Rikoon Group LLC lifted its holdings in shares of Accenture Plc (NYSE:ACN) by 18.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,677 shares of the information technology services provider’s stock after purchasing an additional 737 shares during the quarter. Rikoon Group LLC’s holdings in Accenture were worth $692,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Farmers National Bank acquired a new stake in shares of Accenture in the fourth quarter valued at approximately $107,000. BDO Wealth Advisors LLC lifted its position in shares of Accenture by 105.3% in the first quarter. BDO Wealth Advisors LLC now owns 739 shares of the information technology services provider’s stock valued at $113,000 after buying an additional 379 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in shares of Accenture in the first quarter valued at approximately $127,000. Virtue Capital Management LLC acquired a new stake in shares of Accenture in the fourth quarter valued at approximately $128,000. Finally, Aevitas Wealth Management Inc. acquired a new stake in shares of Accenture in the fourth quarter valued at approximately $131,000. Institutional investors and hedge funds own 73.67% of the company’s stock.
A number of research firms have recently issued reports on ACN. UBS Group raised Accenture from a “neutral” rating to a “positive” rating in a research report on Tuesday. Pivotal Research set a $180.00 price objective on Accenture and gave the company a “buy” rating in a research report on Monday, June 11th. Zacks Investment Research cut Accenture from a “hold” rating to a “sell” rating in a research report on Wednesday. Susquehanna Bancshares raised Accenture from a “neutral” rating to a “positive” rating and raised their price objective for the company from $165.00 to $190.00 in a research report on Tuesday. Finally, Robert W. Baird raised their price objective on Accenture from $162.00 to $165.00 and gave the company a “neutral” rating in a research report on Tuesday, March 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $164.59.
Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, March 22nd. The information technology services provider reported $1.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.09. The business had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.31 billion. Accenture had a return on equity of 41.50% and a net margin of 9.18%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $1.33 EPS. analysts predict that Accenture Plc will post 6.68 earnings per share for the current year.
In other Accenture news, CEO Pierre Nanterme sold 36,858 shares of Accenture stock in a transaction on Monday, March 26th. The stock was sold at an average price of $150.80, for a total value of $5,558,186.40. Following the completion of the transaction, the chief executive officer now directly owns 357,405 shares of the company’s stock, valued at approximately $53,896,674. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David Rowland sold 3,270 shares of Accenture stock in a transaction on Friday, April 20th. The shares were sold at an average price of $152.93, for a total value of $500,081.10. Following the completion of the transaction, the chief financial officer now directly owns 20,243 shares of the company’s stock, valued at $3,095,761.99. The disclosure for this sale can be found here. Insiders sold a total of 53,828 shares of company stock valued at $8,145,630 over the last ninety days. Insiders own 0.21% of the company’s stock.
Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.
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