Praesidium Investment Management Company LLC decreased its position in Accenture PLC (NYSE:ACN) by 4.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 813,533 shares of the information technology services provider’s stock after selling 41,700 shares during the period. Accenture PLC makes up approximately 8.0% of Praesidium Investment Management Company LLC’s investment portfolio, making the stock its 6th largest position. Praesidium Investment Management Company LLC’s holdings in Accenture PLC were worth $97,526,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ACN. 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 worth $684,000 after buying an additional 2,756 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of Accenture PLC by 8.8% in the first quarter. William Blair Investment Management LLC now owns 641,952 shares of the information technology services provider’s stock worth $76,957,000 after buying an additional 51,674 shares in 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 in 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 in 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 in the last quarter. Institutional investors own 77.48% of the company’s stock.

Accenture PLC (ACN) traded down 0.03% during mid-day trading on Friday, hitting $128.20. The stock had a trading volume of 1,105,546 shares. The stock has a market capitalization of $79.23 billion, a P/E ratio of 22.70 and a beta of 1.11. The company’s 50 day moving average is $126.66 and its 200-day moving average is $122.51. Accenture PLC has a 52 week low of $108.83 and a 52 week high of $130.67.

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

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A number of research analysts recently weighed in on the company. Zacks Investment Research lowered Accenture PLC from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Morgan Stanley set a $132.00 target price on Accenture PLC and gave the stock a “hold” rating in a report on Friday, June 16th. BMO Capital Markets reissued a “hold” rating and set a $130.00 target price (up from $125.00) on shares of Accenture PLC in a report on Thursday, June 22nd. Cowen and Company boosted their target price on Accenture PLC from $131.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $138.00 target price (up from $131.50) on shares of Accenture PLC in a report on Friday, June 16th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Accenture PLC presently has an average rating of “Buy” and a consensus price target of $130.71.

In other news, General Counsel Chad T. Jerdee sold 3,200 shares of Accenture PLC stock in a transaction on Monday, June 26th. The stock was sold at an average price of $122.97, for a total value of $393,504.00. Following the completion of the transaction, the general counsel now directly owns 18,566 shares in the company, valued at $2,283,061.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gianfranco Casati sold 6,836 shares of Accenture PLC stock in a transaction on Monday, June 26th. The shares were sold at an average price of $122.97, for a total value of $840,622.92. Following the completion of the transaction, the insider now owns 61,714 shares of the company’s stock, valued at $7,588,970.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,817 shares of company stock worth $9,920,929. 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.

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

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