Stephens Inc. AR Grows Stock Position in Accenture Plc (NYSE:ACN)

Stephens Inc. AR grew its holdings in shares of Accenture Plc (NYSE:ACN) by 7.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,598 shares of the information technology services provider’s stock after purchasing an additional 2,745 shares during the quarter. Stephens Inc. AR’s holdings in Accenture were worth $7,501,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp increased its holdings in Accenture by 1.0% in the 1st quarter. Northern Trust Corp now owns 9,953,819 shares of the information technology services provider’s stock worth $1,752,071,000 after acquiring an additional 101,220 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Accenture by 23.0% in the 1st quarter. Lazard Asset Management LLC now owns 6,270,138 shares of the information technology services provider’s stock worth $1,103,668,000 after acquiring an additional 1,173,313 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Accenture by 1.9% in the 2nd quarter. Janus Henderson Group PLC now owns 3,453,419 shares of the information technology services provider’s stock worth $638,082,000 after acquiring an additional 63,355 shares in the last quarter. Swiss National Bank increased its holdings in Accenture by 2.4% in the 1st quarter. Swiss National Bank now owns 2,505,417 shares of the information technology services provider’s stock worth $441,004,000 after acquiring an additional 58,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Accenture by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,077,488 shares of the information technology services provider’s stock worth $292,943,000 after acquiring an additional 61,798 shares in the last quarter. 69.57% of the stock is owned by hedge funds and other institutional investors.

Several research firms have weighed in on ACN. Credit Suisse Group set a $180.00 price target on Accenture and gave the stock a “hold” rating in a research note on Friday, June 28th. BMO Capital Markets upped their price target on Accenture from $185.00 to $195.00 and gave the stock a “positive” rating in a research note on Friday, June 28th. UBS Group set a $190.00 price target on Accenture and gave the stock a “hold” rating in a research note on Friday, June 28th. Argus upped their price target on Accenture to $220.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Wells Fargo & Co upped their price target on Accenture from $193.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, June 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $192.38.



In related news, CEO David Rowland sold 2,330 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $187.78, for a total value of $437,527.40. Following the completion of the sale, the chief executive officer now directly owns 24,318 shares in the company, valued at $4,566,434.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Richard Lumb sold 2,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $196.95, for a total value of $393,900.00. Following the completion of the sale, the insider now owns 73,548 shares of the company’s stock, valued at $14,485,278.60. The disclosure for this sale can be found here. Insiders have sold a total of 22,760 shares of company stock valued at $4,353,328 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

Shares of NYSE ACN traded up $2.38 during midday trading on Thursday, reaching $189.35. 55,645 shares of the stock traded hands, compared to its average volume of 1,615,405. The company has a market capitalization of $125.79 billion, a PE ratio of 27.99, a PEG ratio of 2.51 and a beta of 1.04. Accenture Plc has a one year low of $132.63 and a one year high of $197.47. The stock has a 50 day moving average of $191.92.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, June 27th. The information technology services provider reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.04. The firm had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $11.03 billion. Accenture had a return on equity of 36.24% and a net margin of 10.93%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.79 EPS. Analysts anticipate that Accenture Plc will post 7.33 earnings per share for the current year.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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