Private Wealth Advisors Inc. increased its stake in Accenture PLC (NYSE:ACN) by 2.0% during the third quarter, Holdings Channel reports. The firm owned 3,616 shares of the company’s stock after buying an additional 70 shares during the period. Private Wealth Advisors Inc.’s holdings in Accenture PLC were worth $442,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. increased its stake in shares of Accenture PLC by 4.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 16,972,840 shares of the company’s stock valued at $1,922,853,000 after buying an additional 784,025 shares during the period. FMR LLC increased its stake in shares of Accenture PLC by 39.4% in the second quarter. FMR LLC now owns 12,730,924 shares of the company’s stock valued at $1,442,286,000 after buying an additional 3,595,128 shares during the period. Northern Trust Corp increased its stake in shares of Accenture PLC by 0.7% in the third quarter. Northern Trust Corp now owns 10,155,135 shares of the company’s stock valued at $1,240,653,000 after buying an additional 72,055 shares during the period. BlackRock Fund Advisors increased its stake in shares of Accenture PLC by 3.8% in the third quarter. BlackRock Fund Advisors now owns 10,044,836 shares of the company’s stock valued at $1,227,178,000 after buying an additional 364,705 shares during the period. Finally, Fiduciary Management Inc. WI increased its stake in shares of Accenture PLC by 0.5% in the second quarter. Fiduciary Management Inc. WI now owns 6,857,973 shares of the company’s stock valued at $776,940,000 after buying an additional 34,047 shares during the period. Institutional investors own 76.41% of the company’s stock.
Accenture PLC (NYSE:ACN) traded down 0.07% during trading on Wednesday, reaching $115.95. The company’s stock had a trading volume of 2,262,162 shares. The firm has a 50-day moving average price of $119.00 and a 200-day moving average price of $116.26. Accenture PLC has a 52 week low of $91.40 and a 52 week high of $125.72. The firm has a market capitalization of $72.19 billion, a P/E ratio of 17.16 and a beta of 1.19.
Accenture PLC (NYSE:ACN) last posted its earnings results on Wednesday, December 21st. The company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.09. The company earned $8.50 billion during the quarter, compared to analyst estimates of $8.59 billion. Accenture PLC had a return on equity of 46.99% and a net margin of 12.34%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 earnings per share. On average, equities analysts anticipate that Accenture PLC will post $5.87 EPS for the current fiscal year.
ACN has been the topic of several recent research reports. Cantor Fitzgerald upped their price target on Accenture PLC from $132.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, October 3rd. Berenberg Bank restated a “buy” rating and set a $140.00 price target on shares of Accenture PLC in a report on Sunday, January 8th. Vetr upgraded Accenture PLC from a “buy” rating to a “strong-buy” rating and set a $130.68 price target on the stock in a report on Tuesday, January 3rd. Zacks Investment Research downgraded Accenture PLC from a “buy” rating to a “hold” rating in a report on Tuesday, December 13th. Finally, reiterated an “outperform” rating and issued a $135.00 price objective (up previously from $126.00) on shares of Accenture PLC in a report on Friday, September 30th. Eleven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $126.31.
In other news, insider Daniel T. London sold 5,549 shares of the business’s stock in a transaction that occurred on Friday, December 23rd. The stock was sold at an average price of $117.65, for a total transaction of $652,839.85. Following the completion of the transaction, the insider now directly owns 21,034 shares in the company, valued at $2,474,650.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard Lumb sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, October 20th. The stock was sold at an average price of $116.56, for a total value of $291,400.00. Following the transaction, the insider now owns 122,248 shares of the company’s stock, valued at $14,249,226.88. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.
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.
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