Advisors Asset Management Inc. lessened its holdings in shares of Accenture PLC (NYSE:ACN) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,086 shares of the information technology services provider’s stock after selling 6,158 shares during the period. Advisors Asset Management Inc.’s holdings in Accenture PLC were worth $13,739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake 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 buying an additional 2,749,896 shares during the period. BlackRock Inc. grew its stake 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 buying an additional 37,700,871 shares during the period. State Street Corp grew its stake 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 buying an additional 665,860 shares during the period. Wellington Management Group LLP grew its stake 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 buying an additional 1,738,262 shares during the period. Finally, Bank of New York Mellon Corp grew its stake 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 buying an additional 625,381 shares during the period. 77.80% of the stock is owned by institutional investors.

Shares of Accenture PLC (ACN) opened at 134.78 on Thursday. Accenture PLC has a one year low of $108.83 and a one year high of $136.95. The firm has a market capitalization of $83.29 billion, a price-to-earnings ratio of 23.87 and a beta of 1.11. The stock has a 50 day moving average of $129.89 and a 200-day moving average of $124.53.

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

Several research firms have recently weighed in on ACN. Berenberg Bank set a $140.00 price target on shares of Accenture PLC and gave the company a “buy” rating in a research note on Saturday, June 24th. Cowen and Company reissued a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research note on Friday, July 28th. BidaskClub cut shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Cantor Fitzgerald reissued a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research note on Monday, May 29th. Finally, SunTrust Banks, Inc. cut shares of Accenture PLC from a “buy” rating to a “hold” rating and increased their price target for the company from $122.15 to $130.00 in a research note on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $132.33.

In other news, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction on 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 directly owns 119,013 shares of the company’s stock, valued at $15,383,620.38. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gianfranco Casati sold 5,000 shares of the business’s 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 79,817 shares of company stock worth $9,920,929. Corporate insiders own 0.21% of the company’s stock.

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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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