Rockland Trust Co. acquired a new stake in shares of Accenture Plc (NYSE:ACN) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,268 shares of the information technology services provider’s stock, valued at approximately $347,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC raised its holdings in shares of Accenture by 104.8% during the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 372 shares during the last quarter. TCI Wealth Advisors Inc. raised its holdings in shares of Accenture by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 162 shares during the last quarter. Manchester Capital Management LLC raised its holdings in shares of Accenture by 7.0% during 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 during the last quarter. Captrust Financial Advisors purchased a new position in shares of Accenture during the second quarter valued at approximately $129,000. Finally, Monroe Bank & Trust MI raised its holdings in shares of Accenture by 37.3% during the second quarter. Monroe Bank & Trust MI now owns 1,288 shares of the information technology services provider’s stock valued at $159,000 after purchasing an additional 350 shares during the last quarter. 75.23% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on ACN shares. Cowen set a $150.00 price objective on shares of Accenture and gave the company a “buy” rating in a report on Monday, October 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $150.00 target price on shares of Accenture in a report on Sunday, October 1st. Susquehanna Bancshares reaffirmed a “hold” rating and set a $145.00 target price on shares of Accenture in a report on Tuesday, December 26th. Pivotal Research set a $180.00 target price on shares of Accenture and gave the company a “buy” rating in a report on Thursday, December 28th. Finally, Barclays upped their target price on shares of Accenture from $124.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $156.17.

In other Accenture news, CEO Pierre Nanterme sold 34,232 shares of the company’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $152.94, for a total value of $5,235,442.08. Following the completion of the transaction, the chief executive officer now directly owns 262,490 shares in the company, valued at $40,145,220.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Richard P. Clark sold 1,433 shares of the company’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $158.37, for a total transaction of $226,944.21. Following the completion of the transaction, the chief accounting officer now owns 8,932 shares of the company’s stock, valued at $1,414,560.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 82,116 shares of company stock valued at $12,211,924. Company insiders own 0.21% of the company’s stock.

Accenture Plc (NYSE ACN) opened at $159.11 on Friday. The firm has a market cap of $102,000.00, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 2.38 and a beta of 1.08. Accenture Plc has a 12-month low of $112.31 and a 12-month high of $159.49.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.12. The business had revenue of $9.52 billion during the quarter, compared to analyst estimates of $9.25 billion. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The company’s 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 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/rockland-trust-co-takes-347000-position-in-accenture-plc-acn/1804060.html.

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.

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture Plc (NYSE:ACN).

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with Analyst Ratings Network's FREE daily email newsletter.