Bronfman E.L. Rothschild L.P. Buys 2,602 Shares of Accenture Plc (ACN)

Bronfman E.L. Rothschild L.P. increased its stake in shares of Accenture Plc (NYSE:ACN) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 342,681 shares of the information technology services provider’s stock after acquiring an additional 2,602 shares during the period. Accenture comprises approximately 4.3% of Bronfman E.L. Rothschild L.P.’s investment portfolio, making the stock its 4th largest holding. Bronfman E.L. Rothschild L.P. owned 0.05% of Accenture worth $48,321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACN. Eagle Capital Management LLC increased its position in Accenture by 1.5% during the third quarter. Eagle Capital Management LLC now owns 22,516 shares of the information technology services provider’s stock worth $3,832,000 after buying an additional 342 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Accenture by 157.6% in the third quarter. Victory Capital Management Inc. now owns 32,632 shares of the information technology services provider’s stock valued at $5,554,000 after purchasing an additional 19,965 shares during the last quarter. Chartwell Investment Partners LLC grew its position in shares of Accenture by 18.8% in the third quarter. Chartwell Investment Partners LLC now owns 33,440 shares of the information technology services provider’s stock valued at $5,691,000 after purchasing an additional 5,282 shares during the last quarter. Piedmont Investment Advisors Inc. grew its position in shares of Accenture by 14.1% in the third quarter. Piedmont Investment Advisors Inc. now owns 122,160 shares of the information technology services provider’s stock valued at $20,792,000 after purchasing an additional 15,093 shares during the last quarter. Finally, Weatherly Asset Management L. P. grew its position in shares of Accenture by 6.9% in the third quarter. Weatherly Asset Management L. P. now owns 8,517 shares of the information technology services provider’s stock valued at $1,450,000 after purchasing an additional 550 shares during the last quarter. Institutional investors and hedge funds own 70.14% of the company’s stock.

Shares of NYSE:ACN opened at $166.39 on Friday. The company has a market cap of $110.52 billion, a P/E ratio of 24.69, a P/E/G ratio of 2.20 and a beta of 1.11. Accenture Plc has a 1 year low of $132.63 and a 1 year high of $175.64.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, December 20th. The information technology services provider reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.12. The business had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $10.54 billion. Accenture had a return on equity of 40.31% and a net margin of 9.99%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.79 earnings per share. Analysts forecast that Accenture Plc will post 7.2 EPS for the current fiscal year.

In other Accenture news, insider Richard Lumb sold 2,000 shares of the company’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $155.88, for a total transaction of $311,760.00. Following the completion of the sale, the insider now directly owns 131,024 shares in the company, valued at $20,424,021.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Chad T. Jerdee sold 2,441 shares of the company’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $140.00, for a total value of $341,740.00. Following the sale, the general counsel now owns 11,775 shares of the company’s stock, valued at $1,648,500. The disclosure for this sale can be found here. Insiders have sold 61,033 shares of company stock worth $8,466,177 in the last three months. 0.18% of the stock is currently owned by company insiders.

Several research firms have recently commented on ACN. KeyCorp reaffirmed a “buy” rating and issued a $173.00 target price on shares of Accenture in a research report on Friday, December 21st. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a research report on Monday, December 10th. Bank of America raised Accenture from a “neutral” rating to a “buy” rating and set a $143.07 target price on the stock in a research report on Tuesday, January 8th. They noted that the move was a valuation call. SunTrust Banks set a $157.00 target price on Accenture and gave the company a “hold” rating in a research report on Wednesday, January 2nd. Finally, Morgan Stanley set a $178.00 target price on Accenture and gave the company a “buy” rating in a research report on Friday, December 21st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the stock. Accenture currently has an average rating of “Buy” and a consensus target price of $173.84.

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About Accenture

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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