The 5,821 Shares of Accenture PLC (ACN) are sold by Public Employees Retirement Association of Colorado

The 5,821 Shares of Accenture PLC (ACN) are sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its position in shares of Accenture PLC (NYSE:ACN) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,096,248 shares of the company’s stock after selling 5,821 shares during the period. Accenture PLC comprises about 1.0% of Public Employees Retirement Association of Colorado’s investment portfolio, making the stock its 16th largest position. Public Employees Retirement Association of Colorado’s holdings in Accenture PLC were worth $124,194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can bought a new stake in shares of Accenture PLC during the second quarter worth $116,516,000. NN Investment Partners Holdings N.V. bought a new stake in shares of Accenture PLC during the first quarter worth $56,722,000. Prudential Financial Inc. raised its stake in shares of Accenture PLC by 39.5% in the first quarter. Prudential Financial Inc. now owns 1,621,545 shares of the company’s stock worth $187,125,000 after buying an additional 459,510 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Accenture PLC by 7.7% in the first quarter. Geode Capital Management LLC now owns 5,524,658 shares of the company’s stock worth $636,356,000 after buying an additional 394,256 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Accenture PLC by 10.2% in the first quarter. UBS Asset Management Americas Inc. now owns 3,570,115 shares of the company’s stock worth $411,991,000 after buying an additional 329,656 shares in the last quarter. 77.18% of the stock is owned by hedge funds and other institutional investors.

Shares of Accenture PLC (NYSE:ACN) traded down 2.13% during mid-day trading on Friday, reaching $116.00. 3,069,693 shares of the company’s stock were exchanged. Accenture PLC has a 52-week low of $91.40 and a 52-week high of $124.96. The stock’s 50-day moving average is $114.51 and its 200-day moving average is $114.89. The stock has a market cap of $72.22 billion, a price-to-earnings ratio of 17.98 and a beta of 1.25.

Accenture PLC (NYSE:ACN) last announced its earnings results on Thursday, September 29th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.30 by $0.01. The firm had revenue of $8.49 billion for the quarter. Accenture PLC had a net margin of 12.00% and a return on equity of 47.07%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $1.15 earnings per share. On average, equities analysts expect that Accenture PLC will post $5.93 EPS for the current year.

A number of analysts have recently weighed in on ACN shares. Zacks Investment Research lowered shares of Accenture PLC from a “hold” rating to a “sell” rating in a research note on Wednesday, September 14th. Wedbush started coverage on shares of Accenture PLC in a research note on Thursday, September 8th. They issued an “outperform” rating and a $125.00 price target for the company. Robert W. Baird reaffirmed a “neutral” rating and issued a $125.00 price target on shares of Accenture PLC in a research note on Friday, September 16th. Societe Generale raised shares of Accenture PLC from a “hold” rating to a “buy” rating in a research note on Monday, September 26th. Finally, Citigroup Inc. reiterated a “hold” rating and issued a $120.00 target price on shares of Accenture PLC in a report on Friday, September 30th. Ten equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $124.75.

In other news, insider Richard Lumb sold 1,250 shares of Accenture PLC stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $113.12, for a total value of $141,400.00. Following the sale, the insider now directly owns 125,647 shares in the company, valued at $14,213,188.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel T. London sold 3,686 shares of Accenture PLC stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $115.57, for a total transaction of $425,991.02. Following the completion of the sale, the insider now owns 26,023 shares in the company, valued at $3,007,478.11. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

Accenture PLC Company Profile

Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.

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