William Blair Investment Management LLC lifted its position in shares of Accenture PLC (NYSE:ACN) by 20.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 775,538 shares of the information technology services provider’s stock after buying an additional 133,586 shares during the period. William Blair Investment Management LLC owned approximately 0.13% of Accenture PLC worth $95,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in ACN. BlackRock Inc. increased its holdings in shares of Accenture PLC by 2,139.5% during 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 buying an additional 37,700,871 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Accenture PLC by 6.2% during 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 buying an additional 2,749,896 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Accenture PLC by 8.8% during 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 buying an additional 1,738,262 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Accenture PLC by 38.8% during 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 buying an additional 1,202,048 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Accenture PLC by 212.6% during 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 buying an additional 880,905 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

ACN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Monday, August 28th. Cowen and Company raised their price target 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. Stifel Nicolaus increased their price objective on shares of Accenture PLC from $138.00 to $146.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. SunTrust Banks, Inc. cut shares of Accenture PLC from a “buy” rating to a “hold” rating and increased their price objective for the stock from $122.15 to $130.00 in a research report on Wednesday, May 24th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a research report on Monday, May 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $133.25.

In other Accenture PLC news, insider Julie Spellman Sweet sold 1,974 shares of the stock in a transaction on Friday, July 21st. The shares were sold at an average price of $128.68, for a total transaction of $254,014.32. Following the transaction, the insider now directly owns 14,082 shares in the company, valued at approximately $1,812,071.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gianfranco Casati sold 6,836 shares of the stock in a transaction on Monday, June 26th. The shares were sold at an average price of $122.97, for a total transaction of $840,622.92. Following the transaction, the insider now owns 61,714 shares in the company, valued at $7,588,970.58. 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 90 days. Insiders own 0.21% of the company’s stock.

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Shares of Accenture PLC (ACN) opened at 138.01 on Thursday. The stock’s 50 day moving average is $130.89 and its 200 day moving average is $124.97. Accenture PLC has a 52-week low of $109.50 and a 52-week high of $138.15. The stock has a market capitalization of $85.29 billion, a PE ratio of 24.44 and a beta of 1.11.

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

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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