Raymond James & Associates raised its holdings in shares of Accenture Plc (NYSE:ACN) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 348,446 shares of the information technology services provider’s stock after purchasing an additional 22,382 shares during the quarter. Raymond James & Associates owned 0.05% of Accenture worth $53,344,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. California State Teachers Retirement System lifted its position in Accenture by 1.2% during the fourth quarter. California State Teachers Retirement System now owns 1,067,436 shares of the information technology services provider’s stock valued at $163,414,000 after purchasing an additional 12,943 shares during the last quarter. Avestar Capital LLC purchased a new stake in shares of Accenture in the fourth quarter valued at $10,190,000. Premia Global Advisors LLC purchased a new stake in shares of Accenture in the fourth quarter valued at $322,000. Kendall Capital Management purchased a new stake in shares of Accenture in the fourth quarter valued at $1,241,000. Finally, Guggenheim Capital LLC raised its stake in shares of Accenture by 1.9% in the fourth quarter. Guggenheim Capital LLC now owns 449,363 shares of the information technology services provider’s stock valued at $68,791,000 after acquiring an additional 8,447 shares during the period. Institutional investors and hedge funds own 75.58% of the company’s stock.
In other news, insider Richard Lumb sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $155.34, for a total value of $310,680.00. Following the sale, the insider now directly owns 121,041 shares in the company, valued at approximately $18,802,508.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gianfranco Casati sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $152.92, for a total transaction of $764,600.00. Following the completion of the sale, the insider now owns 46,202 shares in the company, valued at $7,065,209.84. 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 currently owned by insiders.
Accenture Plc (ACN) opened at $162.49 on Wednesday. The company has a market cap of $102,718.10, a PE ratio of 28.76, a P/E/G ratio of 2.43 and a beta of 1.01. Accenture Plc has a 12 month low of $114.82 and a 12 month high of $165.58.
Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.12. The company had revenue of $9.52 billion for the quarter, compared to the consensus estimate of $9.25 billion. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.58 EPS. analysts predict that Accenture Plc will post 6.65 earnings per share for the current year.
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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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