Pictet North America Advisors SA boosted its stake in Accenture Plc (NYSE:ACN) by 11.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,290 shares of the information technology services provider’s stock after acquiring an additional 130 shares during the period. Pictet North America Advisors SA’s holdings in Accenture were worth $238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp lifted its position in Accenture by 8.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 599,465 shares of the information technology services provider’s stock valued at $109,702,000 after acquiring an additional 47,714 shares during the last quarter. Balasa Dinverno & Foltz LLC raised its holdings in shares of Accenture by 12.4% in the second quarter. Balasa Dinverno & Foltz LLC now owns 9,693 shares of the information technology services provider’s stock valued at $1,791,000 after buying an additional 1,069 shares during the last quarter. Mckinley Capital Management LLC Delaware raised its holdings in shares of Accenture by 680.7% in the second quarter. Mckinley Capital Management LLC Delaware now owns 29,340 shares of the information technology services provider’s stock valued at $5,421,000 after buying an additional 25,582 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Accenture by 17.3% in the second quarter. GSA Capital Partners LLP now owns 4,689 shares of the information technology services provider’s stock valued at $866,000 after buying an additional 690 shares during the last quarter. Finally, Stone Ridge Asset Management LLC raised its holdings in shares of Accenture by 4.7% in the second quarter. Stone Ridge Asset Management LLC now owns 17,864 shares of the information technology services provider’s stock valued at $3,301,000 after buying an additional 800 shares during the last quarter. 69.77% of the stock is owned by hedge funds and other institutional investors.

NYSE ACN traded down $3.53 during trading hours on Friday, hitting $192.81. 2,180,759 shares of the stock were exchanged, compared to its average volume of 1,779,840. The company has a market cap of $131.93 billion, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. Accenture Plc has a 12-month low of $132.63 and a 12-month high of $197.93. The stock has a 50-day moving average of $193.30 and a 200 day moving average of $178.57.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 27th. The information technology services provider reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.04. The firm had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $11.03 billion. Accenture had a net margin of 10.93% and a return on equity of 36.24%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.79 earnings per share. On average, analysts expect that Accenture Plc will post 7.33 earnings per share for the current year.

In related news, General Counsel Chad T. Jerdee sold 3,247 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $186.34, for a total transaction of $605,045.98. Following the completion of the transaction, the general counsel now directly owns 13,271 shares of the company’s stock, valued at $2,472,918.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel T. London sold 2,283 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $188.03, for a total transaction of $429,272.49. Following the transaction, the insider now directly owns 27,294 shares of the company’s stock, valued at $5,132,090.82. The disclosure for this sale can be found here. Insiders have sold 22,760 shares of company stock valued at $4,353,328 over the last three months. 0.18% of the stock is currently owned by corporate insiders.

A number of brokerages have recently commented on ACN. Argus upped their target price on shares of Accenture to $220.00 and gave the company a “buy” rating in a report on Monday, July 15th. Citigroup upped their target price on shares of Accenture from $194.00 to $211.00 and gave the company a “buy” rating in a report on Thursday, June 20th. Deutsche Bank upped their target price on shares of Accenture from $180.00 to $190.00 and gave the company a “buy” rating in a report on Monday, June 10th. Wells Fargo & Co upped their target price on shares of Accenture from $193.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, June 13th. Finally, BMO Capital Markets upped their target price on shares of Accenture from $185.00 to $195.00 and gave the company a “positive” rating in a report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. Accenture currently has an average rating of “Buy” and a consensus price target of $192.38.

Accenture Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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