Pendal Group Ltd lifted its stake in shares of Accenture Plc (NYSE:ACN) by 1.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,029,005 shares of the information technology services provider’s stock after buying an additional 20,235 shares during the quarter. Accenture makes up approximately 5.0% of Pendal Group Ltd’s portfolio, making the stock its 4th biggest position. Pendal Group Ltd owned 0.30% of Accenture worth $362,250,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Charter Trust Co. grew its position in shares of Accenture by 4.8% during the second quarter. Charter Trust Co. now owns 1,644 shares of the information technology services provider’s stock worth $304,000 after buying an additional 75 shares in the last quarter. Hartwell J M Limited Partnership grew its position in shares of Accenture by 7.8% during the second quarter. Hartwell J M Limited Partnership now owns 3,774 shares of the information technology services provider’s stock worth $697,000 after buying an additional 274 shares in the last quarter. Capital Advisors Ltd. LLC grew its position in shares of Accenture by 87.3% during the second quarter. Capital Advisors Ltd. LLC now owns 768 shares of the information technology services provider’s stock worth $142,000 after buying an additional 358 shares in the last quarter. Wrapmanager Inc. grew its position in shares of Accenture by 13.3% during the second quarter. Wrapmanager Inc. now owns 6,882 shares of the information technology services provider’s stock worth $1,272,000 after buying an additional 807 shares in the last quarter. Finally, CWM LLC grew its position in shares of Accenture by 58.7% during the second quarter. CWM LLC now owns 55,543 shares of the information technology services provider’s stock worth $10,263,000 after buying an additional 20,553 shares in the last quarter. 69.57% of the stock is owned by institutional investors and hedge funds.

Accenture stock traded up $2.94 during trading hours on Tuesday, hitting $192.94. The stock had a trading volume of 124,594 shares, compared to its average volume of 1,598,895. The company has a market cap of $128.67 billion, a PE ratio of 28.59, a price-to-earnings-growth ratio of 2.53 and a beta of 1.04. Accenture Plc has a 1-year low of $132.63 and a 1-year high of $197.47. The firm has a fifty day simple moving average of $191.74.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 27th. The information technology services provider reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. The business had revenue of $11.10 billion for the quarter, compared to analyst estimates of $11.03 billion. Accenture had a return on equity of 36.24% and a net margin of 10.93%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.79 earnings per share. Equities research analysts anticipate that Accenture Plc will post 7.33 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on the company. BMO Capital Markets upped their price target on Accenture from $185.00 to $195.00 and gave the company a “positive” rating in a report on Friday, June 28th. Wells Fargo & Co increased their price objective on Accenture from $193.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. UBS Group set a $190.00 price objective on Accenture and gave the stock a “hold” rating in a research report on Friday, June 28th. Credit Suisse Group set a $180.00 target price on Accenture and gave the company a “hold” rating in a report on Friday, June 28th. Finally, Deutsche Bank upped their target price on Accenture from $180.00 to $190.00 and gave the company a “buy” rating in a report on Monday, June 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $192.38.

In related news, insider Gianfranco Casati sold 5,000 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $194.00, for a total transaction of $970,000.00. Following the sale, the insider now owns 36,713 shares of the company’s stock, valued at $7,122,322. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Rowland sold 2,330 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $187.78, for a total value of $437,527.40. Following the sale, the chief executive officer now directly owns 24,318 shares in the company, valued at approximately $4,566,434.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,760 shares of company stock worth $4,353,328. Corporate insiders own 0.18% of the company’s stock.

Accenture Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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