M Holdings Securities Inc. lifted its holdings in Accenture Plc (NYSE:ACN) by 4.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,453 shares of the information technology services provider’s stock after buying an additional 330 shares during the period. M Holdings Securities Inc.’s holdings in Accenture were worth $1,219,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ACN. American Century Companies Inc. raised its holdings in shares of Accenture by 46.4% during the first quarter. American Century Companies Inc. now owns 43,546 shares of the information technology services provider’s stock worth $6,684,000 after acquiring an additional 13,798 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Accenture by 4.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 30,467 shares of the information technology services provider’s stock worth $4,677,000 after acquiring an additional 1,227 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Accenture during the first quarter worth $1,080,000. KBC Group NV raised its holdings in shares of Accenture by 4.8% during the first quarter. KBC Group NV now owns 127,096 shares of the information technology services provider’s stock worth $19,510,000 after acquiring an additional 5,864 shares in the last quarter. Finally, Findlay Park Partners LLP raised its holdings in shares of Accenture by 13.6% during the first quarter. Findlay Park Partners LLP now owns 2,860,639 shares of the information technology services provider’s stock worth $439,108,000 after acquiring an additional 342,810 shares in the last quarter. 70.17% of the stock is owned by institutional investors and hedge funds.

NYSE ACN opened at $171.04 on Tuesday. Accenture Plc has a fifty-two week low of $132.27 and a fifty-two week high of $172.51. The stock has a market cap of $115.80 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 2.31 and a beta of 0.97.

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

Several analysts recently issued reports on the company. Zacks Investment Research upgraded Accenture from a “sell” rating to a “hold” rating in a report on Monday. Wolfe Research assumed coverage on Accenture in a report on Tuesday, July 17th. They set an “underperform” rating for the company. Pivotal Research set a $180.00 price objective on Accenture and gave the stock a “buy” rating in a report on Friday, June 29th. Credit Suisse Group increased their price objective on Accenture from $151.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, June 29th. Finally, BMO Capital Markets increased their price objective on Accenture to $170.00 and gave the stock a “market perform” rating in a report on Friday, June 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $162.11.

In other news, insider Ellyn Shook sold 4,375 shares of Accenture stock in a transaction dated Monday, July 16th. The stock was sold at an average price of $168.02, for a total value of $735,087.50. Following the transaction, the insider now directly owns 31,707 shares in the company, valued at $5,327,410.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $160.86, for a total value of $321,720.00. Following the completion of the transaction, the insider now owns 117,807 shares in the company, valued at $18,950,434.02. The disclosure for this sale can be found here. Insiders sold 54,357 shares of company stock worth $8,865,112 over the last quarter. 0.21% of the stock is currently owned by corporate insiders.

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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