Tuttle Tactical Management acquired a new position in Accenture Plc (NYSE:ACN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,665 shares of the information technology services provider’s stock, valued at approximately $599,000.

Several other large investors have also modified their holdings of ACN. WP Advisors LLC purchased a new position in shares of Accenture in the 2nd quarter worth $106,000. BDO Wealth Advisors LLC grew its stake in shares of Accenture by 105.3% in the 1st quarter. BDO Wealth Advisors LLC now owns 739 shares of the information technology services provider’s stock worth $113,000 after buying an additional 379 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in shares of Accenture in the 2nd quarter worth $118,000. Fort L.P. purchased a new position in shares of Accenture in the 2nd quarter worth $124,000. Finally, Penserra Capital Management LLC purchased a new position in shares of Accenture in the 1st quarter worth $127,000. 70.50% of the stock is owned by institutional investors and hedge funds.

In other news, insider Ellyn Shook sold 4,375 shares of the business’s stock in a transaction dated Monday, July 16th. The shares were sold at an average price of $168.02, for a total value of $735,087.50. Following the completion of the sale, the insider now owns 31,707 shares in the company, valued at approximately $5,327,410.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Chad T. Jerdee sold 788 shares of the business’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $166.02, for a total transaction of $130,823.76. Following the completion of the sale, the general counsel now owns 9,433 shares of the company’s stock, valued at approximately $1,566,066.66. The disclosure for this sale can be found here. Insiders have sold a total of 54,357 shares of company stock valued at $8,865,112 in the last quarter. 0.21% of the stock is currently owned by company insiders.

Shares of ACN opened at $169.55 on Tuesday. Accenture Plc has a 1-year low of $132.27 and a 1-year high of $171.00. The stock has a market cap of $114.07 billion, a P/E ratio of 28.69, a P/E/G ratio of 2.27 and a beta of 0.97.

Accenture (NYSE:ACN) last announced its quarterly earnings data on Thursday, June 28th. The information technology services provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.07. Accenture had a net margin of 9.76% and a return on equity of 42.01%. The company had revenue of $10.32 billion during the quarter, compared to analyst estimates of $10.04 billion. During the same quarter last year, the business posted $1.52 EPS. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. equities analysts forecast that Accenture Plc will post 6.71 earnings per share for the current fiscal year.

A number of brokerages have commented on ACN. Cantor Fitzgerald lifted their price objective on shares of Accenture from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Friday, June 29th. BMO Capital Markets lifted their price target on shares of Accenture to $170.00 and gave the stock a “market perform” rating in a research note on Friday, June 29th. Bank of America reaffirmed a “neutral” rating and set a $79.00 price target on shares of Accenture in a research note on Friday, June 29th. Citigroup lifted their price target on shares of Accenture from $159.00 to $163.00 and gave the stock a “neutral” rating in a research note on Friday, June 29th. Finally, Credit Suisse Group lifted their price target on shares of Accenture from $151.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, June 29th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $162.11.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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