Capital Planning Advisors LLC lifted its holdings in shares of Accenture Plc (NYSE:ACN) by 35.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,310 shares of the information technology services provider’s stock after purchasing an additional 1,391 shares during the period. Capital Planning Advisors LLC’s holdings in Accenture were worth $869,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Financial Advocates Investment Management acquired a new position in shares of Accenture during the first quarter worth $357,000. BB&T Securities LLC lifted its holdings in shares of Accenture by 83.1% during the first quarter. BB&T Securities LLC now owns 256,405 shares of the information technology services provider’s stock worth $39,357,000 after purchasing an additional 116,349 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of Accenture by 109.4% during the second quarter. Capital Investment Advisors LLC now owns 3,224 shares of the information technology services provider’s stock worth $527,000 after purchasing an additional 1,684 shares during the period. Investment House LLC lifted its holdings in shares of Accenture by 1.0% during the second quarter. Investment House LLC now owns 103,513 shares of the information technology services provider’s stock worth $16,934,000 after purchasing an additional 984 shares during the period. Finally, OMERS ADMINISTRATION Corp lifted its holdings in shares of Accenture by 24.9% during the first quarter. OMERS ADMINISTRATION Corp now owns 53,600 shares of the information technology services provider’s stock worth $8,228,000 after purchasing an additional 10,700 shares during the period. Institutional investors own 69.61% of the company’s stock.

In other Accenture news, CEO Pierre Nanterme sold 32,376 shares of Accenture stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $162.39, for a total value of $5,257,538.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction on Friday, July 20th. The shares were sold at an average price of $166.66, for a total transaction of $333,320.00. Following the completion of the sale, the insider now directly owns 118,561 shares of the company’s stock, valued at $19,759,376.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,357 shares of company stock valued at $8,865,112. Insiders own 0.21% of the company’s stock.

ACN opened at $164.89 on Monday. Accenture Plc has a 1-year low of $127.26 and a 1-year high of $168.95. The firm has a market capitalization of $108.41 billion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 2.32 and a beta of 0.96.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 28th. The information technology services provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.07. Accenture had a net margin of 9.76% and a return on equity of 42.01%. The firm had revenue of $10.32 billion during the quarter, compared to the consensus estimate of $10.04 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. The business’s revenue was up 16.3% compared to the same quarter last year. equities research analysts predict that Accenture Plc will post 6.71 EPS for the current year.

A number of equities analysts recently weighed in on the stock. Credit Suisse Group set a $151.00 target price on shares of Accenture and gave the stock a “hold” rating in a research note on Thursday, April 26th. Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a research note on Tuesday, May 22nd. Cantor Fitzgerald reissued a “buy” rating and set a $180.00 target price on shares of Accenture in a research note on Wednesday, April 25th. Pivotal Research set a $180.00 target price on shares of Accenture and gave the stock a “buy” rating in a research note on Friday, June 29th. Finally, Susquehanna Bancshares raised shares of Accenture from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $165.00 to $190.00 in a research note on Tuesday, June 19th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company. Accenture presently has an average rating of “Hold” and a consensus price target of $162.11.

Accenture Profile

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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