Bartlett & Co. LLC boosted its stake in shares of Accenture PLC (NYSE:ACN) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,438 shares of the company’s stock after buying an additional 765 shares during the period. Bartlett & Co. LLC’s holdings in Accenture PLC were worth $12,512,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the stock. Torray LLC raised its position in shares of Accenture PLC by 42.5% in the first quarter. Torray LLC now owns 578,551 shares of the company’s stock valued at $66,765,000 after buying an additional 172,515 shares during the period. IFP Advisors Inc raised its position in shares of Accenture PLC by 18.1% in the first quarter. IFP Advisors Inc now owns 12,264 shares of the company’s stock valued at $1,415,000 after buying an additional 1,880 shares during the period. Virginia Retirement System purchased a new position in shares of Accenture PLC during the first quarter valued at approximately $37,059,000. Nisa Investment Advisors L.L.C. raised its position in shares of Accenture PLC by 0.5% in the first quarter. Nisa Investment Advisors L.L.C. now owns 139,670 shares of the company’s stock valued at $16,118,000 after buying an additional 650 shares during the period. Finally, Alexandria Capital LLC raised its position in shares of Accenture PLC by 103.2% in the first quarter. Alexandria Capital LLC now owns 58,199 shares of the company’s stock valued at $6,716,000 after buying an additional 29,555 shares during the period. Hedge funds and other institutional investors own 77.18% of the company’s stock.
Accenture PLC (NYSE:ACN) traded up 4.28% during mid-day trading on Thursday, hitting $121.64. The company’s stock had a trading volume of 7,643,380 shares. The firm’s 50-day moving average is $113.60 and its 200-day moving average is $114.45. Accenture PLC has a 12-month low of $91.40 and a 12-month high of $124.96. The company has a market cap of $75.73 billion, a P/E ratio of 20.56 and a beta of 1.17.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 29th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. The firm earned $8.49 billion during the quarter, compared to analyst estimates of $8.46 billion. Accenture PLC had a return on equity of 47.61% and a net margin of 11.24%. Accenture PLC’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.15 earnings per share. Analysts predict that Accenture PLC will post $5.33 EPS for the current fiscal year.
Several brokerages have recently commented on ACN. Susquehanna reiterated a “positive” rating and set a $130.00 price objective on shares of Accenture PLC in a research report on Wednesday, June 22nd. Sanford C. Bernstein restated a “market perform” rating and set a $112.00 target price (up from $104.00) on shares of Accenture PLC in a report on Wednesday, June 22nd. Bank of America Corp. restated a “hold” rating on shares of Accenture PLC in a report on Monday, June 20th. Cantor Fitzgerald restated a “buy” rating and set a $126.00 target price on shares of Accenture PLC in a report on Monday, June 20th. Finally, Credit Suisse Group AG cut Accenture PLC from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $120.94 to $120.00 in a report on Friday, June 24th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Accenture PLC currently has an average rating of “Buy” and an average target price of $121.07.
In related news, insider Richard P. Clark sold 876 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $113.43, for a total value of $99,364.68. Following the completion of the sale, the insider now owns 16,396 shares in the company, valued at $1,859,798.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Chad T. Jerdee sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $113.35, for a total value of $453,400.00. Following the completion of the sale, the general counsel now owns 28,755 shares of the company’s stock, valued at approximately $3,259,379.25. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.
Accenture PLC Company Profile
Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.
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