Accenture Plc (NYSE:ACN) is Farr Miller & Washington LLC DC’s 7th Largest Position

Farr Miller & Washington LLC DC decreased its holdings in Accenture Plc (NYSE:ACN) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 217,870 shares of the information technology services provider’s stock after selling 1,785 shares during the quarter. Accenture accounts for about 3.3% of Farr Miller & Washington LLC DC’s holdings, making the stock its 7th biggest holding. Farr Miller & Washington LLC DC’s holdings in Accenture were worth $40,256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ACN. Mitchell Capital Management Co. lifted its stake in Accenture by 1.4% in the first quarter. Mitchell Capital Management Co. now owns 4,140 shares of the information technology services provider’s stock worth $729,000 after acquiring an additional 56 shares during the last quarter. Private Trust Co. NA raised its holdings in Accenture by 1.6% during the second quarter. Private Trust Co. NA now owns 3,642 shares of the information technology services provider’s stock worth $672,000 after purchasing an additional 57 shares in the last quarter. Enterprise Bank & Trust Co raised its holdings in Accenture by 0.7% during the second quarter. Enterprise Bank & Trust Co now owns 9,780 shares of the information technology services provider’s stock worth $1,807,000 after purchasing an additional 65 shares in the last quarter. Tarbox Family Office Inc. raised its holdings in Accenture by 34.6% during the second quarter. Tarbox Family Office Inc. now owns 253 shares of the information technology services provider’s stock worth $47,000 after purchasing an additional 65 shares in the last quarter. Finally, Convergence Investment Partners LLC raised its holdings in Accenture by 4.5% during the first quarter. Convergence Investment Partners LLC now owns 1,578 shares of the information technology services provider’s stock worth $278,000 after purchasing an additional 68 shares in the last quarter. 69.77% of the stock is owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. Deutsche Bank raised their price objective on shares of Accenture from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Monday, June 10th. BMO Capital Markets raised their price objective on shares of Accenture from $185.00 to $195.00 and gave the stock a “positive” rating in a report on Friday, June 28th. Bank of America raised their price objective on shares of Accenture from $182.00 to $186.00 and gave the stock a “neutral” rating in a report on Thursday, June 20th. Wells Fargo & Co raised their price objective on shares of Accenture from $193.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Finally, Citigroup raised their price objective on shares of Accenture from $194.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $192.38.



In other news, CEO David Rowland sold 2,330 shares of Accenture stock in a transaction on Monday, August 5th. The shares were sold at an average price of $187.78, for a total value of $437,527.40. Following the transaction, the chief executive officer now directly owns 24,318 shares of the company’s stock, valued at approximately $4,566,434.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Chad T. Jerdee sold 3,247 shares of Accenture stock in a transaction on Monday, July 1st. The shares were sold at an average price of $186.34, for a total transaction of $605,045.98. Following the completion of the transaction, the general counsel now directly owns 13,271 shares in the company, valued at $2,472,918.14. The disclosure for this sale can be found here. Insiders sold a total of 22,760 shares of company stock worth $4,353,328 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Shares of Accenture stock opened at $194.20 on Wednesday. The firm’s fifty day simple moving average is $192.98 and its 200-day simple moving average is $177.97. The stock has a market capitalization of $129.84 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 2.55 and a beta of 1.04. Accenture Plc has a 12 month low of $132.63 and a 12 month high of $197.47.

Accenture (NYSE:ACN) last announced 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 business had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $11.03 billion. Accenture had a net margin of 10.93% and a return on equity of 36.24%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.79 EPS. On average, equities analysts expect that Accenture Plc will post 7.33 EPS for the current year.

Accenture 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.

Featured Article: What is the Producer Price Index (PPI)?

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.