First Financial Corp IN Cuts Position in Accenture Plc (ACN)

First Financial Corp IN trimmed its position in Accenture Plc (NYSE:ACN) by 27.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,292 shares of the information technology services provider’s stock after selling 486 shares during the period. First Financial Corp IN’s holdings in Accenture were worth $197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC increased its position in shares of Accenture by 104.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after acquiring an additional 372 shares during the period. TCI Wealth Advisors Inc. increased its position in shares of Accenture by 23.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after acquiring an additional 162 shares during the period. Manchester Capital Management LLC increased its position in shares of Accenture by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after acquiring an additional 60 shares during the period. Captrust Financial Advisors acquired a new position in shares of Accenture in the 2nd quarter valued at $129,000. Finally, Monroe Bank & Trust MI increased its position in shares of Accenture by 37.3% in the 2nd quarter. Monroe Bank & Trust MI now owns 1,288 shares of the information technology services provider’s stock valued at $159,000 after acquiring an additional 350 shares during the period. 75.28% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the company. KeyCorp upped 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 reaffirmed a “hold” rating and issued a $164.00 price target on shares of Accenture in a report on Thursday, December 21st. Barclays upped their price target on shares of Accenture from $135.00 to $152.00 and gave the company an “equal weight” rating in a report on Friday, December 22nd. Cowen reaffirmed a “buy” rating and issued a $166.00 price target on shares of Accenture in a report on Friday, December 22nd. Finally, Zacks Investment Research lowered shares of Accenture from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $156.57.

Accenture Plc (NYSE:ACN) traded up $1.00 during mid-day trading on Tuesday, hitting $160.11. 2,048,900 shares of the stock traded hands, compared to its average volume of 2,200,511. Accenture Plc has a twelve month low of $112.31 and a twelve month high of $160.63. The stock has a market cap of $102,520.00, a price-to-earnings ratio of 28.39, a P/E/G ratio of 2.41 and a beta of 1.08.

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, topping the consensus estimate of $1.67 by $0.12. Accenture had a net margin of 9.43% and a return on equity of 41.79%. The firm had revenue of $9.52 billion during the quarter, compared to the consensus estimate of $9.25 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. equities research analysts expect that Accenture Plc will post 6.64 earnings per share for the current fiscal year.

In related news, insider Richard P. Clark sold 1,754 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $158.39, for a total transaction of $277,816.06. Following the completion of the transaction, the insider now owns 10,543 shares in the company, valued at approximately $1,669,905.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Richard P. Clark sold 1,433 shares of the company’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $158.37, for a total transaction of $226,944.21. Following the transaction, the chief accounting officer now owns 8,932 shares of the company’s stock, valued at approximately $1,414,560.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 82,116 shares of company stock valued at $12,211,924. Insiders own 0.21% of the company’s stock.

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About Accenture

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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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