Accenture PLC (ACN) Holdings Lifted by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. raised its holdings in Accenture PLC (NYSE:ACN) by 3.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,724 shares of the information technology services provider’s stock after purchasing an additional 3,018 shares during the quarter. GW Henssler & Associates Ltd.’s holdings in Accenture PLC were worth $11,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Allegis Investment Advisors LLC grew its stake in Accenture PLC by 53.0% in the 2nd quarter. Allegis Investment Advisors LLC now owns 9,859 shares of the information technology services provider’s stock valued at $1,219,000 after purchasing an additional 3,414 shares during the period. PHH Investments Ltd. grew its stake in Accenture PLC by 10.6% in the 2nd quarter. PHH Investments Ltd. now owns 9,301 shares of the information technology services provider’s stock valued at $1,150,000 after purchasing an additional 892 shares during the period. Legal & General Group Plc grew its stake in Accenture PLC by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 3,374,211 shares of the information technology services provider’s stock valued at $417,270,000 after purchasing an additional 18,918 shares during the period. Bristol Advisors LLC bought a new position in Accenture PLC in the 2nd quarter valued at $544,000. Finally, Checchi Capital Advisers LLC grew its stake in Accenture PLC by 1.1% in the 2nd quarter. Checchi Capital Advisers LLC now owns 20,719 shares of the information technology services provider’s stock valued at $2,563,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 77.80% of the company’s stock.

Shares of Accenture PLC (ACN) opened at 135.35 on Friday. Accenture PLC has a 12-month low of $109.50 and a 12-month high of $136.95. The firm has a 50 day moving average price of $130.42 and a 200 day moving average price of $124.76. The stock has a market cap of $83.64 billion, a PE ratio of 23.97 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.52. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. The business had revenue of $8.87 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the previous year, the business earned $1.41 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts expect that Accenture PLC will post $5.90 EPS for the current year.

ACN has been the subject of several research reports. BMO Capital Markets reiterated a “hold” rating and set a $130.00 price target (up previously from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Monday, August 28th. 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 note on Friday, June 16th. SunTrust Banks, Inc. downgraded Accenture PLC from a “buy” rating to a “hold” rating and increased their price target for the stock from $122.15 to $130.00 in a research note on Wednesday, May 24th. Finally, Berenberg Bank set a $140.00 price target on Accenture PLC and gave the stock a “buy” rating in a research note on Saturday, June 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $132.59.

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In other news, CEO Pierre Nanterme sold 40,134 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $123.02, for a total value of $4,937,284.68. Following the transaction, the chief executive officer now directly owns 222,362 shares in the company, valued at $27,354,973.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gianfranco Casati sold 6,836 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $122.97, for a total value of $840,622.92. Following the completion of the transaction, the insider now owns 61,714 shares in the company, valued at $7,588,970.58. The disclosure for this sale can be found here. Insiders sold 79,817 shares of company stock worth $9,920,929 over the last 90 days. Company insiders own 0.21% of the company’s stock.

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.

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

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