Weatherstone Capital Management increased its stake in Accenture Plc (NYSE:ACN) by 9.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,637 shares of the information technology services provider’s stock after acquiring an additional 418 shares during the quarter. Accenture comprises 0.5% of Weatherstone Capital Management’s holdings, making the stock its 25th largest position. Weatherstone Capital Management’s holdings in Accenture were worth $710,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ACN. Marietta Wealth Management LLC increased its stake in Accenture by 7.6% in the 2nd quarter. Marietta Wealth Management LLC now owns 11,091 shares of the information technology services provider’s stock worth $1,372,000 after buying an additional 786 shares during the period. Northern Trust Corp grew its holdings in Accenture by 0.8% during the 2nd quarter. Northern Trust Corp now owns 9,476,570 shares of the information technology services provider’s stock worth $1,172,063,000 after acquiring an additional 70,740 shares in the last quarter. Segment Wealth Management LLC grew its holdings in Accenture by 1.7% during the 2nd quarter. Segment Wealth Management LLC now owns 28,232 shares of the information technology services provider’s stock worth $3,492,000 after acquiring an additional 460 shares in the last quarter. Vanguard Group Inc. grew its holdings in Accenture by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after acquiring an additional 1,088,676 shares in the last quarter. Finally, ETRADE Capital Management LLC grew its holdings in Accenture by 7.0% during the 2nd quarter. ETRADE Capital Management LLC now owns 43,188 shares of the information technology services provider’s stock worth $5,342,000 after acquiring an additional 2,823 shares in the last quarter. 75.63% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on the stock. KeyCorp increased their target price on shares of Accenture from $157.00 to $172.00 and gave the stock an “overweight” rating in a report on Saturday, December 30th. SunTrust Banks reiterated a “hold” rating and set a $164.00 target price on shares of Accenture in a report on Thursday, December 21st. Barclays increased their target price on shares of Accenture from $135.00 to $152.00 and gave the stock an “equal weight” rating in a report on Friday, December 22nd. Cowen reiterated a “buy” rating and set a $166.00 target price on shares of Accenture in a report on Friday, December 22nd. Finally, Susquehanna Bancshares reiterated a “hold” rating and set a $145.00 target price on shares of Accenture in a report on Tuesday, December 26th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $156.57.

Shares of Accenture Plc (ACN) opened at $156.84 on Wednesday. Accenture Plc has a 1-year low of $114.82 and a 1-year high of $162.60. The firm has a market cap of $98,436.33, a PE ratio of 27.76, a PEG ratio of 2.33 and a beta of 1.05.

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

In related news, insider ‘T Noordende Alexander M. Van sold 6,500 shares of Accenture stock in a transaction that occurred on Monday, January 1st. The shares were sold at an average price of $153.48, for a total value of $997,620.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Johan Deblaere sold 55,000 shares of Accenture stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $154.24, for a total transaction of $8,483,200.00. Following the completion of the sale, the chief operating officer now owns 112,208 shares of the company’s stock, valued at $17,306,961.92. 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. Company insiders own 0.21% of the company’s stock.

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Accenture Company 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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