Accenture PLC (ACN) Stake Raised by Pax World Management LLC

Pax World Management LLC grew its position in Accenture PLC (NYSE:ACN) by 9.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,830 shares of the information technology services provider’s stock after purchasing an additional 400 shares during the period. Pax World Management LLC’s holdings in Accenture PLC were worth $597,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of ACN. Waldron LP boosted its stake in shares of Accenture PLC by 93.3% in the 1st quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock valued at $684,000 after purchasing an additional 2,756 shares in the last quarter. Willingdon Wealth Management lifted its position in Accenture PLC by 1.0% during the 1st quarter. Willingdon Wealth Management now owns 7,894 shares of the information technology services provider’s stock worth $946,000 after buying an additional 79 shares in the last quarter. WASHINGTON TRUST Co lifted its position in Accenture PLC by 18.3% during the 1st quarter. WASHINGTON TRUST Co now owns 95,506 shares of the information technology services provider’s stock worth $11,449,000 after buying an additional 14,783 shares in the last quarter. Blue Fin Capital Inc. lifted its position in Accenture PLC by 0.3% during the 1st quarter. Blue Fin Capital Inc. now owns 4,400 shares of the information technology services provider’s stock worth $527,000 after buying an additional 12 shares in the last quarter. Finally, OLD National Bancorp IN lifted its position in Accenture PLC by 3.6% during the 1st quarter. OLD National Bancorp IN now owns 17,973 shares of the information technology services provider’s stock worth $2,154,000 after buying an additional 617 shares in the last quarter. Institutional investors own 77.73% of the company’s stock.

Shares of Accenture PLC (NYSE:ACN) opened at 138.01 on Thursday. Accenture PLC has a 52 week low of $109.50 and a 52 week high of $138.15. The stock has a 50 day moving average price of $130.89 and a 200-day moving average price of $124.97. The company has a market capitalization of $85.29 billion, a PE ratio of 24.44 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 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.52. The company had revenue of $8.87 billion for the quarter, compared to analyst estimates of $8.82 billion. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 earnings per share. Equities research analysts expect that Accenture PLC will post $5.90 EPS for the current year.

In related 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 value of $840,622.92. Following the transaction, the insider now directly owns 61,714 shares of the company’s stock, valued at $7,588,970.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Richard Lumb sold 2,200 shares of Accenture PLC stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $129.26, for a total value of $284,372.00. Following the completion of the transaction, the insider now directly owns 119,013 shares in the company, valued at $15,383,620.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,817 shares of company stock worth $9,920,929. 0.21% of the stock is owned by insiders.

ILLEGAL ACTIVITY NOTICE: “Accenture PLC (ACN) Stake Raised by Pax World Management LLC” was first published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/09/21/accenture-plc-acn-stake-raised-by-pax-world-management-llc.html.

Several research analysts recently issued reports on ACN shares. SunTrust Banks, Inc. downgraded shares of Accenture PLC from a “buy” rating to a “hold” rating and upped their price target for the stock from $122.15 to $130.00 in a research report on Wednesday, May 24th. Cantor Fitzgerald reiterated a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a research report on Monday, May 29th. Zacks Investment Research downgraded shares of Accenture PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. Robert W. Baird reiterated a “neutral” rating and set a $138.00 price target (up previously from $132.00) on shares of Accenture PLC in a research report on Wednesday, June 14th. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $138.00 price target (up previously from $131.50) on shares of Accenture PLC in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $133.25.

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.

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN).

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

Receive News & Ratings for Accenture PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply