22,217 Shares in Accenture Plc (ACN) Acquired by Banco de Sabadell S.A

Banco de Sabadell S.A purchased a new position in Accenture Plc (NYSE:ACN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,217 shares of the information technology services provider’s stock, valued at approximately $3,401,000.

Other hedge funds have also bought and sold shares of the company. Atlanta Capital Management Co. L L C boosted its position in shares of Accenture by 4.6% during the 3rd quarter. Atlanta Capital Management Co. L L C now owns 580,977 shares of the information technology services provider’s stock valued at $78,472,000 after acquiring an additional 25,671 shares during the last quarter. MU Investments Co. Ltd. bought a new position in shares of Accenture during the 4th quarter valued at approximately $5,654,000. Tiedemann Wealth Management LLC boosted its position in shares of Accenture by 13.8% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 7,066 shares of the information technology services provider’s stock valued at $551,000 after acquiring an additional 858 shares during the last quarter. Somerset Trust Co bought a new position in shares of Accenture during the 4th quarter valued at approximately $1,522,000. Finally, Wealthfront Inc. boosted its position in shares of Accenture by 9.6% during the 4th quarter. Wealthfront Inc. now owns 23,247 shares of the information technology services provider’s stock valued at $3,559,000 after acquiring an additional 2,043 shares during the last quarter. Institutional investors and hedge funds own 75.57% of the company’s stock.

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Shares of ACN stock opened at $162.88 on Wednesday. Accenture Plc has a twelve month low of $114.82 and a twelve month high of $165.58. The firm has a market capitalization of $102,209.88, a price-to-earnings ratio of 28.83, a P/E/G ratio of 2.42 and a beta of 1.01.

Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, December 21st. The information technology services provider reported $1.79 earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the prior year, the firm posted $1.58 EPS. Accenture’s quarterly revenue was up 11.8% compared to the same quarter last year. analysts forecast that Accenture Plc will post 6.65 earnings per share for the current year.

In other Accenture news, insider Gianfranco Casati sold 5,000 shares of the stock in a transaction 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 owns 46,202 shares in the company, valued at $7,065,209.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Richard Lumb sold 2,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $155.34, for a total value of $310,680.00. Following the completion of the sale, the insider now owns 121,041 shares in the company, valued at approximately $18,802,508.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 117,249 shares of company stock worth $18,106,228. Insiders own 0.21% of the company’s stock.

A number of research firms have recently commented on ACN. KeyCorp increased their target price on Accenture from $157.00 to $172.00 and gave the company an “overweight” rating in a research report on Saturday, December 30th. SunTrust Banks reiterated a “hold” rating and set a $164.00 target price on shares of Accenture in a research report on Thursday, December 21st. Barclays increased their target price on Accenture from $135.00 to $152.00 and gave the company an “equal weight” rating in a research report on Friday, December 22nd. Cowen reiterated a “buy” rating and set a $166.00 target price on shares of Accenture in a research report on Friday, December 22nd. Finally, Susquehanna Bancshares reiterated a “hold” rating and set a $145.00 target price on shares of Accenture in a research report on Tuesday, December 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $159.04.

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Accenture Profile

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.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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