PFG Advisors purchased a new position in shares of Accenture Plc (NYSE:ACN) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 18,117 shares of the information technology services provider’s stock, valued at approximately $2,838,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its holdings in Accenture by 10,215.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,674,776 shares of the information technology services provider’s stock valued at $175,000 after buying an additional 24,435,584 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Accenture by 115,500.5% in the third quarter. Bank of New York Mellon Corp now owns 10,222,554 shares of the information technology services provider’s stock valued at $1,739,880,000 after purchasing an additional 10,213,711 shares during the last quarter. Capital World Investors grew its position in shares of Accenture by 1,454.7% in the third quarter. Capital World Investors now owns 2,876,218 shares of the information technology services provider’s stock valued at $489,532,000 after purchasing an additional 2,691,218 shares during the last quarter. Nordea Investment Management AB acquired a new stake in shares of Accenture in the third quarter valued at approximately $354,668,000. Finally, Rehmann Capital Advisory Group grew its position in shares of Accenture by 17,056.0% in the third quarter. Rehmann Capital Advisory Group now owns 938,778 shares of the information technology services provider’s stock valued at $5,515,000 after purchasing an additional 933,306 shares during the last quarter. 70.90% of the stock is owned by hedge funds and other institutional investors.

In other Accenture news, General Counsel Chad T. Jerdee sold 2,441 shares of Accenture stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $140.00, for a total value of $341,740.00. Following the transaction, the general counsel now owns 11,775 shares in the company, valued at approximately $1,648,500. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Daniel T. London sold 3,610 shares of Accenture stock in a transaction on Monday, January 7th. The shares were sold at an average price of $141.45, for a total transaction of $510,634.50. Following the completion of the transaction, the insider now owns 32,411 shares in the company, valued at approximately $4,584,535.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,022 shares of company stock worth $2,517,650. 0.18% of the stock is owned by company insiders.

Shares of ACN opened at $167.26 on Wednesday. The firm has a market capitalization of $110.89 billion, a price-to-earnings ratio of 24.82, a P/E/G ratio of 2.22 and a beta of 1.11. Accenture Plc has a fifty-two week low of $132.63 and a fifty-two week high of $175.64.

Several analysts have recently commented on the stock. KeyCorp reiterated a “buy” rating and issued a $173.00 price target on shares of Accenture in a research report on Friday, December 21st. ValuEngine upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $176.00 price target on the stock in a research report on Monday, December 10th. Bank of America upgraded shares of Accenture from a “neutral” rating to a “buy” rating and set a $143.07 price target on the stock in a research report on Tuesday, January 8th. They noted that the move was a valuation call. Finally, SunTrust Banks set a $157.00 target price on shares of Accenture and gave the stock a “hold” rating in a research report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the stock. Accenture presently has a consensus rating of “Buy” and an average target price of $175.55.

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Accenture Profile

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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