Accenture Plc (ACN) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its holdings in shares of Accenture Plc (NYSE:ACN) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 100,985 shares of the information technology services provider’s stock after selling 1,516 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Accenture were worth $15,459,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ACN. Jacobi Capital Management LLC grew its holdings 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 worth $100,000 after purchasing an additional 372 shares during the period. Americafirst Capital Management LLC purchased a new position in shares of Accenture during the 3rd quarter worth $187,000. Monroe Bank & Trust MI grew its holdings in shares of Accenture by 27.8% during the 3rd quarter. Monroe Bank & Trust MI now owns 1,646 shares of the information technology services provider’s stock worth $193,000 after purchasing an additional 358 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Accenture by 54.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,608 shares of the information technology services provider’s stock worth $199,000 after purchasing an additional 570 shares during the period. Finally, Capital Investment Advisors LLC purchased a new position in shares of Accenture during the 4th quarter worth $201,000. Institutional investors and hedge funds own 74.64% of the company’s stock.

Accenture Plc (ACN) opened at $162.66 on Monday. The stock has a market capitalization of $103,334.33, a PE ratio of 26.58, a P/E/G ratio of 2.45 and a beta of 1.05. Accenture Plc has a 12 month low of $114.82 and a 12 month high of $163.60.

Accenture (NYSE:ACN) last posted its quarterly earnings results 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 return on equity of 41.79% and a net margin of 9.43%. Accenture’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.58 EPS. research analysts anticipate that Accenture Plc will post 6.65 earnings per share for the current year.

A number of equities analysts have recently weighed in on ACN shares. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a report on Tuesday, November 28th. Deutsche Bank increased their price target on Accenture to $165.00 in a report on Monday, December 11th. KeyCorp reiterated a “buy” rating and set a $149.00 price target on shares of Accenture in a report on Sunday, October 29th. Pivotal Research started coverage on Accenture in a report on Wednesday, November 8th. They set a “buy” rating and a $165.00 price target for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $150.00 price target on shares of Accenture in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. Accenture currently has an average rating of “Hold” and a consensus target price of $156.57.

In other Accenture news, insider Richard Lumb sold 2,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $155.34, for a total value of $310,680.00. Following the sale, the insider now owns 121,041 shares of the company’s stock, valued at approximately $18,802,508.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider ‘T Noordende Alexander M. Van sold 6,500 shares of the stock in a transaction dated Monday, January 1st. The shares were sold at an average price of $153.48, for a total value of $997,620.00. The disclosure for this sale can be found here. Insiders sold a total of 117,249 shares of company stock worth $18,106,228 in the last ninety days. 0.21% of the stock is owned by corporate insiders.

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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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