Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its stake in shares of Accenture PLC (NYSE:ACN) by 22.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,759 shares of the information technology services provider’s stock after selling 25,841 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Accenture PLC were worth $11,349,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ACN. Vanguard Group Inc. increased its holdings in shares of Accenture PLC by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock valued at $5,679,843,000 after acquiring an additional 2,749,896 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Accenture PLC by 2,139.5% in the 1st quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock valued at $4,730,821,000 after acquiring an additional 37,700,871 shares during the last quarter. State Street Corp increased its holdings in shares of Accenture PLC by 2.7% in the 1st quarter. State Street Corp now owns 25,356,641 shares of the information technology services provider’s stock valued at $3,039,762,000 after acquiring an additional 665,860 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Accenture PLC by 8.8% in the 1st quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock valued at $2,587,385,000 after acquiring an additional 1,738,262 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Accenture PLC by 4.7% in the 1st 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 acquiring an additional 625,381 shares during the last quarter. Institutional investors own 77.80% of the company’s stock.

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Shares of Accenture PLC (ACN) opened at 136.23 on Tuesday. Accenture PLC has a 52-week low of $108.83 and a 52-week high of $136.26. The firm has a market capitalization of $84.19 billion, a PE ratio of 24.12 and a beta of 1.11. The firm’s 50-day moving average price is $129.47 and its 200-day moving average price is $124.35.

Accenture PLC (NYSE:ACN) last posted its earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.52. The company had revenue of $8.87 billion during 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 earnings per share. On average, equities analysts predict that Accenture PLC will post $5.90 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the company. Berenberg Bank set a $140.00 price objective on Accenture PLC and gave the company a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Wednesday, September 6th. Cowen and Company reiterated a “buy” rating and issued a $135.00 price objective on shares of Accenture PLC in a report on Friday, July 28th. BidaskClub downgraded Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $138.00 price objective (up previously from $132.00) on shares of Accenture PLC in a report on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $131.53.

In other news, General Counsel Chad T. Jerdee sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $122.97, for a total transaction of $393,504.00. Following the completion of the transaction, the general counsel now directly owns 18,566 shares of the company’s stock, valued at $2,283,061.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gianfranco Casati sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $130.00, for a total value of $650,000.00. Following the transaction, the insider now directly owns 56,014 shares of the company’s stock, valued at $7,281,820. The disclosure for this sale can be found here. Insiders have sold 79,817 shares of company stock valued at $9,920,929 over the last ninety days. 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.

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

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