Los Angeles Capital Management & Equity Research Inc. Purchases 80,090 Shares of Accenture PLC (ACN)

Los Angeles Capital Management & Equity Research Inc. increased its position in Accenture PLC (NYSE:ACN) by 14.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 632,012 shares of the information technology services provider’s stock after buying an additional 80,090 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Accenture PLC were worth $75,766,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ACN. Waldron LP raised its position in Accenture PLC by 93.3% in the first quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock worth $684,000 after buying an additional 2,756 shares during the last quarter. Osborn Williams & Donohoe LLC raised its position in Accenture PLC by 1.4% in the first quarter. Osborn Williams & Donohoe LLC now owns 33,820 shares of the information technology services provider’s stock worth $4,054,000 after buying an additional 465 shares during the last quarter. Hermes Investment Management Ltd. raised its position in Accenture PLC by 4.3% in the first quarter. Hermes Investment Management Ltd. now owns 478,527 shares of the information technology services provider’s stock worth $57,366,000 after buying an additional 19,687 shares during the last quarter. Novare Capital Management LLC raised its position in Accenture PLC by 8.1% in the first quarter. Novare Capital Management LLC now owns 39,548 shares of the information technology services provider’s stock worth $4,741,000 after buying an additional 2,950 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its position in Accenture PLC by 9.3% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 2,269 shares of the information technology services provider’s stock worth $272,000 after buying an additional 193 shares during the last quarter. 77.40% of the stock is owned by hedge funds and other institutional investors.

Accenture PLC (NYSE:ACN) opened at 124.21 on Monday. The company’s 50-day moving average price is $124.15 and its 200-day moving average price is $120.60. The stock has a market cap of $76.76 billion, a P/E ratio of 22.00 and a beta of 1.11. Accenture PLC has a one year low of $108.83 and a one year high of $128.47.

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 Zacks’ consensus estimate of $1.52. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The company had revenue of $8.87 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period in the prior year, the company posted $1.41 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts forecast that Accenture PLC will post $5.90 EPS for the current fiscal year.

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Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Accenture PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, May 30th. Evercore ISI reissued an “outperform” rating on shares of Accenture PLC in a research note on Saturday, March 25th. Wedbush reissued an “outperform” rating and set a $135.00 price objective on shares of Accenture PLC in a research note on Wednesday, March 29th. Deutsche Bank AG lifted their price objective on Accenture PLC from $127.00 to $133.00 and gave the company a “buy” rating in a research note on Friday, March 24th. Finally, Stifel Nicolaus lifted their price objective on Accenture PLC from $128.00 to $138.00 and gave the company a “buy” rating in a research note on Tuesday, March 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Accenture PLC presently has an average rating of “Buy” and an average price target of $130.98.

In other news, insider Robert E. Sell sold 2,222 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $119.97, for a total transaction of $266,573.34. Following the transaction, the insider now directly owns 44,423 shares of the company’s stock, valued at $5,329,427.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Pierre Nanterme sold 40,134 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $123.02, for a total transaction of $4,937,284.68. Following the transaction, the chief executive officer now directly owns 222,362 shares in the company, valued at $27,354,973.24. The disclosure for this sale can be found here. Insiders sold a total of 68,057 shares of company stock worth $8,345,106 over the last three months. 0.21% of the stock is currently owned by corporate 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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