Accenture Plc (NYSE:ACN) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in Accenture Plc (NYSE:ACN) by 2.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,442,717 shares of the information technology services provider’s stock after selling 62,700 shares during the quarter. Swiss National Bank owned approximately 0.36% of Accenture worth $451,341,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Northern Trust Corp raised its stake in Accenture by 1.0% during the first quarter. Northern Trust Corp now owns 9,953,819 shares of the information technology services provider’s stock worth $1,752,071,000 after acquiring an additional 101,220 shares during the period. Lazard Asset Management LLC raised its stake in Accenture by 23.0% during the first quarter. Lazard Asset Management LLC now owns 6,270,138 shares of the information technology services provider’s stock worth $1,103,668,000 after acquiring an additional 1,173,313 shares during the period. Janus Henderson Group PLC raised its stake in Accenture by 1.9% during the second quarter. Janus Henderson Group PLC now owns 3,453,419 shares of the information technology services provider’s stock worth $638,082,000 after acquiring an additional 63,355 shares during the period. Dimensional Fund Advisors LP raised its stake in Accenture by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,077,488 shares of the information technology services provider’s stock worth $292,943,000 after acquiring an additional 61,798 shares during the period. Finally, Pendal Group Ltd raised its stake in Accenture by 1.0% during the second quarter. Pendal Group Ltd now owns 2,029,005 shares of the information technology services provider’s stock worth $362,250,000 after acquiring an additional 20,235 shares during the period. Institutional investors and hedge funds own 69.57% of the company’s stock.

In related news, General Counsel Chad T. Jerdee sold 3,247 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $186.34, for a total transaction of $605,045.98. Following the completion of the sale, the general counsel now directly owns 13,271 shares of the company’s stock, valued at $2,472,918.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Richard Lumb sold 2,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $186.35, for a total transaction of $372,700.00. Following the sale, the insider now directly owns 77,240 shares of the company’s stock, valued at $14,393,674. The disclosure for this sale can be found here. Insiders sold 22,760 shares of company stock valued at $4,353,328 over the last quarter. Insiders own 0.18% of the company’s stock.

Several equities research analysts recently weighed in on ACN shares. Wells Fargo & Co increased their price objective on shares of Accenture from $193.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. Credit Suisse Group set a $180.00 price objective on shares of Accenture and gave the stock a “hold” rating in a research note on Friday, June 28th. Bank of America increased their price objective on shares of Accenture from $182.00 to $186.00 and gave the stock a “neutral” rating in a research note on Thursday, June 20th. Citigroup increased their price objective on shares of Accenture from $194.00 to $211.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Finally, Argus increased their price objective on shares of Accenture to $220.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $192.38.

NYSE ACN traded up $3.25 on Friday, hitting $192.81. The stock had a trading volume of 43,593 shares, compared to its average volume of 1,649,386. Accenture Plc has a one year low of $132.63 and a one year high of $197.47. The stock has a market cap of $129.61 billion, a price-to-earnings ratio of 28.59, a P/E/G ratio of 2.55 and a beta of 1.04. The company’s 50-day moving average is $192.01 and its two-hundred day moving average is $177.43.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, June 27th. The information technology services provider reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. Accenture had a net margin of 10.93% and a return on equity of 36.24%. The firm had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $11.03 billion. During the same quarter in the prior year, the firm earned $1.79 EPS. Accenture’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts predict that Accenture Plc will post 7.33 EPS for the current year.

Accenture Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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