Axa Has $67.14 Million Position in Accenture Plc (NYSE:ACN)

AXA lessened its holdings in shares of Accenture Plc (NYSE:ACN) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 497,039 shares of the information technology services provider’s stock after selling 2,887 shares during the period. AXA owned approximately 0.08% of Accenture worth $67,135,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Accenture during the 2nd quarter valued at about $533,000. Jacobi Capital Management LLC raised its stake in shares of Accenture by 104.8% during the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after buying an additional 372 shares during the last quarter. TCI Wealth Advisors Inc. raised its stake in shares of Accenture by 23.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after buying an additional 162 shares during the last quarter. Manchester Capital Management LLC raised its stake in shares of Accenture by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after buying an additional 60 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new position in shares of Accenture during the 1st quarter valued at about $122,000. Institutional investors own 72.42% of the company’s stock.

ACN has been the topic of a number of analyst reports. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Wednesday, September 6th. Stifel Nicolaus raised their target price on Accenture from $138.00 to $146.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. KeyCorp reiterated a “buy” rating and issued a $149.00 price objective on shares of Accenture in a report on Sunday, October 29th. Pivotal Research began coverage on Accenture in a report on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price objective on the stock. Finally, Deutsche Bank lifted their price objective on Accenture to $165.00 in a report on Monday, December 11th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Accenture currently has an average rating of “Hold” and an average target price of $153.40.

In other Accenture news, CEO Pierre Nanterme sold 34,232 shares of the stock in a transaction dated 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 of the company’s stock, valued at $40,145,220.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO David Rowland sold 3,702 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $135.04, for a total transaction of $499,918.08. Following the completion of the transaction, the chief financial officer now directly owns 9,864 shares of the company’s stock, valued at $1,332,034.56. The disclosure for this sale can be found here. Insiders sold 122,557 shares of company stock valued at $17,479,167 over the last ninety days. Corporate insiders own 0.21% of the company’s stock.

Accenture Plc (ACN) traded down $0.48 during midday trading on Friday, reaching $153.09. 1,452,063 shares of the company’s stock traded hands, compared to its average volume of 1,968,247. Accenture Plc has a one year low of $112.31 and a one year high of $158.44. The firm has a market capitalization of $101,349.76, a P/E ratio of 27.10, a PEG ratio of 2.31 and a beta of 1.08.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.12. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The business had revenue of $9.52 billion during the quarter, compared to analysts’ expectations of $9.25 billion. During the same period in the prior year, the company earned $1.58 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. analysts forecast that Accenture Plc will post 6.64 EPS for the current year.

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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.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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