Bridges Investment Counsel Inc. increased its position in shares of Accenture PLC (NYSE:ACN) by 39.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,750 shares of the information technology services provider’s stock after buying an additional 3,323 shares during the period. Bridges Investment Counsel Inc.’s holdings in Accenture PLC were worth $1,453,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Spirit of America Management Corp NY increased its stake in Accenture PLC by 18.6% in the first quarter. Spirit of America Management Corp NY now owns 5,750 shares of the information technology services provider’s stock worth $689,000 after buying an additional 900 shares during the last quarter. Orrstown Financial Services Inc. increased its stake in Accenture PLC by 3.4% in the first quarter. Orrstown Financial Services Inc. now owns 10,743 shares of the information technology services provider’s stock worth $1,288,000 after buying an additional 350 shares during the last quarter. Regentatlantic Capital LLC increased its stake in Accenture PLC by 5.1% in the first quarter. Regentatlantic Capital LLC now owns 6,682 shares of the information technology services provider’s stock worth $801,000 after buying an additional 322 shares during the last quarter. Bank of Montreal Can increased its stake in Accenture PLC by 25.8% in the first quarter. Bank of Montreal Can now owns 1,200,894 shares of the information technology services provider’s stock worth $143,963,000 after buying an additional 246,406 shares during the last quarter. Finally, Perkins Coie Trust Co increased its stake in Accenture PLC by 0.9% in the first quarter. Perkins Coie Trust Co now owns 13,683 shares of the information technology services provider’s stock worth $1,640,000 after buying an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 77.48% of the company’s stock.

Shares of Accenture PLC (NYSE ACN) traded down 0.035% on Tuesday, hitting $129.635. 338,884 shares of the stock traded hands. The stock has a market cap of $80.11 billion, a price-to-earnings ratio of 22.956 and a beta of 1.11. Accenture PLC has a 12-month low of $108.83 and a 12-month high of $129.89. 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 announced its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, meeting the consensus estimate of $1.52. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. The company had revenue of $8.87 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter last year, the company posted $1.41 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts anticipate that Accenture PLC will post $5.90 earnings per share for the current fiscal year.

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A number of equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Cowen and Company restated a “buy” rating and issued a $135.00 target price on shares of Accenture PLC in a report on Friday, July 28th. Morgan Stanley set a $132.00 target price on shares of Accenture PLC and gave the company a “hold” rating in a report on Friday, June 16th. Robert W. Baird restated a “neutral” rating and issued a $138.00 target price (up from $132.00) on shares of Accenture PLC in a report on Wednesday, June 14th. Finally, BMO Capital Markets restated a “hold” rating and issued a $130.00 target price (up from $125.00) on shares of Accenture PLC in a report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $130.71.

In other Accenture PLC news, insider Richard Lumb sold 2,200 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $121.06, for a total transaction of $266,332.00. Following the transaction, the insider now owns 121,710 shares in the company, valued at $14,734,212.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 79,817 shares of company stock worth $9,902,889. Corporate insiders own 0.21% 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.

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

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