Accenture Plc (ACN) Shares Sold by Prio Wealth Limited Partnership

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Prio Wealth Limited Partnership reduced its stake in Accenture Plc (NYSE:ACN) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,474 shares of the information technology services provider’s stock after selling 2,256 shares during the period. Prio Wealth Limited Partnership’s holdings in Accenture were worth $9,729,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ACN. BlackRock Inc. raised 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 worth $6,500,537,000 after purchasing an additional 2,861,472 shares in the last quarter. WCM Investment Management CA raised 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 worth $844,833,000 after purchasing an additional 223,617 shares in the last quarter. Summit Trail Advisors LLC raised 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 worth $5,129,000 after purchasing an additional 5,095,100 shares in the last quarter. Polen Capital Management LLC raised 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 worth $774,991,000 after purchasing an additional 108,730 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Accenture by 1.5% in the 1st quarter. Franklin Resources Inc. now owns 4,994,675 shares of the information technology services provider’s stock worth $766,684,000 after purchasing an additional 74,921 shares in the last quarter. 69.55% of the stock is owned by institutional investors.

In related news, CEO Pierre Nanterme sold 32,376 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $162.39, for a total transaction of $5,257,538.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Richard Lumb sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 20th. The shares were sold at an average price of $166.66, for a total transaction of $333,320.00. Following the transaction, the insider now directly owns 118,561 shares in the company, valued at $19,759,376.26. The disclosure for this sale can be found here. Insiders have sold 52,357 shares of company stock worth $8,543,392 in the last 90 days. 0.21% of the stock is owned by company insiders.

A number of research firms recently commented on ACN. Credit Suisse Group set a $151.00 target price on shares of Accenture and gave the stock a “hold” rating in a report on Thursday, April 26th. Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $176.00 target price on the stock in a report on Tuesday, May 22nd. Cantor Fitzgerald reiterated a “buy” rating and issued a $180.00 target price on shares of Accenture in a report on Wednesday, April 25th. Pivotal Research set a $180.00 target price on shares of Accenture and gave the stock a “buy” rating in a report on Friday, June 29th. Finally, Susquehanna Bancshares upgraded shares of Accenture from a “neutral” rating to a “positive” rating and boosted their target price for the stock from $165.00 to $190.00 in a report on Tuesday, June 19th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $162.11.

ACN stock opened at $160.68 on Friday. Accenture Plc has a 52-week low of $127.26 and a 52-week high of $168.95. The company has a market cap of $108.38 billion, a PE ratio of 24.19, a PEG ratio of 2.32 and a beta of 0.96.

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

Accenture Company 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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