Accenture PLC (ACN) Shares Bought by Family Firm Inc.

Family Firm Inc. boosted its stake in shares of Accenture PLC (NYSE:ACN) by 40.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,627 shares of the information technology services provider’s stock after purchasing an additional 755 shares during the period. Family Firm Inc.’s holdings in Accenture PLC were worth $325,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ACN. Waldron LP grew its position in Accenture PLC by 93.3% during the 1st quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock worth $684,000 after purchasing an additional 2,756 shares during the last quarter. Tyers Asset Management LLC grew its position in Accenture PLC by 574.4% during the 1st quarter. Tyers Asset Management LLC now owns 40,062 shares of the information technology services provider’s stock worth $4,803,000 after purchasing an additional 34,122 shares during the last quarter. Eqis Capital Management Inc. grew its position in Accenture PLC by 17.9% during the 1st quarter. Eqis Capital Management Inc. now owns 18,925 shares of the information technology services provider’s stock worth $2,269,000 after purchasing an additional 2,880 shares during the last quarter. Compass Capital Management Inc. grew its position in Accenture PLC by 3.2% during the 1st quarter. Compass Capital Management Inc. now owns 190,518 shares of the information technology services provider’s stock worth $22,839,000 after purchasing an additional 5,944 shares during the last quarter. Finally, Wrapmanager Inc. grew its position in Accenture PLC by 7.7% during the 1st quarter. Wrapmanager Inc. now owns 3,580 shares of the information technology services provider’s stock worth $429,000 after purchasing an additional 256 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors.

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Several research firms have weighed in on ACN. BMO Capital Markets reissued a “hold” rating and set a $130.00 target price (up previously from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Monday, August 28th. Wells Fargo & Co reissued an “outperform” rating and set a $138.00 target price (up previously from $131.50) on shares of Accenture PLC in a research report on Friday, June 16th. Berenberg Bank reissued a “buy” rating and set a $160.00 target price on shares of Accenture PLC in a research report on Thursday. Finally, Robert W. Baird boosted their target price on shares of Accenture PLC from $142.00 to $148.00 and gave the stock a “neutral” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Accenture PLC presently has a consensus rating of “Buy” and an average price target of $135.07.

Accenture PLC (NYSE ACN) opened at 137.90 on Monday. The firm has a market capitalization of $85.22 billion, a PE ratio of 24.42 and a beta of 1.11. Accenture PLC has a 52-week low of $109.50 and a 52-week high of $138.15. The firm’s 50-day moving average is $130.89 and its 200-day moving average is $124.97.

Accenture PLC (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.52. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The firm had revenue of $8.87 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the firm posted $1.41 EPS. Accenture PLC’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts anticipate that Accenture PLC will post $5.90 earnings per share for the current year.

In other Accenture PLC news, insider Julie Spellman Sweet sold 1,974 shares of the business’s 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 sale, the insider now directly owns 14,082 shares in the company, valued at approximately $1,812,071.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $127.51, for a total transaction of $280,522.00. Following the sale, the insider now owns 119,942 shares in the company, valued at $15,293,804.42. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,582 shares of company stock worth $2,634,573. 0.21% of the stock is currently owned by insiders.

Accenture PLC 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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