National Asset Management Inc. raised its position in shares of Accenture PLC (NYSE:ACN) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,241 shares of the information technology services provider’s stock after buying an additional 114 shares during the period. National Asset Management Inc.’s holdings in Accenture PLC were worth $990,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. BlackRock Inc. increased its stake 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 worth $4,730,821,000 after buying an additional 37,700,871 shares during the last quarter. Vanguard Group Inc. boosted 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 during the period. Wellington Management Group LLP boosted 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 during the period. Lazard Asset Management LLC boosted its position in Accenture PLC by 38.8% in the first quarter. Lazard Asset Management LLC now owns 4,297,555 shares of the information technology services provider’s stock worth $515,189,000 after buying an additional 1,202,048 shares during the period. Finally, Schroder Investment Management Group boosted its position in Accenture PLC by 212.6% in the first quarter. Schroder Investment Management Group now owns 1,295,260 shares of the information technology services provider’s stock worth $156,105,000 after buying an additional 880,905 shares during the period. 77.48% of the stock is owned by hedge funds and other institutional investors.

Accenture PLC (NYSE:ACN) traded down 0.03% during mid-day trading on Friday, hitting $128.20. 1,105,546 shares of the stock were exchanged. The stock has a market cap of $79.23 billion, a PE ratio of 22.70 and a beta of 1.11. The stock’s 50 day moving average is $126.66 and its 200 day moving average 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 announced its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.52. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The company had revenue of $8.87 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter in the prior year, the company earned $1.41 EPS. Accenture PLC’s revenue was up 5.1% compared to the same quarter last year. Analysts forecast that Accenture PLC will post $5.90 EPS for the current fiscal year.

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A number of research analysts recently weighed in on the stock. BidaskClub cut shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Cowen and Company restated a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a research note 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 note on Friday, June 16th. Robert W. Baird restated a “neutral” rating and set a $138.00 target price (up previously from $132.00) on shares of Accenture PLC in a research note on Wednesday, June 14th. Finally, BMO Capital Markets restated a “hold” rating and set a $130.00 target price (up previously from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Accenture PLC currently has an average rating of “Buy” and a consensus target price of $130.71.

In related news, COO Johan Deblaere sold 5,000 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $122.99, for a total transaction of $614,950.00. Following the completion of the sale, the chief operating officer now owns 126,417 shares of the company’s stock, valued at approximately $15,548,026.83. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Julie Spellman Sweet sold 1,974 shares of the company’s 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 sale, the insider now directly owns 14,082 shares of the company’s stock, valued at approximately $1,812,071.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,817 shares of company stock valued at $9,920,929. 0.21% of the stock is owned by corporate 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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