Executive Wealth Management LLC Purchases 1,235 Shares of Accenture Plc (NYSE:ACN)

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Executive Wealth Management LLC lifted its position in shares of Accenture Plc (NYSE:ACN) by 6.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,155 shares of the information technology services provider’s stock after purchasing an additional 1,235 shares during the period. Executive Wealth Management LLC’s holdings in Accenture were worth $3,909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ACN. Mitchell Capital Management Co. lifted its stake in shares of Accenture by 1.4% in the first quarter. Mitchell Capital Management Co. now owns 4,140 shares of the information technology services provider’s stock worth $729,000 after acquiring an additional 56 shares during the period. Private Trust Co. NA lifted its stake in shares of Accenture by 1.6% in the second quarter. Private Trust Co. NA now owns 3,642 shares of the information technology services provider’s stock worth $672,000 after acquiring an additional 57 shares during the period. Enterprise Bank & Trust Co lifted its stake in shares of Accenture by 0.7% in the second quarter. Enterprise Bank & Trust Co now owns 9,780 shares of the information technology services provider’s stock worth $1,807,000 after acquiring an additional 65 shares during the period. Convergence Investment Partners LLC lifted its stake in shares of Accenture by 4.5% in the first quarter. Convergence Investment Partners LLC now owns 1,578 shares of the information technology services provider’s stock worth $278,000 after acquiring an additional 68 shares during the period. Finally, KC Investment Advisors LLC lifted its stake in shares of Accenture by 3.1% in the first quarter. KC Investment Advisors LLC now owns 2,335 shares of the information technology services provider’s stock worth $411,000 after acquiring an additional 70 shares during the period. Institutional investors own 69.57% of the company’s stock.

In other news, insider Richard Lumb sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $186.35, for a total transaction of $372,700.00. Following the completion of the sale, the insider now owns 77,240 shares in the company, valued at $14,393,674. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Gianfranco Casati sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $194.00, for a total value of $970,000.00. Following the sale, the insider now owns 36,713 shares of the company’s stock, valued at approximately $7,122,322. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,760 shares of company stock valued at $4,353,328. Corporate insiders own 0.18% of the company’s stock.

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

NYSE ACN opened at $192.88 on Wednesday. The company has a market capitalization of $128.67 billion, a P/E ratio of 28.62, a price-to-earnings-growth ratio of 2.53 and a beta of 1.04. Accenture Plc has a 52 week low of $132.63 and a 52 week high of $197.47. The firm’s 50 day moving average price is $191.87.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, June 27th. The information technology services provider reported $1.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.04. The firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $11.03 billion. Accenture had a return on equity of 36.24% and a net margin of 10.93%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.79 earnings per share. As a group, sell-side analysts expect that Accenture Plc will post 7.33 earnings per share for the current fiscal year.

About Accenture

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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