Pillar Pacific Capital Management LLC decreased its position in shares of Accenture PLC (NYSE:ACN) by 5.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,657 shares of the company’s stock after selling 650 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Accenture PLC were worth $1,424,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in ACN. Vanguard Group Inc. increased its position in Accenture PLC by 1.3% in the second quarter. Vanguard Group Inc. now owns 42,881,280 shares of the company’s stock worth $4,858,020,000 after buying an additional 538,675 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Accenture PLC by 4.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 16,972,840 shares of the company’s stock worth $1,922,853,000 after buying an additional 784,025 shares during the period. FMR LLC increased its position in Accenture PLC by 39.4% in the second quarter. FMR LLC now owns 12,730,924 shares of the company’s stock worth $1,442,286,000 after buying an additional 3,595,128 shares during the period. BlackRock Fund Advisors increased its position in Accenture PLC by 4.2% in the second quarter. BlackRock Fund Advisors now owns 9,680,131 shares of the company’s stock worth $1,096,662,000 after buying an additional 391,383 shares during the period. Finally, Fiduciary Management Inc. WI increased its position in Accenture PLC by 0.5% in the second quarter. Fiduciary Management Inc. WI now owns 6,857,973 shares of the company’s stock worth $776,940,000 after buying an additional 34,047 shares during the period. Institutional investors and hedge funds own 76.84% of the company’s stock.

Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

Shares of Accenture PLC (NYSE:ACN) traded down 1.25% on Wednesday, reaching $119.43. 2,635,490 shares of the company traded hands. The firm has a market capitalization of $74.08 billion, a P/E ratio of 18.52 and a beta of 1.22. The stock has a 50-day moving average price of $117.77 and a 200 day moving average price of $115.85. Accenture PLC has a 1-year low of $91.40 and a 1-year high of $124.96.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 29th. The company reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.01. The business had revenue of $8.49 billion for the quarter. Accenture PLC had a net margin of 12.00% and a return on equity of 47.07%. The company’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.15 EPS. Analysts anticipate that Accenture PLC will post $5.93 EPS for the current fiscal year.

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ACN has been the subject of a number of analyst reports. Cantor Fitzgerald lifted their price target on Accenture PLC from $132.00 to $139.00 and gave the company a “buy” rating in a research note on Monday, October 3rd. BMO Capital Markets restated a “hold” rating and issued a $118.00 target price on shares of Accenture PLC in a research note on Sunday, August 7th. Wedbush assumed coverage on Accenture PLC in a research note on Thursday, September 8th. They issued an “outperform” rating and a $125.00 target price on the stock. Vetr upgraded Accenture PLC from a “buy” rating to a “strong-buy” rating and set a $130.00 target price on the stock in a research note on Thursday, October 20th. Finally, restated an “outperform” rating and issued a $135.00 target price (up previously from $126.00) on shares of Accenture PLC in a research note on Friday, September 30th. Ten analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $126.15.

In other news, insider Richard Lumb sold 2,500 shares of Accenture PLC stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $116.56, for a total transaction of $291,400.00. Following the transaction, the insider now owns 122,248 shares in the company, valued at approximately $14,249,226.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gianfranco Casati sold 5,000 shares of Accenture PLC stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $121.29, for a total transaction of $606,450.00. Following the transaction, the insider now owns 62,160 shares in the company, valued at approximately $7,539,386.40. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Accenture PLC Company 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.

5 Day Chart for NYSE:ACN

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