World Asset Management Inc decreased its stake in shares of Accenture PLC (NYSE:ACN) by 11.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,891 shares of the information technology services provider’s stock after selling 8,040 shares during the period. World Asset Management Inc’s holdings in Accenture PLC were worth $7,655,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Waldron LP boosted its position in shares of Accenture PLC by 93.3% during 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 last quarter. William Blair Investment Management LLC boosted its position in shares of Accenture PLC by 8.8% during the first quarter. William Blair Investment Management LLC now owns 641,952 shares of the information technology services provider’s stock valued at $76,957,000 after buying an additional 51,674 shares during the last quarter. Novare Capital Management LLC boosted its position in shares of Accenture PLC by 8.1% during the first quarter. Novare Capital Management LLC now owns 39,548 shares of the information technology services provider’s stock valued at $4,741,000 after buying an additional 2,950 shares during the last quarter. British Columbia Investment Management Corp boosted its position in shares of Accenture PLC by 9.0% during the first quarter. British Columbia Investment Management Corp now owns 606,894 shares of the information technology services provider’s stock valued at $72,754,000 after buying an additional 50,302 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Accenture PLC by 4.7% during the first quarter. Bank of New York Mellon Corp now owns 13,907,609 shares of the information technology services provider’s stock valued at $1,667,243,000 after buying an additional 625,381 shares during the last quarter. 77.80% of the stock is currently owned by institutional investors.

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In related news, insider Gianfranco Casati sold 5,000 shares of Accenture PLC 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 transaction, 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Pierre Nanterme sold 40,134 shares of Accenture PLC stock in a transaction on Monday, June 26th. The shares were sold at an average price of $123.02, for a total value of $4,937,284.68. Following the transaction, the chief executive officer now owns 222,362 shares in the company, valued at $27,354,973.24. The disclosure for this sale can be found here. Insiders have sold 79,817 shares of company stock worth $9,920,929 over the last quarter. 0.21% of the stock is owned by company insiders.

Accenture PLC (NYSE:ACN) opened at 130.10 on Tuesday. The stock’s 50 day moving average price is $128.85 and its 200-day moving average price is $123.97. Accenture PLC has a 12 month low of $108.83 and a 12 month high of $130.95. The stock has a market cap of $80.40 billion, a PE ratio of 23.04 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.52. The firm had revenue of $8.87 billion for 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 company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the business posted $1.41 EPS. Analysts anticipate that Accenture PLC will post $5.90 EPS for the current fiscal year.

ACN has been the topic of several analyst reports. SunTrust Banks, Inc. cut Accenture PLC from a “buy” rating to a “hold” rating and lifted their target price for the company from $122.15 to $130.00 in a research report on Wednesday, May 24th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a research report on Monday, May 29th. Zacks Investment Research cut Accenture PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. Robert W. Baird reaffirmed a “neutral” rating and set a $138.00 target price (up previously from $132.00) on shares of Accenture PLC in a research report on Wednesday, June 14th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and set a $138.00 target price (up previously from $131.50) on shares of Accenture PLC in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $131.17.

Accenture PLC 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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