Teachers Advisors LLC Has $126.90 Million Stake in Accenture PLC (ACN)

Teachers Advisors LLC boosted its stake in shares of Accenture PLC (NYSE:ACN) by 11.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,058,588 shares of the information technology services provider’s stock after buying an additional 106,857 shares during the period. Teachers Advisors LLC’s holdings in Accenture PLC were worth $126,904,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ACN. Wellington Management Group LLP raised its stake in shares of Accenture PLC by 8.8% in the first quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock worth $2,587,385,000 after buying an additional 1,738,262 shares during the last quarter. Schroder Investment Management Group raised its stake in Accenture PLC by 212.6% in the first quarter. Schroder Investment Management Group now owns 1,295,260 shares of the information technology services provider’s stock worth $156,105,000 after buying an additional 880,905 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Accenture PLC by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 13,907,609 shares of the information technology services provider’s stock valued at $1,667,243,000 after buying an additional 625,381 shares during the period. OppenheimerFunds Inc. raised its position in shares of Accenture PLC by 1,572.6% in the first quarter. OppenheimerFunds Inc. now owns 530,553 shares of the information technology services provider’s stock valued at $63,604,000 after buying an additional 498,833 shares during the period. Finally, Swiss National Bank raised its position in shares of Accenture PLC by 23.5% in the first quarter. Swiss National Bank now owns 2,516,617 shares of the information technology services provider’s stock valued at $301,692,000 after buying an additional 479,100 shares during the period. 76.88% of the stock is owned by institutional investors and hedge funds.

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

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

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A number of analysts have recently weighed in on ACN shares. BidaskClub downgraded shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Cowen and Company reaffirmed a “buy” rating and issued a $135.00 target price on shares of Accenture PLC in a research report on Friday, July 28th. Berenberg Bank set a $140.00 price objective on shares of Accenture PLC and gave the company a “buy” rating in a research report on Saturday, June 24th. BMO Capital Markets reissued a “hold” rating and set a $130.00 price objective (up from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. Finally, Morgan Stanley set a $132.00 price target on shares of Accenture PLC and gave the company a “hold” rating in a report on Friday, June 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Accenture PLC presently has a consensus rating of “Buy” and an average target price of $130.71.

In related news, COO Johan Deblaere sold 5,000 shares of the company’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $122.99, for a total value of $614,950.00. Following the completion of the transaction, the chief operating officer now directly owns 126,417 shares in the company, valued at $15,548,026.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Pierre Nanterme sold 40,134 shares of the company’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $123.02, for a total value of $4,937,284.68. Following the completion of the transaction, the chief executive officer now owns 222,362 shares of the company’s stock, valued at $27,354,973.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,817 shares of company stock valued at $9,920,929. 0.21% of the stock is currently owned by 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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