37,774 Shares in Accenture PLC (ACN) Acquired by Bridgewater Associates LP

Bridgewater Associates LP bought a new position in Accenture PLC (NYSE:ACN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 37,774 shares of the information technology services provider’s stock, valued at approximately $4,528,000.

Several other institutional investors also recently modified their holdings of the company. Coconut Grove Bank boosted its stake in Accenture PLC by 75.7% in the first quarter. Coconut Grove Bank now owns 845 shares of the information technology services provider’s stock worth $101,000 after buying an additional 364 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of Accenture PLC by 1.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 865 shares of the information technology services provider’s stock worth $104,000 after buying an additional 11 shares during the last quarter. Howe & Rusling Inc. raised its position in shares of Accenture PLC by 14.2% in the first quarter. Howe & Rusling Inc. now owns 908 shares of the information technology services provider’s stock worth $109,000 after buying an additional 113 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Accenture PLC by 2.0% in the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock worth $117,000 after buying an additional 19 shares during the last quarter. Finally, Opera Trading Capital purchased a new position in shares of Accenture PLC during the first quarter worth approximately $119,000. 76.88% of the stock is owned by institutional investors and hedge funds.

Shares of Accenture PLC (ACN) traded down 0.12% during midday trading on Friday, hitting $127.44. The stock had a trading volume of 1,263,534 shares. The stock’s 50-day moving average price is $127.52 and its 200 day moving average price is $122.97. The company has a market cap of $78.76 billion, a price-to-earnings ratio of 22.57 and a beta of 1.11. Accenture PLC has a 52 week low of $108.83 and a 52 week high of $130.67.

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

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A number of research analysts have commented on the company. BidaskClub lowered Accenture PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Cowen and Company restated a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research report on Friday, July 28th. Morgan Stanley set a $132.00 price target on Accenture PLC and gave the stock a “hold” rating in a research report on Friday, June 16th. Robert W. Baird restated a “neutral” rating and issued a $138.00 price target (up from $132.00) on shares of Accenture PLC in a research report on Wednesday, June 14th. Finally, BMO Capital Markets restated a “hold” rating and issued a $130.00 price target (up from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $130.71.

In other news, 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 sale, the insider now owns 61,714 shares in the company, valued at approximately $7,588,970.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Julie Spellman Sweet sold 1,974 shares of the business’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $128.68, for a total transaction of $254,014.32. Following the completion of the sale, the insider now owns 14,082 shares of the company’s stock, valued at approximately $1,812,071.76. The disclosure for this sale can be found here. Insiders have sold a total of 79,817 shares of company stock valued at $9,920,929 in the last quarter. 0.21% of the stock is currently owned by company insiders.

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.

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

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