American National Registered Investment Advisor Inc. held its position in Accenture PLC (NYSE:ACN) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,400 shares of the information technology services provider’s stock at the end of the second quarter. American National Registered Investment Advisor Inc.’s holdings in Accenture PLC were worth $668,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Accenture PLC by 6.2% in the first quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock worth $5,679,843,000 after buying an additional 2,749,896 shares in the last quarter. BlackRock Inc. raised its position in Accenture PLC by 2,139.5% in the first quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock worth $4,730,821,000 after buying an additional 37,700,871 shares in the last quarter. State Street Corp raised its position in Accenture PLC by 2.7% in the first quarter. State Street Corp now owns 25,356,641 shares of the information technology services provider’s stock worth $3,039,762,000 after buying an additional 665,860 shares in the last quarter. Wellington Management Group LLP raised its position in Accenture PLC by 8.8% in the first quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock worth $2,587,385,000 after buying an additional 1,738,262 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Accenture PLC by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 13,907,609 shares of the information technology services provider’s stock worth $1,667,243,000 after buying an additional 625,381 shares in the last quarter. Institutional investors own 77.35% of the company’s stock.
Shares of Accenture PLC (ACN) opened at 126.86 on Wednesday. The stock has a market capitalization of $78.40 billion, a P/E ratio of 22.47 and a beta of 1.11. Accenture PLC has a 52-week low of $108.83 and a 52-week high of $128.47. The firm has a 50-day moving average price of $125.19 and a 200-day moving average price of $120.97.
Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, meeting the consensus estimate of $1.52. The firm had revenue of $8.87 billion for the quarter, compared to analysts’ expectations of $8.82 billion. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.41 EPS. On average, analysts predict that Accenture PLC will post $5.90 EPS for the current year.
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ACN has been the topic of a number of recent research reports. Morgan Stanley set a $132.00 target price on Accenture PLC and gave the company a “hold” rating in a report on Friday, June 16th. BMO Capital Markets restated a “hold” rating and issued a $123.00 target price on shares of Accenture PLC in a report on Thursday, March 23rd. Deutsche Bank AG raised their target price on Accenture PLC from $127.00 to $133.00 and gave the company a “buy” rating in a report on Friday, March 24th. Robert W. Baird restated a “neutral” rating and issued a $138.00 target price (up previously from $132.00) on shares of Accenture PLC in a report on Wednesday, June 14th. Finally, Cowen and Company raised their target price on Accenture PLC from $131.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Accenture PLC has a consensus rating of “Buy” and a consensus price target of $130.71.
In other news, CEO Pierre Nanterme sold 40,134 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $123.02, for a total value of $4,937,284.68. Following the completion of the sale, the chief executive officer now directly owns 222,362 shares in the company, valued at approximately $27,354,973.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $120.00, for a total value of $264,000.00. Following the completion of the sale, the insider now owns 122,626 shares of the company’s stock, valued at $14,715,120. The disclosure for this sale can be found here. Insiders sold a total of 72,457 shares of company stock valued at $8,895,106 over the last 90 days. 0.21% of the stock is currently owned by company insiders.
About Accenture PLC
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.
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