AQR Capital Management LLC increased its stake in shares of Accenture PLC (NYSE:ACN) by 14.4% during the first quarter, Holdings Channel reports. The firm owned 1,144,290 shares of the information technology services provider’s stock after buying an additional 143,784 shares during the period. AQR Capital Management LLC’s holdings in Accenture PLC were worth $137,177,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Coconut Grove Bank boosted its position in shares of Accenture PLC by 75.7% in the first quarter. Coconut Grove Bank now owns 845 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 364 shares during the period. Farmers & Merchants Investments Inc. boosted its position in shares of Accenture PLC by 1.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 865 shares of the information technology services provider’s stock valued at $104,000 after buying an additional 11 shares during the period. Howe & Rusling Inc. boosted its position in shares of Accenture PLC by 14.2% in the first quarter. Howe & Rusling Inc. now owns 908 shares of the information technology services provider’s stock valued at $109,000 after buying an additional 113 shares during the period. Bellwether Investment Group LLC boosted its position in shares of Accenture PLC by 64.2% in the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after buying an additional 359 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in shares of Accenture PLC by 2.0% in the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after buying an additional 19 shares during the period. 77.48% of the stock is owned by hedge funds and other institutional investors.

Shares of Accenture PLC (NYSE:ACN) traded down 0.03% during trading on Friday, hitting $128.20. The stock had a trading volume of 1,105,546 shares. The company has a market capitalization of $79.23 billion, a price-to-earnings ratio of 22.70 and a beta of 1.11. The company’s 50 day moving average price is $126.66 and its 200 day moving average price is $122.51. Accenture PLC has a 52 week low of $108.83 and a 52 week high of $130.67.

Accenture PLC (NYSE:ACN) last posted its quarterly earnings data 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 business had revenue of $8.87 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the prior year, the business earned $1.41 earnings per share. Accenture PLC’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts predict that Accenture PLC will post $5.90 earnings per share for the current year.

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Several research analysts recently commented on the company. Berenberg Bank set a $140.00 price target on Accenture PLC and gave the company a “buy” rating in a research report on Saturday, June 24th. Cowen and Company reissued a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a research report on Friday, July 28th. BidaskClub cut Accenture PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Robert W. Baird reissued a “neutral” rating and set a $138.00 price target (up from $132.00) on shares of Accenture PLC in a research report on Wednesday, June 14th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $138.00 price target (up from $131.50) on shares of Accenture PLC in a research report on Friday, June 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $130.71.

In related news, General Counsel Chad T. Jerdee sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $122.97, for a total value of $393,504.00. Following the transaction, the general counsel now owns 18,566 shares in the company, valued at $2,283,061.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Gianfranco Casati sold 6,836 shares of the company’s 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 completion of 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 sold 79,817 shares of company stock worth $9,920,929. 0.21% of the stock is owned by company insiders.

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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