Mirador Capital Partners LP purchased a new position in shares of Accenture PLC (NYSE:ACN) during the first quarter, according to its most recent disclosure with the SEC. The fund purchased 3,345 shares of the information technology services provider’s stock, valued at approximately $401,000.
A number of other hedge funds and other institutional investors have also modified their holdings of ACN. Waldron LP increased its position in shares of Accenture PLC by 93.3% in the first quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock worth $684,000 after buying an additional 2,756 shares in the last quarter. Osborn Williams & Donohoe LLC increased its position in shares of Accenture PLC by 1.4% in the first quarter. Osborn Williams & Donohoe LLC now owns 33,820 shares of the information technology services provider’s stock worth $4,054,000 after buying an additional 465 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of Accenture PLC by 8.8% in the first quarter. William Blair Investment Management LLC now owns 641,952 shares of the information technology services provider’s stock valued at $76,957,000 after buying an additional 51,674 shares during the last quarter. Hermes Investment Management Ltd. boosted its stake in shares of Accenture PLC by 4.3% in the first quarter. Hermes Investment Management Ltd. now owns 478,527 shares of the information technology services provider’s stock valued at $57,366,000 after buying an additional 19,687 shares during the last quarter. Finally, Novare Capital Management LLC boosted its stake in shares of Accenture PLC by 8.1% in the first quarter. Novare Capital Management LLC now owns 39,548 shares of the information technology services provider’s stock valued at $4,741,000 after buying an additional 2,950 shares during the last quarter. 76.88% of the stock is owned by hedge funds and other institutional investors.
Accenture PLC (NYSE ACN) traded up 0.56% during midday trading on Wednesday, reaching $130.11. The company had a trading volume of 1,063,948 shares. Accenture PLC has a one year low of $108.83 and a one year high of $130.67. The firm has a market capitalization of $80.41 billion, a P/E ratio of 23.04 and a beta of 1.11. The stock’s 50 day moving average price is $127.06 and its 200-day moving average price is $122.79.
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 Thomson Reuters’ 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 net margin of 9.92% and a return on equity of 43.96%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.41 EPS. On average, equities research analysts anticipate that Accenture PLC will post $5.90 earnings per share for the current year.
ACN has been the topic of several research reports. Zacks Investment Research cut Accenture PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, May 30th. Morgan Stanley set a $132.00 price objective on Accenture PLC and gave the company a “hold” rating in a research note on Friday, June 16th. BMO Capital Markets restated a “hold” rating and set a $130.00 price objective (up previously from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. Cowen and Company increased their price target on Accenture PLC from $131.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 28th. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $138.00 target price (up from $131.50) on shares of Accenture PLC in a research report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $130.71.
In other Accenture PLC news, insider Gianfranco Casati sold 6,836 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $122.97, for a total transaction of $840,622.92. Following the transaction, the insider now owns 61,714 shares in the company, valued at approximately $7,588,970.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Richard Lumb sold 2,200 shares of the stock in a transaction that occurred 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 approximately $15,293,804.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,817 shares of company stock worth $9,920,929. Company insiders own 0.21% of the company’s stock.
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.
Receive News & Ratings for Accenture PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture PLC and related companies with MarketBeat.com's FREE daily email newsletter.
