Personal CFO Solutions LLC Grows Stock Position in Accenture plc (NYSE:ACN)


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Personal CFO Solutions LLC boosted its position in Accenture plc (NYSE:ACN) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,888 shares of the information technology services provider’s stock after buying an additional 249 shares during the quarter. Accenture makes up about 0.8% of Personal CFO Solutions LLC’s holdings, making the stock its 27th largest position. Personal CFO Solutions LLC’s holdings in Accenture were worth $3,105,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ACN. Clear Harbor Asset Management LLC purchased a new position in shares of Accenture in the third quarter valued at $25,000. Cowa LLC bought a new stake in Accenture during the fourth quarter valued at $31,000. Fiduciary Planning LLC bought a new stake in Accenture during the third quarter valued at $34,000. Adams Wealth Management bought a new stake in Accenture during the third quarter valued at $36,000. Finally, Key Financial Inc bought a new stake in Accenture during the fourth quarter valued at $36,000. Institutional investors own 70.99% of the company’s stock.

In other Accenture news, insider Jean-Marc Ollagnier sold 1,657 shares of the company’s stock in a transaction that occurred on Monday, December 21st. The stock was sold at an average price of $260.79, for a total transaction of $432,129.03. Following the transaction, the insider now owns 179,548 shares in the company, valued at approximately $46,824,322.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Julie Spellman Sweet sold 1,701 shares of the company’s stock in a transaction that occurred on Thursday, February 11th. The stock was sold at an average price of $259.44, for a total value of $441,307.44. Following the transaction, the chief executive officer now owns 22,294 shares in the company, valued at approximately $5,783,955.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,915 shares of company stock worth $9,882,906. 0.07% of the stock is owned by company insiders.

NYSE:ACN traded up $2.13 during mid-day trading on Tuesday, reaching $254.76. 43,676 shares of the company’s stock traded hands, compared to its average volume of 1,850,512. Accenture plc has a 12-month low of $137.15 and a 12-month high of $271.18. The firm has a market capitalization of $167.86 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 3.09 and a beta of 1.08. The company has a 50 day moving average price of $255.16 and a 200-day moving average price of $242.23.

Accenture (NYSE:ACN) last announced its quarterly earnings results on Wednesday, December 16th. The information technology services provider reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.12. Accenture had a return on equity of 29.32% and a net margin of 11.74%. The company had revenue of $11.76 billion for the quarter, compared to the consensus estimate of $11.36 billion. During the same quarter in the previous year, the business earned $2.09 EPS. Accenture’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts expect that Accenture plc will post 8.22 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 12th. Investors of record on Thursday, January 14th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Wednesday, January 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.38%. Accenture’s dividend payout ratio is presently 47.18%.

Several equities research analysts recently issued reports on the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price objective on Accenture from $265.00 to $303.00 in a research note on Friday, December 18th. Berenberg Bank lifted their price objective on Accenture from $258.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, February 2nd. Susquehanna Bancshares lowered Accenture from a “positive” rating to a “neutral” rating and set a $250.00 price objective for the company. in a research note on Monday, December 7th. Barclays lifted their price target on Accenture from $245.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, December 21st. Finally, The Goldman Sachs Group assumed coverage on Accenture in a research note on Thursday, November 19th. They set a “buy” rating and a $278.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $250.76.

About Accenture

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company also provides outsourcing services. It serves communications, media, high tech, software, and platform companies; banking, capital market, and insurance industries; and consumer goods, retail, travel services, industrial, and life science industries, as well as clients in health, public service, chemicals and natural resources, energy, and utilities sectors.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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