Bragg Financial Advisors Inc increased its position in Accenture PLC (NYSE:ACN) by 9.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 7,770 shares of the information technology services provider’s stock after buying an additional 670 shares during the period. Bragg Financial Advisors Inc’s holdings in Accenture PLC were worth $931,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACN. Waldron LP boosted its position in 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 during the last quarter. William Blair Investment Management LLC boosted its position in 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 during the last quarter. Hermes Investment Management Ltd. boosted its position in 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 position in 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 position in 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. Hedge funds and other institutional investors own 76.88% of the company’s stock.

Shares of Accenture PLC (NYSE:ACN) traded up 0.58% during trading on Monday, hitting $128.18. 529,020 shares of the company traded hands. The company has a 50-day moving average of $127.52 and a 200-day moving average of $122.97. The stock has a market capitalization of $79.21 billion, a PE ratio of 22.70 and a beta of 1.11. Accenture PLC has a 52-week low of $108.83 and a 52-week high of $130.67.

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

ILLEGAL ACTIVITY NOTICE: “Accenture PLC (ACN) Shares Bought by Bragg Financial Advisors Inc” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/21/accenture-plc-acn-shares-bought-by-bragg-financial-advisors-inc.html.

Several brokerages have issued reports on ACN. Zacks Investment Research cut shares of 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 shares of Accenture PLC and gave the stock a “hold” rating in a report on Friday, June 16th. BMO Capital Markets reiterated 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 increased their target price on shares of 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 reiterated 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 equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $130.71.

In related news, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $129.26, for a total value of $284,372.00. Following the completion of the transaction, the insider now directly owns 119,013 shares of the company’s stock, valued at $15,383,620.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Johan Deblaere sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $122.99, for a total value of $614,950.00. Following the completion of the transaction, the chief operating officer now directly owns 126,417 shares of the company’s stock, valued at $15,548,026.83. The disclosure for this sale can be found here. Insiders sold 79,817 shares of company stock valued at $9,920,929 over the last ninety days. 0.21% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN).

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

Receive News & Stock Ratings for Accenture PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture PLC and related stocks with our FREE daily email newsletter.