Lipe & Dalton bought a new stake in Accenture Plc (NYSE:ACN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 230 shares of the information technology services provider’s stock, valued at approximately $42,000.
A number of other large investors have also recently modified their holdings of the business. Lenox Wealth Advisors LLC boosted its holdings in shares of Accenture by 297.1% in the second quarter. Lenox Wealth Advisors LLC now owns 135 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 101 shares during the period. Truvestments Capital LLC acquired a new position in shares of Accenture in the first quarter valued at approximately $27,000. Financial Gravity Wealth Inc. acquired a new position in shares of Accenture in the first quarter valued at approximately $30,000. Semmax Financial Advisors Inc. acquired a new position in shares of Accenture in the first quarter valued at approximately $32,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of Accenture by 455.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 189 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 155 shares during the period. 69.42% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on ACN. Citigroup upped their price target on shares of Accenture from $194.00 to $211.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Credit Suisse Group set a $180.00 price target on shares of Accenture and gave the company a “hold” rating in a report on Friday, June 28th. Wells Fargo & Co increased their target price on shares of Accenture from $193.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Argus increased their target price on shares of Accenture to $220.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Bank of America increased their target price on shares of Accenture from $182.00 to $186.00 and gave the stock a “neutral” rating in a report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $192.38.
Shares of ACN stock opened at $193.01 on Friday. The firm has a market capitalization of $129.41 billion, a PE ratio of 28.64, a P/E/G ratio of 2.54 and a beta of 1.04. The company has a fifty day moving average price of $190.60. Accenture Plc has a one year low of $132.63 and a one year high of $197.47.
Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, June 27th. The information technology services provider reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. The firm had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $11.03 billion. Accenture had a net margin of 10.93% and a return on equity of 36.24%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.79 earnings per share. Equities research analysts forecast that Accenture Plc will post 7.33 earnings per share for the current fiscal year.
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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