Greenleaf Trust increased its position in shares of Accenture PLC (NYSE:ACN) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,032 shares of the information technology services provider’s stock after buying an additional 690 shares during the period. Greenleaf Trust’s holdings in Accenture PLC were worth $1,859,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ACN. Vanguard Group Inc. increased its position in shares of 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 last quarter. BlackRock Inc. increased its position in shares of Accenture PLC by 2,139.5% in the first quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock valued at $4,730,821,000 after buying an additional 37,700,871 shares during the last quarter. State Street Corp increased its position in shares of Accenture PLC by 2.7% in the first quarter. State Street Corp now owns 25,356,641 shares of the information technology services provider’s stock valued at $3,039,762,000 after buying an additional 665,860 shares during the last quarter. Wellington Management Group LLP increased 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 valued at $2,587,385,000 after buying an additional 1,738,262 shares during the last quarter. Finally, Bank of New York Mellon Corp increased 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 valued at $1,667,243,000 after buying an additional 625,381 shares during the last quarter. 77.48% of the stock is currently owned by institutional investors.

Shares of Accenture PLC (NYSE:ACN) traded down 0.27% during mid-day trading on Thursday, hitting $129.27. 691,373 shares of the company’s stock traded hands. The company has a market cap of $79.89 billion, a PE ratio of 22.89 and a beta of 1.11. Accenture PLC has a 52 week low of $108.83 and a 52 week high of $130.67. The firm has a 50-day moving average of $126.45 and a 200 day moving average of $122.38.

Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.52. The firm had revenue of $8.87 billion during the quarter, compared to the consensus estimate of $8.82 billion. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 earnings per share. Equities research analysts predict that Accenture PLC will post $5.90 EPS for the current year.

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Several research analysts have recently commented on ACN shares. Zacks Investment Research downgraded Accenture PLC from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Morgan Stanley set a $132.00 target price on Accenture PLC and gave the stock a “hold” rating in a report on Friday, June 16th. BMO Capital Markets reissued 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. Cowen and Company boosted their target price on Accenture PLC from $131.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $138.00 target price (up from $131.50) on shares of Accenture PLC in a report on Friday, June 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Accenture PLC presently has a consensus rating of “Buy” and an average price target of $130.71.

In other news, insider Gianfranco Casati sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $130.00, for a total transaction of $650,000.00. Following the completion of the transaction, the insider now owns 56,014 shares of the company’s stock, valued at $7,281,820. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Chad T. Jerdee sold 3,200 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $122.97, for a total transaction of $393,504.00. Following the transaction, the general counsel now directly owns 18,566 shares of the company’s stock, valued at approximately $2,283,061.02. The disclosure for this sale can be found here. Insiders have sold 77,617 shares of company stock valued at $9,636,557 in the last ninety days. 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.

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

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