Clarus Wealth Advisors purchased a new position in Accenture Plc (NYSE:ACN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,420 shares of the information technology services provider’s stock, valued at approximately $217,000.

Other hedge funds have also bought and sold shares of the company. Eagle Ridge Investment Management bought a new position in Accenture in the 3rd quarter worth approximately $359,000. Atlanta Capital Management Co. L L C boosted its stake in Accenture by 4.6% in the 3rd quarter. Atlanta Capital Management Co. L L C now owns 580,977 shares of the information technology services provider’s stock worth $78,472,000 after purchasing an additional 25,671 shares during the period. Koch Industries Inc. boosted its stake in Accenture by 18,227.9% in the 2nd quarter. Koch Industries Inc. now owns 329,903 shares of the information technology services provider’s stock worth $327,000 after purchasing an additional 328,103 shares during the period. Lenox Wealth Management Inc. bought a new position in Accenture in the 2nd quarter worth approximately $1,591,000. Finally, MU Investments Co. Ltd. bought a new position in Accenture in the 4th quarter worth approximately $5,654,000. Institutional investors and hedge funds own 75.60% of the company’s stock.

Shares of Accenture Plc (ACN) opened at $155.15 on Thursday. The stock has a market capitalization of $98,271.16, a P/E ratio of 27.46, a PEG ratio of 2.33 and a beta of 1.05. Accenture Plc has a twelve month low of $114.82 and a twelve month high of $162.60.

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 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 quarter in the prior year, the firm posted $1.58 EPS. Accenture’s quarterly revenue was up 11.8% compared to the same quarter last year. analysts predict 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 the stock in a transaction on Monday, January 1st. The stock was sold at an average price of $153.48, for a total transaction of $997,620.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Richard P. Clark sold 1,433 shares of the stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $158.37, for a total value of $226,944.21. Following the sale, the chief accounting officer now owns 8,932 shares in the company, valued at approximately $1,414,560.84. The disclosure for this sale can be found here. Insiders have sold a total of 60,249 shares of company stock worth $9,312,348 in the last 90 days. 0.21% of the stock is currently owned by insiders.

ACN has been the subject of several recent analyst reports. Robert W. Baird restated a “hold” rating and issued a $155.00 price target on shares of Accenture in a research note on Thursday, December 7th. Pivotal Research set a $180.00 price target on Accenture and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. KeyCorp restated a “buy” rating and issued a $149.00 price target on shares of Accenture in a research note on Sunday, October 29th. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $172.00 price target for the company in a research note on Wednesday, December 27th. Finally, Bank of America upped their price objective 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 assigned a hold rating and thirteen have issued a buy rating to the company. Accenture currently has a consensus rating of “Hold” and a consensus target price of $156.57.

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About Accenture

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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