Capital Advisors Ltd. LLC Acquires 358 Shares of Accenture Plc (NYSE:ACN)

Capital Advisors Ltd. LLC lifted its holdings in shares of Accenture Plc (NYSE:ACN) by 87.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 768 shares of the information technology services provider’s stock after buying an additional 358 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Accenture were worth $142,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ACN. Lenox Wealth Advisors LLC boosted its position in Accenture by 297.1% during the 2nd 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 during the period. Truvestments Capital LLC purchased a new stake in Accenture during the 1st quarter valued at $27,000. Financial Gravity Wealth Inc. purchased a new stake in Accenture during the 1st quarter valued at $30,000. Semmax Financial Advisors Inc. purchased a new stake in Accenture during the 1st quarter valued at $32,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Accenture by 455.9% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 189 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 155 shares during the period. 69.57% of the stock is currently owned by institutional investors.

In related news, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $186.35, for a total transaction of $372,700.00. Following the completion of the transaction, the insider now directly owns 77,240 shares of the company’s stock, valued at approximately $14,393,674. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David Rowland sold 2,330 shares of Accenture stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $187.78, for a total transaction of $437,527.40. Following the transaction, the chief executive officer now directly owns 24,318 shares of the company’s stock, valued at $4,566,434.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,760 shares of company stock valued at $4,353,328. Corporate insiders own 0.18% of the company’s stock.

Several equities research analysts have weighed in on the stock. Deutsche Bank increased their price target on shares of Accenture from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, June 10th. UBS Group set a $190.00 price target on shares of Accenture and gave the company a “hold” rating in a research report on Friday, June 28th. Wells Fargo & Co increased their price target on shares of Accenture from $193.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Argus increased their price target on shares of Accenture to $220.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, BMO Capital Markets increased their price target on shares of Accenture from $185.00 to $195.00 and gave the company a “positive” rating in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Accenture presently has an average rating of “Buy” and a consensus target price of $192.38.

NYSE:ACN opened at $192.88 on Wednesday. The stock has a 50-day moving average of $191.87. Accenture Plc has a 12 month low of $132.63 and a 12 month high of $197.47. The stock has a market cap of $128.67 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 2.53 and a beta of 1.04.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, June 27th. The information technology services provider reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.04. Accenture had a net margin of 10.93% and a return on equity of 36.24%. The firm had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $11.03 billion. During the same period last year, the company posted $1.79 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. Analysts expect 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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