LS Investment Advisors LLC grew its stake in shares of Accenture Plc (NYSE:ACN) by 25.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,532 shares of the information technology services provider’s stock after purchasing an additional 3,188 shares during the quarter. LS Investment Advisors LLC’s holdings in Accenture were worth $2,190,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Granite Investment Advisors LLC lifted its stake in Accenture by 0.3% in the fourth quarter. Granite Investment Advisors LLC now owns 23,544 shares of the information technology services provider’s stock worth $3,320,000 after acquiring an additional 73 shares during the period. Paulson Wealth Management Inc. lifted its stake in Accenture by 6.0% in the fourth quarter. Paulson Wealth Management Inc. now owns 1,371 shares of the information technology services provider’s stock worth $204,000 after acquiring an additional 78 shares during the period. Elite Wealth Management Inc. lifted its stake in Accenture by 1.7% in the fourth quarter. Elite Wealth Management Inc. now owns 4,947 shares of the information technology services provider’s stock worth $698,000 after acquiring an additional 82 shares during the period. Baystate Wealth Management LLC lifted its stake in Accenture by 0.9% in the fourth quarter. Baystate Wealth Management LLC now owns 9,745 shares of the information technology services provider’s stock worth $1,466,000 after acquiring an additional 85 shares during the period. Finally, First Bank & Trust lifted its stake in Accenture by 14.0% in the fourth quarter. First Bank & Trust now owns 735 shares of the information technology services provider’s stock worth $104,000 after acquiring an additional 90 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently commented on ACN shares. Citigroup dropped their price target on Accenture from $172.00 to $161.00 and set a “neutral” rating for the company in a research note on Wednesday, December 19th. Wells Fargo & Co set a $165.00 price target on Accenture and gave the stock a “buy” rating in a research note on Thursday, December 20th. ValuEngine lowered Accenture from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Robert W. Baird dropped their price target on Accenture from $176.00 to $156.00 and set a “neutral” rating for the company in a research note on Friday, December 21st. Finally, KeyCorp dropped their price target on Accenture from $186.00 to $182.00 and set an “overweight” rating for the company in a research note on Wednesday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $173.84.

Shares of Accenture stock opened at $155.59 on Monday. The firm has a market cap of $103.35 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 2.09 and a beta of 1.10. Accenture Plc has a 12 month low of $132.63 and a 12 month high of $175.64.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 20th. The information technology services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.12. Accenture had a return on equity of 40.31% and a net margin of 9.99%. The firm had revenue of $10.61 billion during the quarter, compared to the consensus estimate of $10.54 billion. During the same period last year, the company earned $1.79 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts forecast that Accenture Plc will post 7.2 EPS for the current fiscal year.

In other news, insider Ellyn Shook sold 1,172 shares of the firm’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $155.00, for a total transaction of $181,660.00. Following the completion of the transaction, the insider now directly owns 36,337 shares in the company, valued at $5,632,235. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jean-Marc Ollagnier sold 6,165 shares of the firm’s stock in a transaction on Monday, December 24th. The shares were sold at an average price of $135.16, for a total value of $833,261.40. Following the transaction, the insider now owns 168,751 shares of the company’s stock, valued at $22,808,385.16. The disclosure for this sale can be found here. Insiders have sold 59,033 shares of company stock valued at $8,154,417 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

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About Accenture

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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