Marshall Wace North America L.P. Takes Position in Accenture Plc (ACN)

Marshall Wace North America L.P. purchased a new stake in shares of Accenture Plc (NYSE:ACN) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,655 shares of the information technology services provider’s stock, valued at approximately $622,000.

Several other large investors have also made changes to their positions in ACN. Fort L.P. purchased a new stake in Accenture during the second quarter valued at $124,000. Valeo Financial Advisors LLC increased its position in Accenture by 48.3% during the second quarter. Valeo Financial Advisors LLC now owns 1,010 shares of the information technology services provider’s stock valued at $162,000 after acquiring an additional 329 shares during the last quarter. Providence Capital Advisors LLC increased its position in Accenture by 2,784.6% during the third quarter. Providence Capital Advisors LLC now owns 1,125 shares of the information technology services provider’s stock valued at $191,000 after acquiring an additional 1,086 shares during the last quarter. Charter Trust Co. purchased a new stake in Accenture during the second quarter valued at $204,000. Finally, Paulson Wealth Management Inc. purchased a new stake in Accenture during the third quarter valued at $204,000. 70.51% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Pierre Nanterme sold 30,117 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $173.45, for a total transaction of $5,223,793.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Johan Deblaere sold 5,000 shares of the stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $173.43, for a total value of $867,150.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,717 shares of company stock valued at $13,041,890. 0.18% of the stock is owned by corporate insiders.



A number of research firms recently commented on ACN. Citigroup upped their price objective on Accenture from $163.00 to $172.00 and gave the company a “neutral” rating in a research report on Tuesday, September 18th. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $176.00 price target for the company in a research report on Monday, December 10th. Moffett Nathanson initiated coverage on Accenture in a research report on Thursday, October 4th. They issued a “buy” rating and a $200.00 price target for the company. Deutsche Bank upped their price target on Accenture from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, September 20th. Finally, Robert W. Baird upped their price target on Accenture from $174.00 to $176.00 and gave the stock a “neutral” rating in a research report on Friday, September 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $177.39.

NYSE:ACN opened at $151.67 on Tuesday. Accenture Plc has a 12-month low of $146.05 and a 12-month high of $175.64. The stock has a market cap of $103.31 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 2.09 and a beta of 1.01.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 27th. The information technology services provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.02. Accenture had a return on equity of 41.92% and a net margin of 9.76%. The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same period in the prior year, the company earned $1.48 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. As a group, analysts forecast that Accenture Plc will post 7.2 EPS for the current fiscal year.

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Accenture Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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