UBS Asset Management Americas Inc. Has $442,183,000 Holding in Accenture PLC (ACN)

UBS Asset Management Americas Inc. Has $442,183,000 Holding in Accenture PLC (ACN)

UBS Asset Management Americas Inc. lowered its stake in Accenture PLC (NYSE:ACN) by 5.5% during the third quarter, Holdings Channel reports. The institutional investor owned 3,619,391 shares of the company’s stock after selling 211,816 shares during the period. UBS Asset Management Americas Inc. owned about 0.58% of Accenture PLC worth $442,183,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. BlackRock Institutional Trust Company N.A. increased its position 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 in the last quarter. FMR LLC increased its position 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 in the last quarter. BlackRock Fund Advisors increased its position in shares of Accenture PLC by 4.2% in the second quarter. BlackRock Fund Advisors now owns 9,680,131 shares of the company’s stock valued at $1,096,662,000 after buying an additional 391,383 shares in the last quarter. Fiduciary Management Inc. WI increased its position 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 in the last quarter. Finally, BlackRock Group LTD increased its position in shares of Accenture PLC by 8.8% in the second quarter. BlackRock Group LTD now owns 6,383,898 shares of the company’s stock valued at $723,231,000 after buying an additional 514,661 shares in the last quarter. Institutional investors and hedge funds own 77.65% of the company’s stock.

Shares of Accenture PLC (NYSE:ACN) opened at 113.87 on Wednesday. The company has a market capitalization of $70.90 billion, a PE ratio of 16.85 and a beta of 1.19. Accenture PLC has a 1-year low of $91.40 and a 1-year high of $125.72. The stock’s 50 day moving average is $117.59 and its 200 day moving average is $116.29.

Accenture PLC (NYSE:ACN) last posted its quarterly earnings data on Wednesday, December 21st. The company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.09. The firm earned $8.50 billion during the quarter, compared to the consensus estimate of $8.59 billion. Accenture PLC had a net margin of 12.34% and a return on equity of 46.99%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 EPS. On average, equities research analysts anticipate that Accenture PLC will post $5.87 EPS for the current fiscal year.

A number of equities research analysts have weighed in on ACN shares. Berenberg Bank restated a “buy” rating and issued a $140.00 target price on shares of Accenture PLC in a research report on Sunday, January 8th. Vetr upgraded Accenture PLC from a “buy” rating to a “strong-buy” rating and set a $130.68 target price for the company in a research report on Tuesday, January 3rd. Zacks Investment Research downgraded Accenture PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, December 13th. Cantor Fitzgerald set a $139.00 target price on Accenture PLC and gave the stock a “buy” rating in a research report on Tuesday, December 13th. Finally, Barclays PLC cut their target price on Accenture PLC from $128.00 to $124.00 and set an “equal weight” rating for the company in a research report on Thursday, December 22nd. Eleven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $126.31.

In other news, insider Daniel T. London sold 4,437 shares of the company’s stock in a transaction that occurred on Friday, January 6th. The shares were sold at an average price of $115.87, for a total transaction of $514,115.19. Following the completion of the sale, the insider now owns 30,580 shares of the company’s stock, valued at approximately $3,543,304.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel T. London sold 5,549 shares of the company’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 sale, the insider now directly owns 21,034 shares of the company’s stock, valued at approximately $2,474,650.10. The disclosure for this sale can be found here. Insiders sold a total of 14,986 shares of company stock valued at $1,755,155 in the last three months. 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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