Cambridge Investment Research Advisors Inc. increased its position in shares of Accenture PLC (NYSE:ACN) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,589 shares of the information technology services provider’s stock after purchasing an additional 428 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Accenture PLC were worth $4,278,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bellwether Investment Group LLC boosted its stake in shares of Accenture PLC by 64.2% during the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after purchasing an additional 359 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Accenture PLC by 2.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock worth $117,000 after purchasing an additional 19 shares during the period. Opera Trading Capital purchased a new position in shares of Accenture PLC during the 1st quarter worth about $119,000. Harbour Capital Advisors LLC purchased a new position in shares of Accenture PLC during the 1st quarter worth about $122,000. Finally, Farmers & Merchants Investments Inc. boosted its stake in shares of Accenture PLC by 28.9% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,115 shares of the information technology services provider’s stock worth $138,000 after purchasing an additional 250 shares during the period. 77.73% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Ellyn Shook sold 4,400 shares of Accenture PLC stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $125.00, for a total value of $550,000.00. Following the completion of the transaction, the insider now owns 37,344 shares in the company, valued at $4,668,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard Lumb sold 2,200 shares of Accenture PLC stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $129.26, for a total transaction of $284,372.00. Following the completion of the transaction, the insider now owns 119,013 shares of the company’s stock, valued at approximately $15,383,620.38. The disclosure for this sale can be found here. Insiders sold 20,582 shares of company stock valued at $2,634,573 in the last quarter. 0.21% of the stock is owned by insiders.

A number of equities analysts recently commented on ACN shares. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Monday, August 28th. Cowen and Company lifted their price target on shares of Accenture PLC from $131.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 28th. Stifel Nicolaus lifted their price target on shares of Accenture PLC from $138.00 to $146.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. BMO Capital Markets reissued a “hold” rating and issued a $130.00 price objective (up from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. Finally, Morgan Stanley set a $132.00 price objective on shares of Accenture PLC and gave the company a “hold” rating in a research report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Accenture PLC currently has a consensus rating of “Buy” and an average price target of $135.53.

Accenture PLC (NYSE:ACN) opened at 136.64 on Thursday. Accenture PLC has a 1-year low of $109.50 and a 1-year high of $138.15. The company’s 50 day moving average is $130.89 and its 200 day moving average is $124.97. The company has a market cap of $84.44 billion, a price-to-earnings ratio of 24.20 and a beta of 1.11.

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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.

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

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