Prudential Financial Inc. boosted its position in Accenture PLC (NYSE:ACN) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,119,246 shares of the information technology services provider’s stock after buying an additional 31,823 shares during the period. Prudential Financial Inc.’s holdings in Accenture PLC were worth $254,055,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. William Blair Investment Management LLC raised its stake in Accenture PLC by 30.1% in the fourth quarter. William Blair Investment Management LLC now owns 590,278 shares of the information technology services provider’s stock worth $69,139,000 after buying an additional 136,406 shares during the period. GSA Capital Partners LLP boosted its position in Accenture PLC by 125.6% in the fourth quarter. GSA Capital Partners LLP now owns 34,165 shares of the information technology services provider’s stock worth $4,002,000 after buying an additional 19,020 shares in the last quarter. Franklin Resources Inc. boosted its position in Accenture PLC by 0.7% in the fourth quarter. Franklin Resources Inc. now owns 4,514,505 shares of the information technology services provider’s stock worth $528,782,000 after buying an additional 32,017 shares in the last quarter. Fiera Capital Corp boosted its position in Accenture PLC by 483.1% in the fourth quarter. Fiera Capital Corp now owns 165,924 shares of the information technology services provider’s stock worth $19,435,000 after buying an additional 137,469 shares in the last quarter. Finally, Intellectus Partners LLC bought a new position in Accenture PLC during the fourth quarter worth approximately $586,000. 77.44% of the stock is currently owned by institutional investors and hedge funds.

Accenture PLC (NYSE ACN) traded up 0.14% during mid-day trading on Friday, reaching $130.20. 1,283,185 shares of the company’s stock were exchanged. Accenture PLC has a one year low of $108.83 and a one year high of $130.67. The company’s 50-day moving average is $126.05 and its 200 day moving average is $121.87. The firm has a market capitalization of $80.46 billion, a P/E ratio of 23.06 and a beta of 1.11.

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

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ACN has been the subject of a number of research reports. BidaskClub cut shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Cowen and Company reissued a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research note on Friday, July 28th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Accenture PLC in a research note on Monday, May 29th. Berenberg Bank set a $140.00 price objective on shares of Accenture PLC and gave the company a “buy” rating in a research note on Saturday, June 24th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $130.00 price objective (up previously from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $130.71.

In other Accenture PLC news, insider Gianfranco Casati sold 5,000 shares of the business’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 sale, the insider now directly owns 56,014 shares in the company, valued at $7,281,820. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Julie Spellman Sweet sold 1,974 shares of the business’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $128.68, for a total value of $254,014.32. Following the sale, the insider now owns 14,082 shares in the company, valued at $1,812,071.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 79,817 shares of company stock worth $9,902,889. 0.21% of the stock is owned by company insiders.

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.

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

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