Macquarie Group Ltd. raised its position in Accenture PLC (NYSE:ACN) by 5.7% during the first quarter, Holdings Channel reports. The institutional investor owned 247,092 shares of the information technology services provider’s stock after buying an additional 13,218 shares during the period. Macquarie Group Ltd.’s holdings in Accenture PLC were worth $29,618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACN. Ropes Wealth Advisors LLC boosted its position in Accenture PLC by 0.5% in the first quarter. Ropes Wealth Advisors LLC now owns 1,412 shares of the information technology services provider’s stock worth $169,000 after buying an additional 7 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its position in 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 worth $104,000 after buying an additional 11 shares in the last quarter. Blue Fin Capital Inc. boosted its position in Accenture PLC by 0.3% in the first quarter. Blue Fin Capital Inc. now owns 4,400 shares of the information technology services provider’s stock worth $527,000 after buying an additional 12 shares in the last quarter. Glenview Trust Co boosted its position in Accenture PLC by 0.3% in the first quarter. Glenview Trust Co now owns 4,935 shares of the information technology services provider’s stock worth $591,000 after buying an additional 15 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in 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 worth $117,000 after buying an additional 19 shares in the last quarter. 77.48% of the stock is currently owned by institutional investors.

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

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

ILLEGAL ACTIVITY WARNING: This story was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2017/08/13/accenture-plc-nyseacn-shares-bought-by-macquarie-group-ltd.html.

A number of research firms recently commented on ACN. Berenberg Bank set a $140.00 price target on Accenture PLC and gave the stock a “buy” rating in a report on Saturday, June 24th. Cowen and Company reissued a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a report on Friday, July 28th. BidaskClub cut Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Cantor Fitzgerald reissued a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a report on Monday, May 29th. Finally, SunTrust Banks, Inc. cut Accenture PLC from a “buy” rating to a “hold” rating and boosted their price target for the stock from $122.15 to $130.00 in a report on Wednesday, May 24th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $130.71.

In other Accenture PLC news, insider Richard Lumb sold 2,200 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $129.26, for a total transaction of $284,372.00. Following the completion of the sale, the insider now owns 119,013 shares of the company’s stock, valued at $15,383,620.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Johan Deblaere sold 5,000 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $122.99, for a total value of $614,950.00. Following the sale, the chief operating officer now directly owns 126,417 shares of the company’s stock, valued at approximately $15,548,026.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,817 shares of company stock valued at $9,920,929. 0.21% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN).

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

Receive News & Ratings for Accenture PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture PLC and related companies with MarketBeat.com's FREE daily email newsletter.