New England Asset Management Inc. continued to hold its position in shares of Accenture PLC (NYSE:ACN) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,755 shares of the information technology services provider’s stock at the end of the first quarter. New England Asset Management Inc.’s holdings in Accenture PLC were worth $330,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the company. Nomura Holdings Inc. raised its position in shares of Accenture PLC by 105.3% in the first quarter. Nomura Holdings Inc. now owns 2,739 shares of the information technology services provider’s stock worth $329,000 after buying an additional 54,764 shares during the last quarter. Signaturefd LLC raised its position in shares of Accenture PLC by 8.6% in the first quarter. Signaturefd LLC now owns 4,226 shares of the information technology services provider’s stock worth $507,000 after buying an additional 333 shares during the last quarter. Level Four Advisory Services LLC raised its position in shares of Accenture PLC by 10.5% in the first quarter. Level Four Advisory Services LLC now owns 2,178 shares of the information technology services provider’s stock worth $257,000 after buying an additional 207 shares during the last quarter. State Street Corp raised 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 worth $3,039,762,000 after buying an additional 665,860 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new position in shares of Accenture PLC during the first quarter worth about $310,000. Institutional investors own 77.48% of the company’s stock.

Accenture PLC (NYSE:ACN) traded up 0.05% during midday trading on Friday, reaching $128.30. 349,850 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $126.48 and its 200 day moving average price is $122.42. The firm has a market cap of $79.29 billion, a price-to-earnings ratio of 22.72 and a beta of 1.11. Accenture PLC has a 1-year low of $108.83 and a 1-year high of $130.67.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings results 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 for 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 in the previous year, the company earned $1.41 EPS. Equities research analysts anticipate that Accenture PLC will post $5.90 EPS for the current year.

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A number of brokerages have recently issued reports on ACN. BidaskClub lowered shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Cowen and Company reiterated a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a research report on Friday, July 28th. Berenberg Bank set a $140.00 target price on shares of Accenture PLC and gave the stock a “buy” rating in a research report on Saturday, June 24th. BMO Capital Markets reiterated a “hold” rating and set a $130.00 target price (up from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. Finally, Morgan Stanley set a $132.00 target price on shares of Accenture PLC and gave the stock a “hold” rating in a research report on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $130.71.

In other news, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $127.51, for a total value of $280,522.00. Following the transaction, the insider now owns 119,942 shares in the company, valued at approximately $15,293,804.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Johan Deblaere sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $122.99, for a total transaction of $614,950.00. Following the completion of the transaction, the chief operating officer now owns 126,417 shares in the company, valued at approximately $15,548,026.83. The disclosure for this sale can be found here. Insiders sold a total of 79,817 shares of company stock worth $9,920,929 in the last 90 days. 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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