Accenture Plc (ACN) Stake Raised by Cadinha & Co. LLC

Cadinha & Co. LLC lifted its stake in shares of Accenture Plc (NYSE:ACN) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,147 shares of the information technology services provider’s stock after buying an additional 907 shares during the period. Accenture comprises approximately 2.2% of Cadinha & Co. LLC’s investment portfolio, making the stock its 19th biggest position. Cadinha & Co. LLC’s holdings in Accenture were worth $13,122,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Lenox Wealth Management Inc. raised its holdings in shares of Accenture by 47.2% in the 3rd quarter. Lenox Wealth Management Inc. now owns 18,935 shares of the information technology services provider’s stock worth $2,557,000 after acquiring an additional 6,072 shares during the last quarter. Segall Bryant & Hamill LLC raised its holdings in shares of Accenture by 1.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 36,517 shares of the information technology services provider’s stock worth $4,932,000 after acquiring an additional 540 shares during the last quarter. Saturna Capital CORP raised its holdings in shares of Accenture by 23.1% in the 3rd quarter. Saturna Capital CORP now owns 3,200 shares of the information technology services provider’s stock worth $432,000 after acquiring an additional 600 shares during the last quarter. Accident Compensation Corp increased its stake in Accenture by 13.3% in the 3rd quarter. Accident Compensation Corp now owns 25,609 shares of the information technology services provider’s stock valued at $3,459,000 after buying an additional 3,000 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new stake in Accenture in the 3rd quarter valued at about $1,069,000. 72.42% of the stock is currently owned by institutional investors.

Accenture Plc (ACN) traded down $0.48 on Friday, hitting $153.09. 1,452,063 shares of the stock traded hands, compared to its average volume of 1,968,247. Accenture Plc has a 1 year low of $112.31 and a 1 year high of $158.44. The stock has a market capitalization of $101,349.76, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.31 and a beta of 1.08.

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

In other Accenture news, CFO David Rowland sold 3,702 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.04, for a total value of $499,918.08. Following the completion of the transaction, the chief financial officer now directly owns 9,864 shares in the company, valued at $1,332,034.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Pierre Nanterme sold 34,232 shares of the company’s 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 transaction, 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. Over the last ninety days, insiders have sold 122,557 shares of company stock valued at $17,479,167. 0.21% of the stock is owned by corporate insiders.

Several research analysts recently commented on the stock. Citigroup reaffirmed a “hold” rating and issued a $159.00 price objective on shares of Accenture in a report on Friday, December 22nd. SunTrust Banks reissued a “hold” rating and issued a $164.00 price target on shares of Accenture in a report on Thursday, December 21st. Bank of America raised their price objective on shares of Accenture from $150.00 to $171.00 in a research report on Friday, December 22nd. Pivotal Research raised their price objective on shares of Accenture from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, December 22nd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $180.00 price objective (up previously from $151.00) on shares of Accenture in a research report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $153.40.

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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.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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