Tesco Pension Investment Ltd lowered its position in shares of Accenture Plc (NYSE:ACN) by 9.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 225,078 shares of the information technology services provider’s stock after selling 23,940 shares during the quarter. Tesco Pension Investment Ltd’s holdings in Accenture were worth $36,821,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Accenture by 7.2% in the 1st quarter. BlackRock Inc. now owns 42,348,766 shares of the information technology services provider’s stock valued at $6,500,537,000 after buying an additional 2,861,472 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Accenture by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 10,404,851 shares of the information technology services provider’s stock valued at $1,702,132,000 after buying an additional 153,734 shares during the last quarter. WCM Investment Management CA boosted its holdings in shares of Accenture by 4.2% in the 1st quarter. WCM Investment Management CA now owns 5,503,799 shares of the information technology services provider’s stock valued at $844,833,000 after buying an additional 223,617 shares during the last quarter. Summit Trail Advisors LLC boosted its holdings in shares of Accenture by 14,894.9% in the 1st quarter. Summit Trail Advisors LLC now owns 5,129,307 shares of the information technology services provider’s stock valued at $5,129,000 after buying an additional 5,095,100 shares during the last quarter. Finally, Polen Capital Management LLC boosted its holdings in shares of Accenture by 2.2% in the 1st quarter. Polen Capital Management LLC now owns 5,048,799 shares of the information technology services provider’s stock valued at $774,991,000 after buying an additional 108,730 shares during the last quarter. 69.61% of the stock is owned by hedge funds and other institutional investors.

ACN traded up $1.18 during trading hours on Friday, reaching $164.07. The company’s stock had a trading volume of 36,025 shares, compared to its average volume of 2,227,253. Accenture Plc has a 52 week low of $127.26 and a 52 week high of $168.95. The stock has a market cap of $108.41 billion, a PE ratio of 27.79, a price-to-earnings-growth ratio of 2.32 and a beta of 0.96.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 28th. The information technology services provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.07. Accenture had a return on equity of 42.01% and a net margin of 9.76%. The business had revenue of $10.32 billion for the quarter, compared to analysts’ expectations of $10.04 billion. During the same quarter in the prior year, the business earned $1.52 EPS. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. analysts predict that Accenture Plc will post 6.71 earnings per share for the current year.

Several equities research analysts have recently commented on ACN shares. Cantor Fitzgerald reissued a “buy” rating and issued a $180.00 price objective on shares of Accenture in a report on Wednesday, April 25th. Pivotal Research reissued a “buy” rating and issued a $180.00 price objective on shares of Accenture in a report on Thursday, April 26th. Credit Suisse Group set a $151.00 price objective on Accenture and gave the company a “hold” rating in a report on Thursday, April 26th. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $176.00 price objective for the company in a report on Tuesday, May 22nd. Finally, UBS Group raised Accenture from a “neutral” rating to a “positive” rating in a report on Tuesday, June 19th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Accenture presently has an average rating of “Hold” and a consensus target price of $162.11.

In other Accenture news, insider Ellyn Shook sold 4,375 shares of the stock in a transaction on Monday, July 16th. The stock was sold at an average price of $168.02, for a total transaction of $735,087.50. Following the transaction, the insider now owns 31,707 shares in the company, valued at approximately $5,327,410.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard Lumb sold 2,000 shares of the stock in a transaction on Friday, July 20th. The stock was sold at an average price of $166.66, for a total value of $333,320.00. Following the transaction, the insider now owns 118,561 shares in the company, valued at approximately $19,759,376.26. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,357 shares of company stock worth $8,865,112. 0.21% of the stock is owned by company insiders.

Accenture Profile

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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