Harwood Advisory Group LLC Acquires Shares of 2,245 Accenture Plc (NYSE:ACN)

Harwood Advisory Group LLC acquired a new stake in shares of Accenture Plc (NYSE:ACN) in the second quarter, Holdings Channel reports. The fund acquired 2,245 shares of the information technology services provider’s stock, valued at approximately $415,000.

Other hedge funds have also recently bought and sold shares of the company. Lenox Wealth Advisors LLC lifted its stake in Accenture by 297.1% during the second quarter. Lenox Wealth Advisors LLC now owns 135 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 101 shares in the last quarter. Semmax Financial Advisors Inc. purchased a new stake in shares of Accenture in the first quarter worth approximately $32,000. Next Capital Management LLC purchased a new stake in shares of Accenture in the second quarter worth approximately $34,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in shares of Accenture by 455.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 189 shares of the information technology services provider’s stock worth $33,000 after purchasing an additional 155 shares in the last quarter. Finally, Weaver Consulting Group purchased a new stake in shares of Accenture in the first quarter worth approximately $39,000. 69.77% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on ACN shares. BMO Capital Markets increased their price target on shares of Accenture from $185.00 to $195.00 and gave the stock a “positive” rating in a research report on Friday, June 28th. UBS Group set a $190.00 price target on shares of Accenture and gave the stock a “hold” rating in a research report on Friday, June 28th. Bank of America increased their price target on shares of Accenture from $182.00 to $186.00 and gave the stock a “neutral” rating in a research report on Thursday, June 20th. Credit Suisse Group set a $180.00 price target on shares of Accenture and gave the stock a “hold” rating in a research report on Friday, June 28th. Finally, Argus increased their price target on shares of Accenture to $220.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $192.38.



ACN traded down $3.53 during midday trading on Friday, hitting $192.81. 2,180,759 shares of the company’s stock traded hands, compared to its average volume of 1,779,840. The company has a market cap of $131.93 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The stock’s fifty day simple moving average is $193.30 and its 200-day simple moving average is $178.57. Accenture Plc has a one year low of $132.63 and a one year high of $197.93.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 27th. The information technology services provider reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.04. The firm had revenue of $11.10 billion for the quarter, compared to analyst estimates of $11.03 billion. Accenture had a net margin of 10.93% and a return on equity of 36.24%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.79 earnings per share. On average, equities analysts forecast that Accenture Plc will post 7.33 earnings per share for the current fiscal year.

In related news, COO Johan Deblaere sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $194.02, for a total transaction of $582,060.00. Following the transaction, the chief operating officer now owns 68,204 shares of the company’s stock, valued at $13,232,940.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David Rowland sold 2,255 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $194.03, for a total transaction of $437,537.65. Following the transaction, the chief executive officer now directly owns 25,078 shares in the company, valued at approximately $4,865,884.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,760 shares of company stock worth $4,353,328. Insiders own 0.18% of the company’s stock.

About Accenture

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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