KCG Holdings Inc. raised its position in Accenture PLC (NYSE:ACN) by 132.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,762 shares of the information technology services provider’s stock after buying an additional 6,708 shares during the period. KCG Holdings Inc.’s holdings in Accenture PLC were worth $1,410,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Spirit of America Management Corp NY raised its position 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. raised its position 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 raised its position 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 raised its position 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 raised its position 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 (ACN) traded up 0.004% during midday trading on Tuesday, reaching $129.685. 109,058 shares of the company traded hands. The company’s 50 day moving average is $126.05 and its 200-day moving average is $121.87. Accenture PLC has a 12 month low of $108.83 and a 12 month high of $129.89. The stock has a market capitalization of $80.14 billion, a price-to-earnings ratio of 22.965 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, meeting the Thomson Reuters’ 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 analyst estimates of $8.82 billion. During the same quarter last year, the firm posted $1.41 earnings per share. Accenture PLC’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts forecast that Accenture PLC will post $5.90 earnings per share for the current fiscal year.

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Several research firms have weighed in on ACN. BidaskClub lowered shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Cowen and Company reiterated 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 reiterated 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 reiterated 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 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 assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $130.71.

In related news, insider Gianfranco Casati sold 5,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 56,014 shares in the company, valued at $7,281,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Richard Lumb sold 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $121.06, for a total transaction of $266,332.00. Following the completion of the transaction, the insider now owns 121,710 shares in the company, valued at approximately $14,734,212.60. The disclosure for this sale can be found here. Insiders sold 79,817 shares of company stock worth $9,902,889 in the last 90 days. 0.21% of the stock is currently owned by insiders.

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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