Osborne Partners Capital Management LLC increased its position in Accenture PLC (NYSE:ACN) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 61,456 shares of the information technology services provider’s stock after buying an additional 820 shares during the period. Accenture PLC accounts for 1.1% of Osborne Partners Capital Management LLC’s investment portfolio, making the stock its 28th largest position. Osborne Partners Capital Management LLC’s holdings in Accenture PLC were worth $7,601,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in shares of Accenture PLC by 4.8% in the first quarter. Quadrant Capital Group LLC now owns 1,845 shares of the information technology services provider’s stock worth $210,000 after buying an additional 85 shares during the last quarter. WCM Investment Management CA raised its stake in shares of Accenture PLC by 5.3% in the first quarter. WCM Investment Management CA now owns 4,571,949 shares of the information technology services provider’s stock worth $548,085,000 after buying an additional 231,700 shares during the last quarter. Laurel Grove Capital LLC raised its stake in shares of Accenture PLC by 41.5% in the first quarter. Laurel Grove Capital LLC now owns 19,250 shares of the information technology services provider’s stock worth $2,308,000 after buying an additional 5,650 shares during the last quarter. Highland Capital Management LLC raised its stake in shares of Accenture PLC by 137.3% in the first quarter. Highland Capital Management LLC now owns 13,673 shares of the information technology services provider’s stock worth $1,639,000 after buying an additional 7,910 shares during the last quarter. Finally, Perkins Coie Trust Co raised its stake in shares of Accenture PLC by 0.9% in the first quarter. Perkins Coie Trust Co now owns 13,683 shares of the information technology services provider’s stock worth $1,640,000 after buying an additional 116 shares during the last quarter. Institutional investors and hedge funds own 77.48% of the company’s stock.

Shares of Accenture PLC (NYSE:ACN) traded down 0.27% during mid-day trading on Thursday, hitting $129.27. 690,489 shares of the company traded hands. Accenture PLC has a one year low of $108.83 and a one year high of $130.67. The stock has a market capitalization of $79.89 billion, a price-to-earnings ratio of 22.89 and a beta of 1.11. The firm has a 50-day moving average of $126.45 and a 200-day moving average of $122.38.

Accenture PLC (NYSE:ACN) last announced its earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.52. The company had revenue of $8.87 billion during the quarter, compared to the consensus estimate of $8.82 billion. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.41 earnings per share. On average, equities analysts predict that Accenture PLC will post $5.90 earnings per share for the current year.

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ACN has been the topic of a number of research analyst reports. SunTrust Banks, Inc. lowered shares of Accenture PLC from a “buy” rating to a “hold” rating and raised their price objective for the stock from $122.15 to $130.00 in a report on Wednesday, May 24th. Cantor Fitzgerald restated a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a report on Monday, May 29th. Zacks Investment Research lowered shares of Accenture PLC from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Robert W. Baird restated a “neutral” rating and set a $138.00 price objective (up from $132.00) on shares of Accenture PLC in a report on Wednesday, June 14th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $138.00 price objective (up from $131.50) on shares of Accenture PLC in a report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Accenture PLC presently has a consensus rating of “Buy” and a consensus target price of $130.71.

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 transaction of $4,937,284.68. Following the completion of the transaction, the chief executive officer now owns 222,362 shares in the company, valued at $27,354,973.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Gianfranco Casati sold 5,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $130.00, for a total transaction of $650,000.00. Following the transaction, the insider now owns 56,014 shares of the company’s stock, valued at approximately $7,281,820. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 77,617 shares of company stock valued at $9,636,557. 0.21% of the stock is owned by company insiders.

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.

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

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