Accenture PLC (ACN) Shares Bought by WCM Investment Management CA
WCM Investment Management CA boosted its holdings in Accenture PLC (NYSE:ACN) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,888,520 shares of the information technology services provider’s stock after acquiring an additional 316,571 shares during the quarter. Accenture PLC accounts for about 9.3% of WCM Investment Management CA’s investment portfolio, making the stock its 4th largest position. WCM Investment Management CA owned 0.79% of Accenture PLC worth $604,612,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in ACN. BlackRock Inc. boosted 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 worth $4,730,821,000 after purchasing an additional 37,700,871 shares in the last quarter. Vanguard Group Inc. boosted 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 worth $5,679,843,000 after purchasing an additional 2,749,896 shares in the last quarter. Wellington Management Group LLP boosted 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 worth $2,587,385,000 after purchasing an additional 1,738,262 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Accenture PLC by 38.8% in the 1st quarter. Lazard Asset Management LLC now owns 4,297,555 shares of the information technology services provider’s stock worth $515,189,000 after purchasing an additional 1,202,048 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of Accenture PLC by 212.6% in the 1st quarter. Schroder Investment Management Group now owns 1,295,260 shares of the information technology services provider’s stock worth $156,105,000 after purchasing an additional 880,905 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.
A number of equities analysts have recently issued reports on ACN shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $135.00 price objective on shares of Accenture PLC in a report on Monday, May 29th. Berenberg Bank set a $140.00 price objective on Accenture PLC and gave the stock 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 for the company in a report on Monday, August 28th. BidaskClub cut Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, Cowen and Company restated a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Accenture PLC currently has an average rating of “Buy” and an average target price of $132.59.
In other Accenture PLC news, insider Gianfranco Casati sold 6,836 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $122.97, for a total value of $840,622.92. Following the sale, the insider now directly owns 61,714 shares of the company’s stock, valued at $7,588,970.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $127.51, for a total transaction of $280,522.00. Following the completion of the sale, the insider now directly owns 119,942 shares in the company, valued at $15,293,804.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,817 shares of company stock worth $9,920,929. 0.21% of the stock is owned by corporate insiders.
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Accenture PLC (NYSE ACN) opened at 135.35 on Monday. The stock has a 50 day moving average price of $130.42 and a 200-day moving average price of $124.76. The stock has a market capitalization of $83.64 billion, a P/E ratio of 23.97 and a beta of 1.11. Accenture PLC has a 1-year low of $109.12 and a 1-year high of $136.95.
Accenture PLC (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, meeting 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 for the quarter, compared to analyst estimates of $8.82 billion. During the same period in the prior year, the company earned $1.41 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. Equities research analysts expect that Accenture PLC will post $5.90 EPS for the current year.
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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