Pegasus Partners Ltd. grew its position in Accenture Plc (NYSE:ACN) by 21.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,166 shares of the information technology services provider’s stock after buying an additional 726 shares during the quarter. Pegasus Partners Ltd.’s holdings in Accenture were worth $638,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Brookstone Capital Management lifted its holdings in shares of Accenture by 25.3% in the 4th quarter. Brookstone Capital Management now owns 3,521 shares of the information technology services provider’s stock worth $539,000 after buying an additional 711 shares during the period. Roundview Capital LLC lifted its holdings in shares of Accenture by 71.9% in the 4th quarter. Roundview Capital LLC now owns 2,870 shares of the information technology services provider’s stock worth $439,000 after buying an additional 1,200 shares during the period. Financial Advisors Network Inc. lifted its holdings in shares of 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 worth $520,000 after buying an additional 632 shares during the period. Krueger & Catalano Capital Partners LLC purchased a new stake in shares of Accenture in the 4th quarter worth $2,725,000. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in shares of 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 worth $9,088,000 after buying an additional 1,175 shares during the period. Institutional investors and hedge funds own 75.63% of the company’s stock.

In related news, CEO Pierre Nanterme sold 34,232 shares of the company’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $152.94, for a total transaction of $5,235,442.08. Following the transaction, the chief executive officer now directly owns 262,490 shares of the company’s stock, valued at approximately $40,145,220.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gianfranco Casati sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $152.92, for a total value of $764,600.00. Following the transaction, the insider now directly owns 46,202 shares in the company, valued at $7,065,209.84. The disclosure for this sale can be found here. Insiders have sold a total of 117,249 shares of company stock worth $18,106,228 over the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

Several equities research analysts have weighed in on the company. Pivotal Research set a $180.00 target price on Accenture and gave the stock a “buy” rating in a report on Tuesday, January 16th. Cowen reiterated a “buy” rating and issued a $175.00 target price on shares of Accenture in a report on Friday, January 12th. Morgan Stanley upgraded Accenture from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $159.00 to $140.00 in a report on Monday, February 5th. Citigroup reiterated a “hold” rating and issued a $159.00 target price on shares of Accenture in a report on Friday, December 22nd. Finally, Bank of America upped their target price on Accenture from $150.00 to $171.00 in a report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the company. Accenture has an average rating of “Hold” and an average target price of $156.57.

Accenture Plc (ACN) opened at $159.79 on Thursday. Accenture Plc has a 1 year low of $114.82 and a 1 year high of $162.60. The stock has a market capitalization of $99,637.00, a PE ratio of 25.63, a P/E/G ratio of 2.36 and a beta of 1.05.

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