Usca Ria LLC increased its position in shares of Accenture PLC (NYSE:ACN) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,271 shares of the information technology services provider’s stock after acquiring an additional 159 shares during the period. Usca Ria LLC’s holdings in Accenture PLC were worth $2,878,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Waldron LP increased its stake in Accenture PLC by 93.3% in the 1st quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock worth $684,000 after purchasing an additional 2,756 shares in the last quarter. Tyers Asset Management LLC increased its stake in Accenture PLC by 574.4% in the 1st quarter. Tyers Asset Management LLC now owns 40,062 shares of the information technology services provider’s stock worth $4,803,000 after purchasing an additional 34,122 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Accenture PLC by 17.9% in the 1st quarter. Eqis Capital Management Inc. now owns 18,925 shares of the information technology services provider’s stock worth $2,269,000 after purchasing an additional 2,880 shares in the last quarter. Compass Capital Management Inc. increased its stake in Accenture PLC by 3.2% in the 1st quarter. Compass Capital Management Inc. now owns 190,518 shares of the information technology services provider’s stock worth $22,839,000 after purchasing an additional 5,944 shares in the last quarter. Finally, Wrapmanager Inc. increased its stake in Accenture PLC by 7.7% in the 1st quarter. Wrapmanager Inc. now owns 3,580 shares of the information technology services provider’s stock worth $429,000 after purchasing an additional 256 shares in the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

Accenture PLC (ACN) opened at 137.90 on Friday. The company has a 50 day moving average price of $130.89 and a 200-day moving average price of $124.97. Accenture PLC has a 52 week low of $109.50 and a 52 week high of $138.00. The company has a market capitalization of $85.22 billion, a P/E ratio of 24.42 and a beta of 1.11.

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

A number of brokerages recently weighed in on ACN. Berenberg Bank set a $140.00 price target on Accenture PLC and gave the stock a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Thursday. KeyCorp reissued a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research note on Friday. Cowen and Company reissued a “buy” rating and issued a $150.00 price target (up previously from $135.00) on shares of Accenture PLC in a research note on Tuesday, September 19th. Finally, Morgan Stanley lifted their price target on Accenture PLC from $132.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $135.07.

In related news, General Counsel Chad T. Jerdee sold 3,200 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $122.97, for a total transaction of $393,504.00. Following the completion of the transaction, the general counsel now directly owns 18,566 shares of the company’s stock, valued at $2,283,061.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Johan Deblaere sold 5,000 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $122.99, for a total value of $614,950.00. Following the transaction, the chief operating officer now directly owns 126,417 shares of the company’s stock, valued at $15,548,026.83. The disclosure for this sale can be found here. Insiders have sold 79,817 shares of company stock valued at $9,920,929 over the last three months. Insiders own 0.21% of the company’s stock.

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Accenture PLC 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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