Nomura Asset Management Co. Ltd. raised its stake in shares of Accenture PLC (NYSE:ACN) by 3.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,346 shares of the information technology services provider’s stock after buying an additional 2,165 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Accenture PLC were worth $9,033,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ACN. Coconut Grove Bank raised its position in Accenture PLC by 75.7% in the first quarter. Coconut Grove Bank now owns 845 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 364 shares during the period. Farmers & Merchants Investments Inc. raised its position in Accenture PLC by 1.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 865 shares of the information technology services provider’s stock valued at $104,000 after buying an additional 11 shares during the period. Howe & Rusling Inc. raised its position in Accenture PLC by 14.2% in the first quarter. Howe & Rusling Inc. now owns 908 shares of the information technology services provider’s stock valued at $109,000 after buying an additional 113 shares during the period. Bellwether Investment Group LLC raised its position in Accenture PLC by 64.2% in the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after buying an additional 359 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in Accenture PLC by 2.0% in the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after buying an additional 19 shares during the period. 76.88% of the stock is owned by institutional investors and hedge funds.

Accenture PLC (ACN) traded up 0.29% during mid-day trading on Friday, hitting $127.96. 523,259 shares of the company were exchanged. The company has a 50 day moving average of $127.39 and a 200 day moving average of $122.88. The stock has a market cap of $79.08 billion, a P/E ratio of 22.66 and a beta of 1.11. Accenture PLC has a 12-month low of $108.83 and a 12-month high of $130.67.

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

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Several research firms have recently commented on ACN. Berenberg Bank set a $140.00 price target 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 objective on shares of Accenture PLC in a research report on Friday, July 28th. BidaskClub downgraded shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Robert W. Baird reiterated a “neutral” rating and issued a $138.00 price objective (up from $132.00) on shares of Accenture PLC in a research report on Wednesday, June 14th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $138.00 price objective (up from $131.50) on shares of Accenture PLC in a research report on Friday, June 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $130.71.

In other Accenture PLC news, insider Gianfranco Casati sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $130.00, for a total transaction of $650,000.00. Following the transaction, the insider now directly owns 56,014 shares in the company, valued at approximately $7,281,820. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $129.26, for a total transaction of $284,372.00. Following the transaction, the insider now owns 119,013 shares in the company, valued at $15,383,620.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,817 shares of company stock worth $9,920,929. Corporate insiders own 0.21% of the company’s stock.

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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