State of Alaska Department of Revenue Buys 371 Shares of Accenture plc (NYSE:ACN)

State of Alaska Department of Revenue raised its stake in Accenture plc (NYSE:ACN – Get Rating) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,220 shares of the information technology services provider’s stock after acquiring an additional 371 shares during the quarter. State of Alaska Department of Revenue’s holdings in Accenture were worth $25,408,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ACN. Tsfg LLC lifted its holdings in shares of Accenture by 108.7% in the third quarter. Tsfg LLC now owns 96 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 50 shares during the last quarter. My Personal CFO LLC bought a new position in Accenture in the 4th quarter valued at approximately $27,000. Norwood Financial Corp bought a new position in Accenture in the 3rd quarter valued at approximately $32,000. Ten Capital Wealth Advisors LLC raised its holdings in Accenture by 61.8% in the 3rd quarter. Ten Capital Wealth Advisors LLC now owns 123 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 47 shares during the last quarter. Finally, EWG Elevate Inc. bought a new position in Accenture in the 4th quarter valued at approximately $32,000. Institutional investors own 73.97% of the company’s stock.

Insider Transactions at Accenture

In related news, General Counsel Joel Unruch sold 556 shares of Accenture stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $280.53, for a total value of $155,974.68. Following the completion of the sale, the general counsel now owns 42,991 shares of the company’s stock, valued at approximately $12,060,265.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, General Counsel Joel Unruch sold 556 shares of Accenture stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $280.53, for a total value of $155,974.68. Following the completion of the sale, the general counsel now owns 42,991 shares of the company’s stock, valued at approximately $12,060,265.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Paula A. Price sold 750 shares of Accenture stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $258.77, for a total transaction of $194,077.50. Following the completion of the sale, the director now directly owns 6,697 shares of the company’s stock, valued at approximately $1,732,982.69. The disclosure for this sale can be found here. Insiders sold a total of 39,015 shares of company stock valued at $10,884,179 in the last quarter. 0.08% of the stock is currently owned by company insiders.

Accenture Stock Performance

Shares of ACN stock traded down $2.92 during trading hours on Friday, hitting $250.00. 6,470,869 shares of the company were exchanged, compared to its average volume of 2,242,642. The firm has a market cap of $157.56 billion, a P/E ratio of 22.71, a P/E/G ratio of 2.33 and a beta of 1.25. Accenture plc has a fifty-two week low of $242.80 and a fifty-two week high of $345.30. The company has a 50 day simple moving average of $273.70 and a two-hundred day simple moving average of $275.04.

Accenture (NYSE:ACN – Get Rating) last announced its quarterly earnings data on Friday, December 16th. The information technology services provider reported $3.08 EPS for the quarter, topping the consensus estimate of $2.91 by $0.17. The company had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.58 billion. Accenture had a net margin of 11.31% and a return on equity of 31.49%. As a group, sell-side analysts expect that Accenture plc will post 11.44 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ACN shares. Jefferies Financial Group dropped their price objective on shares of Accenture from $290.00 to $279.00 in a report on Monday, December 19th. Wells Fargo & Company started coverage on shares of Accenture in a report on Monday, January 30th. They issued an “equal weight” rating and a $289.00 price objective for the company. Robert W. Baird dropped their price objective on shares of Accenture from $310.00 to $290.00 and set a “neutral” rating for the company in a report on Monday, December 19th. Wedbush reiterated an “outperform” rating and issued a $300.00 price objective on shares of Accenture in a report on Monday, March 13th. Finally, StockNews.com began coverage on shares of Accenture in a report on Thursday. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $316.50.

About Accenture

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Accenture Plc engages in the provision of management consulting, technology, and outsourcing services. It operates through the following geographical segments: North America, Europe and Growth Markets. The company was founded in 1989 and is headquartered in Dublin, Ireland.