Accenture PLC (NYSE:ACN) Position Held by Partners Capital Investment Group Holdings LLC
Partners Capital Investment Group Holdings LLC continued to hold its stake in shares of Accenture PLC (NYSE:ACN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,024 shares of the information technology services provider’s stock at the end of the first quarter. Partners Capital Investment Group Holdings LLC’s holdings in Accenture PLC were worth $722,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of 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 worth $5,679,843,000 after buying an additional 2,749,896 shares during the period. BlackRock Inc. increased its stake in shares of 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 worth $4,730,821,000 after buying an additional 37,700,871 shares during the period. State Street Corp increased its stake in shares of 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 worth $3,039,762,000 after buying an additional 665,860 shares during the period. Wellington Management Group LLP increased its stake in shares of 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 worth $2,587,385,000 after buying an additional 1,738,262 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of 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 worth $1,667,243,000 after buying an additional 625,381 shares during the period. 77.48% of the stock is owned by institutional investors.
Accenture PLC (ACN) traded up 0.035% during trading on Friday, reaching $128.285. The company’s stock had a trading volume of 349,648 shares. The firm has a 50 day moving average of $126.48 and a 200 day moving average of $122.42. Accenture PLC has a 52 week low of $108.83 and a 52 week high of $130.67. The stock has a market capitalization of $79.28 billion, a price-to-earnings ratio of 22.717 and a beta of 1.11.
Accenture PLC (NYSE:ACN) last issued its earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.52. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The firm had revenue of $8.87 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter last year, the company posted $1.41 earnings per share. Accenture PLC’s revenue was up 5.1% on a year-over-year basis. Analysts expect that Accenture PLC will post $5.90 EPS for the current year.
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ACN has been the subject of several research reports. Cowen and Company boosted their target price on Accenture PLC from $131.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, June 28th. Zacks Investment Research downgraded Accenture PLC from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. SunTrust Banks, Inc. downgraded Accenture PLC from a “buy” rating to a “hold” rating and boosted their target price for the company from $122.15 to $130.00 in a report on Wednesday, May 24th. Cantor Fitzgerald reissued a “buy” rating and issued a $135.00 target price on shares of Accenture PLC in a report on Monday, May 29th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $130.00 target price (up from $125.00) on shares of Accenture PLC in a report on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Accenture PLC currently has a consensus rating of “Buy” and an average price target of $130.71.
In other news, insider Gianfranco Casati sold 6,836 shares of Accenture PLC 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 $840,622.92. Following the sale, the insider now owns 61,714 shares of the company’s stock, valued at $7,588,970.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Richard Lumb sold 2,200 shares of Accenture PLC stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $129.26, for a total value of $284,372.00. Following the sale, the insider now directly owns 119,013 shares in the company, valued at approximately $15,383,620.38. The disclosure for this sale can be found here. Insiders sold 79,817 shares of company stock worth $9,920,929 in the last three months. 0.21% of the stock is currently owned by corporate insiders.
About Accenture PLC
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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