Fortaleza Asset Management Inc. continued to hold its stake in shares of Accenture PLC (NYSE:ACN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,300 shares of the information technology services provider’s stock at the end of the first quarter. Accenture PLC accounts for 1.0% of Fortaleza Asset Management Inc.’s holdings, making the stock its 28th largest position. Fortaleza Asset Management Inc.’s holdings in Accenture PLC were worth $515,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ACN. Bingham Osborn & Scarborough LLC increased its stake in shares of Accenture PLC by 1.1% in the fourth quarter. Bingham Osborn & Scarborough LLC now owns 11,595 shares of the information technology services provider’s stock worth $1,358,000 after buying an additional 125 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Accenture PLC by 1.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 905,954 shares of the information technology services provider’s stock worth $106,114,000 after buying an additional 9,391 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Accenture PLC by 51.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 39,618 shares of the information technology services provider’s stock worth $4,640,000 after buying an additional 13,455 shares during the last quarter. Twin Capital Management Inc. increased its stake in shares of Accenture PLC by 11.3% in the fourth quarter. Twin Capital Management Inc. now owns 93,030 shares of the information technology services provider’s stock worth $10,897,000 after buying an additional 9,470 shares during the last quarter. Finally, Bessemer Group Inc. increased its stake in shares of Accenture PLC by 7.7% in the fourth quarter. Bessemer Group Inc. now owns 45,874 shares of the information technology services provider’s stock worth $5,373,000 after buying an additional 3,282 shares during the last quarter. 78.55% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

Shares of Accenture PLC (NYSE ACN) opened at 127.56 on Friday. The stock has a market cap of $79.10 billion, a PE ratio of 21.25 and a beta of 1.11. Accenture PLC has a 1-year low of $108.66 and a 1-year high of $128.00. The company’s 50-day moving average price is $123.34 and its 200 day moving average price is $120.32.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, March 23rd. The information technology services provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.03. Accenture PLC had a return on equity of 44.51% and a net margin of 10.67%. The firm had revenue of $8.32 billion during the quarter, compared to analyst estimates of $8.34 billion. During the same quarter last year, the firm earned $1.34 EPS. Accenture PLC’s quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts forecast that Accenture PLC will post $5.86 EPS for the current fiscal year.

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A number of brokerages recently issued reports on ACN. Wells Fargo & Company reissued an “outperform” rating and set a $138.00 price objective (up from $131.50) on shares of Accenture PLC in a research report on Friday. Morgan Stanley reissued an “equal weight” rating and set a $132.00 price objective (up from $125.00) on shares of Accenture PLC in a research report on Friday. Goldman Sachs Group, Inc. (The) downgraded Accenture PLC from a “neutral” rating to a “sell” rating and set a $110.00 price objective for the company. in a research report on Monday, April 3rd. Credit Suisse Group reissued a “hold” rating and set a $124.00 price objective on shares of Accenture PLC in a research report on Friday, March 24th. Finally, Robert W. Baird reissued a “neutral” rating and set a $138.00 price objective (up from $132.00) on shares of Accenture PLC in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Accenture PLC currently has an average rating of “Buy” and an average price target of $129.61.

In other Accenture PLC news, insider Richard P. Clark sold 10,715 shares of the stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of $119.31, for a total transaction of $1,278,406.65. Following the transaction, the insider now owns 18,987 shares of the company’s stock, valued at approximately $2,265,338.97. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel T. London sold 697 shares of the stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $117.29, for a total value of $81,751.13. Following the transaction, the insider now directly owns 27,179 shares in the company, valued at approximately $3,187,824.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,626 shares of company stock valued at $9,919,492. 0.21% of the stock is owned by insiders.

Accenture PLC Company 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.

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