Heritage Way Advisors LLC grew its stake in shares of Accenture Plc (NYSE:ACN) by 97.3% in the fourth quarter, Holdings Channel reports. The fund owned 33,676 shares of the information technology services provider’s stock after buying an additional 16,608 shares during the quarter. Accenture comprises about 1.9% of Heritage Way Advisors LLC’s holdings, making the stock its 12th biggest position. Heritage Way Advisors LLC’s holdings in Accenture were worth $5,155,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Flagship Harbor Advisors LLC lifted its holdings in shares of Accenture by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock valued at $362,000 after purchasing an additional 12 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in shares of Accenture by 0.9% in the second quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock valued at $287,000 after purchasing an additional 20 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Accenture by 1.4% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock valued at $223,000 after purchasing an additional 24 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Accenture by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares in the last quarter. Finally, MAI Capital Management lifted its holdings in shares of Accenture by 0.6% in the second quarter. MAI Capital Management now owns 14,744 shares of the information technology services provider’s stock valued at $1,824,000 after purchasing an additional 90 shares in the last quarter. Institutional investors own 75.28% of the company’s stock.

ACN has been the subject of a number of research analyst reports. Cowen set a $150.00 target price on Accenture and gave the company a “buy” rating in a report on Monday, October 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $150.00 price target on shares of Accenture in a research note on Sunday, October 1st. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $145.00 price target on shares of Accenture in a research note on Tuesday, December 26th. Pivotal Research set a $180.00 price target on shares of Accenture and gave the stock a “buy” rating in a research note on Thursday, December 28th. Finally, Barclays upped their price target on shares of Accenture from $124.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the stock. Accenture currently has an average rating of “Hold” and a consensus target price of $156.57.

In other Accenture news, insider Ellyn Shook sold 4,375 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $159.25, for a total transaction of $696,718.75. Following the transaction, the insider now directly owns 41,595 shares of the company’s stock, valued at $6,624,003.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard Lumb sold 2,200 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $138.94, for a total transaction of $305,668.00. Following the transaction, the insider now directly owns 117,151 shares in the company, valued at $16,276,959.94. The disclosure for this sale can be found here. Insiders have sold 86,491 shares of company stock worth $12,908,642 over the last three months. Company insiders own 0.21% of the company’s stock.

Accenture Plc (NYSE:ACN) traded up $0.73 during trading on Thursday, reaching $160.94. 1,630,033 shares of the company’s stock traded hands, compared to its average volume of 2,255,118. The firm has a market capitalization of $103,180.00, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 2.38 and a beta of 1.08. Accenture Plc has a 52-week low of $112.31 and a 52-week high of $160.63.

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