Honkamp Krueger Financial Services Inc. reduced its holdings in shares of Accenture Plc (NYSE:ACN) by 38.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,456 shares of the information technology services provider’s stock after selling 1,554 shares during the quarter. Honkamp Krueger Financial Services Inc.’s holdings in Accenture were worth $376,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in ACN. YorkBridge Wealth Partners LLC raised its position in Accenture by 2.8% in the second quarter. YorkBridge Wealth Partners LLC now owns 10,113 shares of the information technology services provider’s stock valued at $1,253,000 after purchasing an additional 272 shares during the last quarter. HighTower Advisors LLC raised its position in Accenture by 21.2% in the second quarter. HighTower Advisors LLC now owns 78,142 shares of the information technology services provider’s stock valued at $9,658,000 after purchasing an additional 13,680 shares during the last quarter. Employees Retirement System of Texas raised its position in Accenture by 6.3% in the second quarter. Employees Retirement System of Texas now owns 255,510 shares of the information technology services provider’s stock valued at $31,601,000 after purchasing an additional 15,200 shares during the last quarter. QCM Cayman Ltd. bought a new position in Accenture in the second quarter valued at about $428,000. Finally, Zurich Insurance Group Ltd FI bought a new position in Accenture in the second quarter valued at about $10,757,000. Institutional investors and hedge funds own 74.64% of the company’s stock.
In related news, insider Richard Lumb sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $155.34, for a total transaction of $310,680.00. Following the completion of the sale, the insider now owns 121,041 shares of the company’s stock, valued at $18,802,508.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gianfranco Casati sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $152.92, for a total value of $764,600.00. Following the sale, the insider now directly owns 46,202 shares of the company’s stock, valued at approximately $7,065,209.84. The disclosure for this sale can be found here. Insiders have sold 117,249 shares of company stock valued at $18,106,228 in the last ninety days. 0.21% of the stock is currently owned by insiders.
ACN has been the subject of several research reports. Cowen set a $150.00 target price on Accenture and gave the company a “buy” rating in a research report on Monday, October 23rd. KeyCorp reiterated a “buy” rating and issued a $149.00 target price on shares of Accenture in a research report on Sunday, October 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 target price on shares of Accenture in a research report on Friday, November 3rd. Pivotal Research initiated coverage on Accenture in a research report on Wednesday, November 8th. They issued a “buy” rating and a $165.00 target price for the company. Finally, Evercore ISI increased their target price on Accenture from $148.00 to $162.00 and gave the company a “reduce” rating in a research report on Thursday, November 16th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $156.57.
Accenture Plc (ACN) opened at $162.66 on Tuesday. Accenture Plc has a 1 year low of $114.82 and a 1 year high of $163.60. The stock has a market capitalization of $103,334.33, a PE ratio of 28.79, a PEG ratio of 2.45 and a beta of 1.05.
Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.12. Accenture had a return on equity of 41.79% and a net margin of 9.43%. The company had revenue of $9.52 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same period last year, the company earned $1.58 earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. equities analysts forecast that Accenture Plc will post 6.65 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This article was first reported by Stock Observer and is owned by of Stock Observer. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.thestockobserver.com/2018/02/20/accenture-plc-acn-position-decreased-by-honkamp-krueger-financial-services-inc.html.
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.
Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture Plc (NYSE:ACN).
Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.