Herndon Capital Management LLC decreased its stake in Accenture PLC (NYSE:ACN) by 23.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 535,939 shares of the company’s stock after selling 164,094 shares during the period. Accenture PLC makes up 2.3% of Herndon Capital Management LLC’s investment portfolio, making the stock its 22nd largest position. Herndon Capital Management LLC owned 0.09% of Accenture PLC worth $60,717,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cribstone Capital Management LLC acquired a new position in shares of Accenture PLC during the second quarter valued at approximately $104,000. Joel Isaacson & Co. LLC raised its position in shares of Accenture PLC by 18.0% in the second quarter. Joel Isaacson & Co. LLC now owns 1,215 shares of the company’s stock valued at $138,000 after buying an additional 185 shares during the period. City Holding Co. raised its position in shares of Accenture PLC by 8.4% in the second quarter. City Holding Co. now owns 1,221 shares of the company’s stock valued at $138,000 after buying an additional 95 shares during the period. Loomis Sayles & Co. L P raised its position in shares of Accenture PLC by 89.3% in the first quarter. Loomis Sayles & Co. L P now owns 1,662 shares of the company’s stock valued at $192,000 after buying an additional 784 shares during the period. Finally, Quadrant Capital Group LLC raised its position in shares of Accenture PLC by 7.0% in the second quarter. Quadrant Capital Group LLC now owns 1,873 shares of the company’s stock valued at $201,000 after buying an additional 123 shares during the period. Institutional investors own 77.17% of the company’s stock.

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

Accenture PLC (NYSE:ACN) traded up 0.43% during midday trading on Wednesday, reaching $116.82. 2,263,239 shares of the company’s stock traded hands. The stock has a 50-day moving average of $115.21 and a 200 day moving average of $115.17. Accenture PLC has a 52-week low of $91.40 and a 52-week high of $124.96. The company has a market cap of $72.73 billion, a P/E ratio of 18.11 and a beta of 1.25.

Accenture PLC (NYSE:ACN) last released its quarterly earnings data on Thursday, September 29th. The company reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.01. Accenture PLC had a net margin of 12.00% and a return on equity of 47.07%. The firm earned $8.49 billion during the quarter. During the same period last year, the firm earned $1.15 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts anticipate that Accenture PLC will post $5.93 earnings per share for the current fiscal year.

Several research analysts have recently commented on the stock. Deutsche Bank AG restated a “buy” rating on shares of Accenture PLC in a research note on Sunday, June 26th. Royal Bank Of Canada restated a “buy” rating on shares of Accenture PLC in a research note on Sunday, June 26th. Credit Suisse Group AG set a $124.00 price target on shares of Accenture PLC and gave the stock a “hold” rating in a research note on Saturday, October 1st. Susquehanna reaffirmed a “positive” rating and set a $130.00 price objective on shares of Accenture PLC in a report on Wednesday, June 22nd. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Accenture PLC in a report on Thursday, June 30th. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Accenture PLC has an average rating of “Buy” and a consensus price target of $125.32.

In other Accenture PLC news, insider Gianfranco Casati sold 5,000 shares of Accenture PLC stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $121.29, for a total transaction of $606,450.00. Following the completion of the transaction, the insider now directly owns 62,160 shares of the company’s stock, valued at $7,539,386.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Richard P. Clark sold 876 shares of Accenture PLC stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $113.43, for a total transaction of $99,364.68. Following the transaction, the insider now directly owns 16,396 shares of the company’s stock, valued at $1,859,798.28. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

Accenture PLC Company Profile

Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.

5 Day Chart for NYSE:ACN

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