Level Four Advisory Services LLC raised its position in shares of Accenture PLC (NYSE:ACN) by 10.5% during the first quarter, Holdings Channel reports. The institutional investor owned 2,178 shares of the information technology services provider’s stock after buying an additional 207 shares during the period. Level Four Advisory Services LLC’s holdings in Accenture PLC were worth $257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its position 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 worth $5,679,843,000 after buying an additional 2,749,896 shares in the last quarter. BlackRock Inc. increased its position in 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 worth $4,730,821,000 after buying an additional 37,700,871 shares in the last quarter. State Street Corp increased its position in 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 worth $3,039,762,000 after buying an additional 665,860 shares in the last quarter. Wellington Management Group LLP increased its position 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 worth $2,587,385,000 after buying an additional 1,738,262 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in 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 in the last quarter. Institutional investors own 77.48% of the company’s stock.

Accenture PLC (NYSE ACN) traded up 0.05% on Friday, hitting $128.30. 347,312 shares of the company traded hands. The stock has a market cap of $79.29 billion, a PE ratio of 22.72 and a beta of 1.11. The stock’s 50-day moving average is $126.48 and its 200 day moving average is $122.42. Accenture PLC has a 12 month low of $108.83 and a 12 month high of $130.67.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter last year, the business earned $1.41 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts expect that Accenture PLC will post $5.90 earnings per share for the current fiscal year.

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A number of research analysts recently issued reports on ACN shares. BidaskClub downgraded shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research 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 research report on Friday, June 16th. Robert W. Baird restated a “neutral” rating and set a $138.00 target price (up from $132.00) on shares of Accenture PLC in a research report on Wednesday, June 14th. Cowen and Company boosted their target price on shares of Accenture PLC from $131.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, June 28th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a research report on Monday, May 29th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $130.71.

In other Accenture PLC news, insider Julie Spellman Sweet sold 1,974 shares of Accenture PLC stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $128.68, for a total transaction of $254,014.32. Following the completion of the transaction, the insider now owns 14,082 shares in the company, valued at $1,812,071.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gianfranco Casati sold 6,836 shares of Accenture PLC stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $122.97, for a total transaction of $840,622.92. Following the transaction, the insider now owns 61,714 shares of the company’s stock, valued at approximately $7,588,970.58. The disclosure for this sale can be found here. Insiders sold 79,817 shares of company stock valued at $9,920,929 in the last quarter. Company 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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