenture in a research note on Tuesday, December 26th. Pivotal Research set a $180.00 price objective on Accenture and gave the company a “buy” rating in a research note on Thursday, December 28th. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Tuesday, November 28th. Finally, Bank of America raised their price objective on Accenture from $150.00 to $171.00 in a research note on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have given a buy rating to the company. Accenture has an average rating of “Hold” and an average price target of $156.57.

Shares of Accenture Plc (NYSE:ACN) opened at $156.84 on Wednesday. The company has a market capitalization of $100,550.00, a price-to-earnings ratio of 27.81, a PEG ratio of 2.31 and a beta of 1.05. Accenture Plc has a 52 week low of $114.82 and a 52 week high of $162.60.

Accenture (NYSE:ACN) last released its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.12. The company had revenue of $9.52 billion for 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 business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.58 EPS. equities analysts expect that Accenture Plc will post 6.65 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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