RMB Capital Management LLC Has $11.92 Million Stake in Accenture PLC (NYSE:ACN)
RMB Capital Management LLC raised its stake in Accenture PLC (NYSE:ACN) by 4.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 99,462 shares of the information technology services provider’s stock after buying an additional 3,985 shares during the period. RMB Capital Management LLC’s holdings in Accenture PLC were worth $11,923,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake 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 valued at $5,679,843,000 after buying an additional 2,749,896 shares during the period. Wellington Management Group LLP boosted its stake 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 valued at $2,587,385,000 after buying an additional 1,738,262 shares during the period. Lazard Asset Management LLC boosted its stake in Accenture PLC by 38.8% in the first quarter. Lazard Asset Management LLC now owns 4,297,555 shares of the information technology services provider’s stock valued at $515,189,000 after buying an additional 1,202,048 shares during the period. Schroder Investment Management Group boosted its stake in Accenture PLC by 212.6% in the first quarter. Schroder Investment Management Group now owns 1,295,260 shares of the information technology services provider’s stock valued at $156,105,000 after buying an additional 880,905 shares during the period. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in Accenture PLC during the first quarter valued at about $79,874,000. Institutional investors and hedge funds own 77.44% of the company’s stock.
Accenture PLC (NYSE ACN) traded up 0.14% on Friday, reaching $130.20. The company’s stock had a trading volume of 1,283,185 shares. Accenture PLC has a 1-year low of $108.83 and a 1-year high of $130.67. The company has a market capitalization of $80.46 billion, a price-to-earnings ratio of 23.06 and a beta of 1.11. The stock has a 50 day moving average price of $126.05 and a 200-day moving average price of $121.87.
Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.52. The firm had revenue of $8.87 billion during 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%. Accenture PLC’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 earnings per share. Equities analysts predict that Accenture PLC will post $5.90 earnings per share for the current fiscal year.
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Several equities research analysts have recently issued reports on ACN shares. Cowen and Company raised their price objective on Accenture PLC from $131.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. Zacks Investment Research cut Accenture PLC from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. SunTrust Banks, Inc. cut Accenture PLC from a “buy” rating to a “hold” rating and raised their price objective for the stock from $122.15 to $130.00 in a report on Wednesday, May 24th. Cantor Fitzgerald restated a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a report on Monday, May 29th. Finally, 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 report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Accenture PLC presently has an average rating of “Buy” and a consensus target price of $130.71.
In related news, insider Gianfranco Casati sold 5,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $130.00, for a total value of $650,000.00. Following the completion of the sale, the insider now directly owns 56,014 shares in the company, valued at $7,281,820. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Julie Spellman Sweet sold 1,974 shares of the company’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $128.68, for a total transaction of $254,014.32. Following the completion of the sale, the insider now owns 14,082 shares of the company’s stock, valued at $1,812,071.76. The disclosure for this sale can be found here. Insiders sold 79,817 shares of company stock valued at $9,902,889 over the last quarter. 0.21% of the stock is currently owned by corporate insiders.
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.
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