M&R Capital Management Inc. Has $7,048,000 Position in Accenture PLC (ACN)

M&R Capital Management Inc. cut its stake in shares of Accenture PLC (NYSE:ACN) by 1.6% during the fourth quarter, Holdings Channel reports. The firm owned 60,174 shares of the company’s stock after selling 955 shares during the period. Accenture PLC comprises about 1.9% of M&R Capital Management Inc.’s portfolio, making the stock its 17th largest position. M&R Capital Management Inc.’s holdings in Accenture PLC were worth $7,048,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Institutional Trust Company N.A. increased its position in shares of Accenture PLC by 4.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 16,972,840 shares of the company’s stock valued at $1,922,853,000 after buying an additional 784,025 shares during the period. Northern Trust Corp increased its position in shares of Accenture PLC by 0.7% in the third quarter. Northern Trust Corp now owns 10,155,135 shares of the company’s stock valued at $1,240,653,000 after buying an additional 72,055 shares during the period. BlackRock Fund Advisors increased its position in shares of Accenture PLC by 3.8% in the third quarter. BlackRock Fund Advisors now owns 10,044,836 shares of the company’s stock valued at $1,227,178,000 after buying an additional 364,705 shares during the period. BlackRock Group LTD increased its position in shares of Accenture PLC by 8.8% in the second quarter. BlackRock Group LTD now owns 6,383,898 shares of the company’s stock valued at $723,231,000 after buying an additional 514,661 shares during the period. Finally, Longview Partners Guernsey LTD increased its position in shares of Accenture PLC by 0.8% in the third quarter. Longview Partners Guernsey LTD now owns 6,214,163 shares of the company’s stock valued at $759,184,000 after buying an additional 48,029 shares during the period. Institutional investors own 77.70% of the company’s stock.

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

Shares of Accenture PLC (NYSE:ACN) opened at 117.60 on Friday. The firm has a market cap of $73.22 billion, a price-to-earnings ratio of 17.40 and a beta of 1.17. The firm has a 50 day moving average of $115.81 and a 200 day moving average of $116.35. Accenture PLC has a 52 week low of $95.48 and a 52 week high of $125.72.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Wednesday, December 21st. The company reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.09. Accenture PLC had a return on equity of 46.99% and a net margin of 12.34%. The firm earned $8.50 billion during the quarter, compared to the consensus estimate of $8.59 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The business’s revenue was up 6.3% on a year-over-year basis. Equities analysts predict that Accenture PLC will post $5.87 earnings per share for the current fiscal year.

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ACN has been the subject of several analyst reports. Berenberg Bank reiterated a “buy” rating and issued a $140.00 price target on shares of Accenture PLC in a report on Sunday, January 8th. Vetr raised shares of Accenture PLC from a “buy” rating to a “strong-buy” rating and set a $130.68 price objective for the company in a research note on Tuesday, January 3rd. Zacks Investment Research cut shares of Accenture PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, December 13th. Cantor Fitzgerald set a $139.00 price objective on shares of Accenture PLC and gave the company a “buy” rating in a research note on Tuesday, December 13th. Finally, Barclays PLC lowered their price objective on shares of Accenture PLC from $128.00 to $124.00 and set an “equal weight” rating for the company in a research note on Thursday, December 22nd. Eleven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $126.31.

In related news, insider Daniel T. London sold 4,437 shares of the company’s stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $115.87, for a total transaction of $514,115.19. Following the completion of the transaction, the insider now owns 30,580 shares in the company, valued at $3,543,304.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Johan Deblaere sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 23rd. The shares were sold at an average price of $117.64, for a total value of $588,200.00. Following the transaction, the chief operating officer now owns 132,328 shares of the company’s stock, valued at approximately $15,567,065.92. The disclosure for this sale can be found here. Insiders sold 14,986 shares of company stock valued at $1,755,155 in the last quarter. Corporate insiders own 0.21% of the company’s stock.

About Accenture PLC

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.

5 Day Chart for NYSE:ACN

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