Natixis Advisors L.P. increased its holdings in shares of Accenture Plc (NYSE:ACN) by 3.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 362,504 shares of the information technology services provider’s stock after purchasing an additional 11,512 shares during the quarter. Natixis Advisors L.P. owned 0.06% of Accenture worth $55,644,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of ACN. Deutsche Bank AG grew its position in Accenture by 34.3% in the fourth quarter. Deutsche Bank AG now owns 1,453,595 shares of the information technology services provider’s stock valued at $222,522,000 after acquiring an additional 370,895 shares in the last quarter. Wealthfront Inc. grew its position in Accenture by 9.6% in the fourth quarter. Wealthfront Inc. now owns 23,247 shares of the information technology services provider’s stock valued at $3,559,000 after acquiring an additional 2,043 shares in the last quarter. Lazard Asset Management LLC grew its position in Accenture by 2.6% in the fourth quarter. Lazard Asset Management LLC now owns 4,338,133 shares of the information technology services provider’s stock valued at $664,123,000 after acquiring an additional 109,935 shares in the last quarter. Ironvine Capital Partners LLC acquired a new stake in Accenture in the fourth quarter valued at approximately $2,040,000. Finally, Brookstone Capital Management grew its position in Accenture by 25.3% in the fourth quarter. Brookstone Capital Management now owns 3,521 shares of the information technology services provider’s stock valued at $539,000 after acquiring an additional 711 shares in the last quarter. 73.99% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on ACN shares. Wedbush reaffirmed an “outperform” rating and issued a $180.00 price objective (up previously from $165.00) on shares of Accenture in a research report on Tuesday, March 20th. Robert W. Baird increased their price objective on shares of Accenture from $162.00 to $165.00 and gave the company a “neutral” rating in a research report on Tuesday, March 20th. Pivotal Research reiterated a “buy” rating and set a $180.00 target price on shares of Accenture in a research note on Thursday, April 26th. ValuEngine upgraded Accenture from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Barclays increased their target price on Accenture from $152.00 to $154.00 and gave the company an “equal weight” rating in a research note on Friday, March 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $161.37.
Accenture (NYSE:ACN) last issued its 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 firm had revenue of $9.59 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned $1.33 earnings per share. equities analysts anticipate that Accenture Plc will post 6.69 EPS for the current fiscal year.
In other news, CEO Pierre Nanterme sold 36,858 shares of the firm’s stock in a transaction on Monday, March 26th. The stock was sold at an average price of $150.80, for a total transaction of $5,558,186.40. Following the transaction, the chief executive officer now directly owns 357,405 shares of the company’s stock, valued at $53,896,674. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard Lumb sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $156.10, for a total value of $312,200.00. Following the transaction, the insider now directly owns 120,025 shares in the company, valued at $18,735,902.50. The disclosure for this sale can be found here. Insiders have sold 53,828 shares of company stock worth $8,145,630 over the last three months. Corporate 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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