Marshall Wace North America L.P. trimmed its position in Accenture PLC (NYSE:ACN) by 92.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,783 shares of the information technology services provider’s stock after selling 615,831 shares during the quarter. Marshall Wace North America L.P.’s holdings in Accenture PLC were worth $6,173,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in ACN. Waldron LP raised its holdings in shares of Accenture PLC by 93.3% in the 1st quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock valued at $684,000 after purchasing an additional 2,756 shares in the last quarter. Willingdon Wealth Management raised its holdings in shares of Accenture PLC by 1.0% in the 1st quarter. Willingdon Wealth Management now owns 7,894 shares of the information technology services provider’s stock valued at $946,000 after purchasing an additional 79 shares in the last quarter. WASHINGTON TRUST Co raised its holdings in shares of Accenture PLC by 18.3% in the 1st quarter. WASHINGTON TRUST Co now owns 95,506 shares of the information technology services provider’s stock valued at $11,449,000 after purchasing an additional 14,783 shares in the last quarter. Blue Fin Capital Inc. raised its holdings in shares of Accenture PLC by 0.3% in the 1st quarter. Blue Fin Capital Inc. now owns 4,400 shares of the information technology services provider’s stock valued at $527,000 after purchasing an additional 12 shares in the last quarter. Finally, OLD National Bancorp IN raised its holdings in shares of Accenture PLC by 3.6% in the 1st quarter. OLD National Bancorp IN now owns 17,973 shares of the information technology services provider’s stock valued at $2,154,000 after purchasing an additional 617 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

In related news, CEO Pierre Nanterme sold 40,134 shares of the stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $123.02, for a total value of $4,937,284.68. Following the sale, the chief executive officer now owns 222,362 shares of the company’s stock, valued at approximately $27,354,973.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Gianfranco Casati sold 6,836 shares of the stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $122.97, for a total transaction of $840,622.92. Following the completion of the sale, the insider now directly 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 ninety days, insiders sold 79,817 shares of company stock worth $9,920,929. Corporate insiders own 0.21% of the company’s stock.

ACN has been the topic of a number of analyst reports. Cantor Fitzgerald restated a “buy” rating and issued a $135.00 price objective on shares of Accenture PLC in a report on Monday, May 29th. Berenberg Bank set a $140.00 price target on shares of Accenture PLC and gave the stock a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Monday, August 28th. BidaskClub lowered shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Cowen and Company reiterated a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $133.25.

Shares of Accenture PLC (ACN) opened at 136.71 on Wednesday. The stock has a market cap of $84.48 billion, a P/E ratio of 24.21 and a beta of 1.11. Accenture PLC has a one year low of $109.50 and a one year high of $137.79. The stock has a 50 day moving average of $130.89 and a 200 day moving average of $124.97.

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

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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.

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

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