TIAA CREF Investment Management LLC boosted its position in shares of Accenture PLC (NYSE:ACN) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,731,624 shares of the information technology services provider’s stock after buying an additional 36,603 shares during the period. TIAA CREF Investment Management LLC’s holdings in Accenture PLC were worth $447,347,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of ACN. Wellington Management Group LLP raised its position in shares of 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 during the last quarter. Bank of New York Mellon Corp raised its position in shares of 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 during the last quarter. WCM Investment Management CA raised its position in shares of Accenture PLC by 5.3% in the first quarter. WCM Investment Management CA now owns 4,571,949 shares of the information technology services provider’s stock worth $548,085,000 after buying an additional 231,700 shares during the last quarter. Polen Capital Management LLC raised its position in shares of Accenture PLC by 7.9% in the first quarter. Polen Capital Management LLC now owns 4,413,852 shares of the information technology services provider’s stock worth $529,133,000 after buying an additional 324,386 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Accenture PLC by 0.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,645,348 shares of the information technology services provider’s stock worth $426,979,000 after buying an additional 25,957 shares during the last quarter. 77.43% of the stock is owned by hedge funds and other institutional investors.

Accenture PLC (NYSE:ACN) opened at 128.01 on Tuesday. Accenture PLC has a 52-week low of $108.83 and a 52-week high of $128.96. The firm has a market capitalization of $79.11 billion, a P/E ratio of 22.67 and a beta of 1.11. The firm’s 50-day moving average is $125.59 and its 200 day moving average is $121.29.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, hitting the consensus estimate 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 analysts’ expectations of $8.82 billion. During the same period in the previous year, the firm posted $1.41 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts anticipate that Accenture PLC will post $5.90 EPS for the current year.

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ACN has been the subject of a number of research reports. Morgan Stanley set a $132.00 price target on Accenture PLC and gave the company a “hold” rating in a research note on Friday, June 16th. Robert W. Baird reaffirmed a “neutral” rating and set a $138.00 price target (up from $132.00) on shares of Accenture PLC in a research note on Wednesday, June 14th. Cowen and Company increased their price objective on Accenture PLC from $131.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. Cantor Fitzgerald reiterated a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a research report on Monday, May 29th. Finally, Goldman Sachs Group, Inc. (The) downgraded Accenture PLC from a “neutral” rating to a “sell” rating and set a $110.00 price objective for the company. in a research report on Monday, April 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Accenture PLC currently has a consensus rating of “Buy” and a consensus price target of $130.71.

In other Accenture PLC news, General Counsel Chad T. Jerdee sold 3,200 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $122.97, for a total transaction of $393,504.00. Following the sale, the general counsel now directly owns 18,566 shares of the company’s stock, valued at approximately $2,283,061.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ellyn Shook sold 2,200 shares of the business’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $119.02, for a total transaction of $261,844.00. Following the sale, the insider now directly owns 43,261 shares in the company, valued at $5,148,924.22. The disclosure for this sale can be found here. Insiders have sold a total of 74,431 shares of company stock worth $9,165,642 over the last three months. 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.

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

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