Los Angeles Capital Management & Equity Research Inc. increased its position in Accenture PLC (NYSE:ACN) by 14.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 632,012 shares of the information technology services provider’s stock after buying an additional 80,090 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Accenture PLC were worth $75,766,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Waldron LP boosted its stake in shares of Accenture PLC by 93.3% in the first quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock valued at $684,000 after buying an additional 2,756 shares during the period. Osborn Williams & Donohoe LLC boosted its stake in shares of Accenture PLC by 1.4% in the first quarter. Osborn Williams & Donohoe LLC now owns 33,820 shares of the information technology services provider’s stock worth $4,054,000 after buying an additional 465 shares during the last quarter. Hermes Investment Management Ltd. boosted its stake in shares of Accenture PLC by 4.3% in the first quarter. Hermes Investment Management Ltd. now owns 478,527 shares of the information technology services provider’s stock worth $57,366,000 after buying an additional 19,687 shares during the last quarter. Novare Capital Management LLC boosted its stake in shares of Accenture PLC by 8.1% in the first quarter. Novare Capital Management LLC now owns 39,548 shares of the information technology services provider’s stock worth $4,741,000 after buying an additional 2,950 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. boosted its stake in shares of Accenture PLC by 9.3% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 2,269 shares of the information technology services provider’s stock worth $272,000 after buying an additional 193 shares during the last quarter. 77.44% of the stock is owned by hedge funds and other institutional investors.

Shares of Accenture PLC (ACN) traded up 0.14% during trading on Friday, reaching $130.20. 1,283,185 shares of the company traded hands. The stock has a market capitalization of $80.46 billion, a PE ratio of 23.06 and a beta of 1.11. The firm’s 50-day moving average is $126.05 and its 200-day moving average is $121.87. Accenture PLC has a 12-month low of $108.83 and a 12-month high of $130.67.

Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.52. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The business had revenue of $8.87 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter in the previous year, the company earned $1.41 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts predict that Accenture PLC will post $5.90 earnings per share for the current fiscal year.

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A number of equities research analysts have recently issued reports on the stock. Berenberg Bank set a $140.00 target price on shares of Accenture PLC and gave the company a “buy” rating in a report on Saturday, June 24th. Cowen and Company reiterated a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research note on Friday, July 28th. BidaskClub lowered shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Cantor Fitzgerald reiterated a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research note on Monday, May 29th. Finally, SunTrust Banks, Inc. lowered shares of Accenture PLC from a “buy” rating to a “hold” rating and upped their price target for the company from $122.15 to $130.00 in a research note on Wednesday, May 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $130.71.

In related news, insider Julie Spellman Sweet sold 1,974 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $128.68, for a total transaction of $254,014.32. Following the completion of the sale, the insider now directly owns 14,082 shares in the company, valued at approximately $1,812,071.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gianfranco Casati sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $130.00, for a total transaction of $650,000.00. Following the completion of the transaction, the insider now owns 56,014 shares of the company’s stock, valued at $7,281,820. The disclosure for this sale can be found here. In the last three months, insiders sold 79,817 shares of company stock valued at $9,902,889. Corporate insiders own 0.21% of the company’s stock.

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.

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

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