Columbia Partners L L C Investment Management increased its stake in shares of Accenture PLC (NYSE:ACN) by 11.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,204 shares of the information technology services provider’s stock after buying an additional 4,666 shares during the period. Columbia Partners L L C Investment Management’s holdings in Accenture PLC were worth $5,299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ACN. Vanguard Group Inc. raised its stake in shares of 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 valued at $5,679,843,000 after buying an additional 2,749,896 shares during the last quarter. BlackRock Inc. raised 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 valued at $4,730,821,000 after buying an additional 37,700,871 shares during the last quarter. State Street Corp raised its stake 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 valued at $3,039,762,000 after buying an additional 665,860 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of 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 valued at $2,587,385,000 after buying an additional 1,738,262 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of 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 valued at $1,667,243,000 after buying an additional 625,381 shares during the last quarter. Institutional investors own 76.88% of the company’s stock.

Accenture PLC (ACN) traded down 0.65% during trading on Thursday, reaching $129.18. The company’s stock had a trading volume of 468,178 shares. The company has a 50 day moving average price of $127.28 and a 200-day moving average price of $122.85. Accenture PLC has a 52 week low of $108.83 and a 52 week high of $130.67. The company has a market capitalization of $79.83 billion, a PE ratio of 22.88 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last announced its earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, meeting analysts’ consensus estimates of $1.52. The firm had revenue of $8.87 billion for 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%. Accenture PLC’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 EPS. Equities research analysts anticipate that Accenture PLC will post $5.90 earnings per share for the current year.

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Several analysts have commented on ACN shares. BidaskClub lowered Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Morgan Stanley set a $132.00 price objective on Accenture PLC and gave the company a “hold” rating in a report on Friday, June 16th. Robert W. Baird reissued a “neutral” rating and issued a $138.00 price objective (up from $132.00) on shares of Accenture PLC in a report on Wednesday, June 14th. Cowen and Company raised their price objective on Accenture PLC from $131.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, June 28th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $135.00 price objective on shares of Accenture PLC in a report on Monday, May 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Accenture PLC presently has a consensus rating of “Buy” and a consensus target price of $130.71.

In other news, insider Gianfranco Casati sold 6,836 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $122.97, for a total transaction of $840,622.92. Following the sale, the insider now owns 61,714 shares in the company, valued at $7,588,970.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $284,372.00. Following the sale, the insider now owns 119,013 shares in the company, valued at approximately $15,383,620.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,817 shares of company stock worth $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.

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

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