Victory Capital Management Inc. Buys 328 Shares of Accenture PLC (ACN)
Victory Capital Management Inc. increased its position in shares of Accenture PLC (NYSE:ACN) by 3.1% during the second quarter, Holdings Channel reports. The fund owned 10,812 shares of the company’s stock after buying an additional 328 shares during the period. Victory Capital Management Inc.’s holdings in Accenture PLC were worth $1,225,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of ACN. Rehmann Capital Advisory Group increased its stake in Accenture PLC by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 4,684 shares of the company’s stock worth $531,000 after buying an additional 12 shares during the last quarter. FineMark National Bank & Trust increased its stake in shares of Accenture PLC by 0.4% in the second quarter. FineMark National Bank & Trust now owns 5,155 shares of the company’s stock worth $584,000 after buying an additional 22 shares during the last quarter. Pitcairn Co. increased its stake in shares of Accenture PLC by 1.2% in the second quarter. Pitcairn Co. now owns 2,000 shares of the company’s stock worth $227,000 after buying an additional 24 shares during the last quarter. Ropes Wealth Advisors LLC increased its stake in shares of Accenture PLC by 1.8% in the second quarter. Ropes Wealth Advisors LLC now owns 1,445 shares of the company’s stock worth $164,000 after buying an additional 25 shares during the last quarter. Finally, Round Table Services LLC increased its stake in shares of Accenture PLC by 1.4% in the second quarter. Round Table Services LLC now owns 2,097 shares of the company’s stock worth $238,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 77.18% of the company’s stock.
Accenture PLC (NYSE:ACN) traded up 0.60% on Wednesday, reaching $111.36. 1,099,381 shares of the company were exchanged. The firm has a market capitalization of $69.33 billion, a P/E ratio of 18.82 and a beta of 1.17. Accenture PLC has a 12-month low of $91.40 and a 12-month high of $120.78. The firm has a 50-day moving average of $113.25 and a 200 day moving average of $114.02.
Accenture PLC (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 23rd. The company reported $1.41 EPS for the quarter, hitting the consensus estimate of $1.41. The business had revenue of $8.43 billion for the quarter. Accenture PLC had a net margin of 11.24% and a return on equity of 47.61%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.30 EPS. On average, equities analysts predict that Accenture PLC will post $5.33 earnings per share for the current year.
A number of analysts have weighed in on ACN shares. Cowen and Company increased their price target on Accenture PLC from $118.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, May 31st. Cantor Fitzgerald reiterated a “buy” rating and set a $126.00 price target on shares of Accenture PLC in a report on Monday, June 20th. Bank of America Corp. reiterated a “hold” rating on shares of Accenture PLC in a report on Monday, June 20th. Sanford C. Bernstein reiterated a “market perform” rating and set a $112.00 price target (up from $104.00) on shares of Accenture PLC in a report on Wednesday, June 22nd. Finally, Susquehanna reiterated a “positive” rating and set a $130.00 price target on shares of Accenture PLC in a report on Wednesday, June 22nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Accenture PLC has an average rating of “Buy” and an average target price of $120.92.
In other news, CFO David Rowland sold 4,553 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $109.84, for a total value of $500,101.52. Following the transaction, the chief financial officer now owns 16,845 shares in the company, valued at $1,850,254.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Chad T. Jerdee sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $113.35, for a total transaction of $453,400.00. Following the completion of the transaction, the general counsel now owns 28,755 shares in the company, valued at approximately $3,259,379.25. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.
About Accenture PLC
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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