Nuance Investments LLC bought a new stake in Accenture PLC (NYSE:ACN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 176,808 shares of the information technology services provider’s stock, valued at approximately $21,868,000. Accenture PLC comprises about 1.6% of Nuance Investments LLC’s portfolio, making the stock its 22nd biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in 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 acquiring an additional 2,749,896 shares during the last quarter. BlackRock Inc. increased its stake in 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 acquiring an additional 37,700,871 shares during the last quarter. State Street Corp increased its stake in 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 acquiring an additional 665,860 shares during the last quarter. Wellington Management Group LLP increased its stake in 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 acquiring an additional 1,738,262 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in 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 acquiring an additional 625,381 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $127.51, for a total transaction of $280,522.00. Following the transaction, the insider now directly owns 119,942 shares in the company, valued at approximately $15,293,804.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ellyn Shook sold 4,400 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $125.00, for a total transaction of $550,000.00. Following the transaction, the insider now owns 37,344 shares in the company, valued at $4,668,000. The disclosure for this sale can be found here. Insiders have sold a total of 20,582 shares of company stock worth $2,634,573 over the last quarter. 0.21% of the stock is currently owned by insiders.

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Shares of Accenture PLC (NYSE:ACN) opened at 135.07 on Friday. Accenture PLC has a 1-year low of $109.50 and a 1-year high of $138.15. The company has a market capitalization of $83.41 billion, a PE ratio of 24.83 and a beta of 1.11. The company has a 50 day moving average price of $130.89 and a 200 day moving average price of $124.97.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.31 EPS. Equities analysts predict that Accenture PLC will post $6.54 EPS for the current fiscal year.

The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be issued a dividend of $1.33 per share. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s payout ratio is 44.49%.

A number of research analysts recently commented on the company. Berenberg Bank reissued a “buy” rating and issued a $160.00 target price on shares of Accenture PLC in a research note on Thursday, September 21st. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Thursday, September 21st. KeyCorp reissued a “buy” rating and issued a $135.00 target price on shares of Accenture PLC in a research note on Friday, September 22nd. Morgan Stanley increased their target price on Accenture PLC from $132.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, September 22nd. Finally, Robert W. Baird reissued a “neutral” rating and issued a $148.00 target price (up previously from $142.00) on shares of Accenture PLC in a research note on Friday, September 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Accenture PLC currently has an average rating of “Buy” and a consensus target price of $140.12.

Accenture PLC Company Profile

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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