ZWJ Investment Counsel Inc. Has $6.68 Million Position in Accenture PLC (ACN)

ZWJ Investment Counsel Inc. boosted its stake in Accenture PLC (NYSE:ACN) by 7.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,972 shares of the information technology services provider’s stock after buying an additional 3,805 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Accenture PLC were worth $6,675,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blair William & Co. IL raised its position in Accenture PLC by 6.6% in the 2nd quarter. Blair William & Co. IL now owns 518,457 shares of the information technology services provider’s stock valued at $64,123,000 after buying an additional 32,251 shares during the last quarter. Penobscot Investment Management Company Inc. raised its position in Accenture PLC by 6.8% in the 2nd quarter. Penobscot Investment Management Company Inc. now owns 21,105 shares of the information technology services provider’s stock valued at $2,610,000 after buying an additional 1,345 shares during the last quarter. Douglass Winthrop Advisors LLC purchased a new stake in Accenture PLC in the 2nd quarter valued at $331,000. WCM Investment Management CA raised its position in Accenture PLC by 6.9% in the 2nd quarter. WCM Investment Management CA now owns 4,888,520 shares of the information technology services provider’s stock valued at $604,612,000 after buying an additional 316,571 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in Accenture PLC by 38.2% in the 2nd quarter. Ballentine Partners LLC now owns 7,064 shares of the information technology services provider’s stock valued at $912,000 after buying an additional 1,951 shares during the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

In other Accenture PLC news, insider Gianfranco Casati sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $130.00, for a total value of $650,000.00. Following the completion of the sale, the insider now owns 56,014 shares in the company, valued at $7,281,820. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Chad T. Jerdee sold 3,200 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $122.97, for a total value of $393,504.00. Following the completion of the sale, the general counsel now owns 18,566 shares of the company’s stock, valued at approximately $2,283,061.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,817 shares of company stock valued at $9,920,929. Company insiders own 0.21% of the company’s stock.

Accenture PLC (NYSE ACN) opened at 136.94 on Tuesday. Accenture PLC has a 52 week low of $109.50 and a 52 week high of $137.35. The firm has a 50-day moving average price of $130.66 and a 200 day moving average price of $124.88. The company has a market cap of $84.63 billion, a P/E ratio of 24.25 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, hitting analysts’ consensus estimates of $1.52. The business 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%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.41 earnings per share. Analysts expect that Accenture PLC will post $5.90 EPS for the current fiscal year.

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A number of equities research analysts recently commented on the company. Bank of America Corporation assumed coverage on Accenture PLC in a research report on Tuesday, September 12th. They issued a “buy” rating and a $150.00 price target for the company. Zacks Investment Research lowered Accenture PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Stifel Nicolaus increased their price target on Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. BidaskClub lowered Accenture PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Cowen and Company reissued a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Accenture PLC presently has an average rating of “Buy” and an average price target of $132.59.

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.

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

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