GW Henssler & Associates Ltd. boosted its stake in Accenture PLC (NYSE:ACN) by 3.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 81,136 shares of the company’s stock after buying an additional 2,428 shares during the period. GW Henssler & Associates Ltd.’s holdings in Accenture PLC were worth $9,912,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Accenture PLC by 1.3% in the second quarter. Vanguard Group Inc. now owns 42,881,280 shares of the company’s stock valued at $4,858,020,000 after buying an additional 538,675 shares in the last quarter. 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 during the period. 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 during the period. 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 during the period. Finally, 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 during the period. 76.40% of the stock is currently owned by institutional investors and hedge funds.
Shares of Accenture PLC (NYSE:ACN) traded up 0.52% during trading on Wednesday, reaching $115.66. The company had a trading volume of 484,959 shares. The firm has a market capitalization of $72.01 billion, a P/E ratio of 17.11 and a beta of 1.19. Accenture PLC has a 12 month low of $91.40 and a 12 month high of $125.72. The firm’s 50 day moving average price is $119.48 and its 200 day moving average price is $116.10.
Accenture PLC (NYSE:ACN) last posted its quarterly earnings data 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 firm earned $8.50 billion during the quarter, compared to the consensus estimate of $8.59 billion. Accenture PLC had a return on equity of 46.99% and a net margin of 12.34%. The firm’s revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.28 EPS. Equities analysts predict that Accenture PLC will post $5.87 EPS for the current year.
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A number of equities analysts have recently issued reports on ACN shares. Zacks Investment Research downgraded Accenture PLC from a “hold” rating to a “sell” rating in a research report on Wednesday, September 14th. Robert W. Baird restated a “neutral” rating and set a $125.00 price objective on shares of Accenture PLC in a research note on Friday, September 16th. Morgan Stanley restated a “hold” rating and set a $120.00 price objective on shares of Accenture PLC in a research note on Wednesday, September 21st. Societe Generale upgraded Accenture PLC from a “hold” rating to a “buy” rating in a research note on Monday, September 26th. Finally, Cantor Fitzgerald restated a “buy” rating and set a $132.00 price objective on shares of Accenture PLC in a research note on Tuesday, September 27th. Eleven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Accenture PLC has an average rating of “Buy” and a consensus price target of $126.31.
In other Accenture PLC news, insider Daniel T. London sold 4,437 shares of the business’s stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $115.87, for a total transaction of $514,115.19. Following the transaction, the insider now owns 30,580 shares in the company, valued at approximately $3,543,304.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gianfranco Casati sold 18,732 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $116.18, for a total value of $2,176,283.76. Following the transaction, the insider now owns 61,260 shares in the company, valued at approximately $7,117,186.80. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.
Accenture PLC Company 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.
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