Somerset Trust Co bought a new position in Accenture Plc (NYSE:ACN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,943 shares of the information technology services provider’s stock, valued at approximately $1,522,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC boosted its position in shares of Accenture by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock worth $362,000 after acquiring an additional 12 shares during the last quarter. AlphaMark Advisors LLC boosted its position in shares of Accenture by 0.9% in the second quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock worth $287,000 after acquiring an additional 20 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Accenture by 1.4% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock worth $223,000 after acquiring an additional 24 shares during the last quarter. Manchester Capital Management LLC boosted its position in shares of Accenture by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after acquiring an additional 60 shares during the last quarter. Finally, MAI Capital Management boosted its position in shares of Accenture by 0.6% in the second quarter. MAI Capital Management now owns 14,744 shares of the information technology services provider’s stock worth $1,824,000 after acquiring an additional 90 shares during the last quarter. 75.28% of the stock is currently owned by institutional investors and hedge funds.

Accenture Plc (NYSE ACN) traded down $2.15 on Wednesday, hitting $157.96. 2,858,700 shares of the stock were exchanged, compared to its average volume of 2,266,330. The stock has a market capitalization of $102,600.00, a price-to-earnings ratio of 28.01, a P/E/G ratio of 2.41 and a beta of 1.08. Accenture Plc has a 12 month low of $112.31 and a 12 month high of $160.63.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.12. The company had revenue of $9.52 billion for 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 business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.58 earnings per share. equities analysts expect that Accenture Plc will post 6.64 earnings per share for the current year.

A number of research analysts have weighed in on ACN shares. Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Tuesday, November 28th. Deutsche Bank lifted their price target on shares of Accenture to $165.00 in a research report on Monday, December 11th. KeyCorp reaffirmed a “buy” rating and set a $149.00 price target on shares of Accenture in a research report on Sunday, October 29th. Pivotal Research started coverage on shares of Accenture in a research report on Wednesday, November 8th. They set a “buy” rating and a $165.00 price target on the stock. Finally, Cowen set a $150.00 price target on shares of Accenture and gave the company a “buy” rating in a research report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $156.57.

In related news, insider ‘T Noordende Alexander M. Van sold 6,500 shares of Accenture stock in a transaction on Monday, January 1st. The shares were sold at an average price of $153.48, for a total value of $997,620.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Pierre Nanterme sold 34,232 shares of Accenture stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $152.94, for a total transaction of $5,235,442.08. Following the completion of the sale, the chief executive officer now owns 262,490 shares of the company’s stock, valued at approximately $40,145,220.60. The disclosure for this sale can be found here. Insiders have sold 82,116 shares of company stock worth $12,211,924 in the last quarter. Insiders own 0.21% of the company’s stock.

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Accenture 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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