YHB Investment Advisors Inc. Purchases New Position in Accenture Plc (NYSE:ACN)

YHB Investment Advisors Inc. purchased a new stake in Accenture Plc (NYSE:ACN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,106 shares of the information technology services provider’s stock, valued at approximately $204,000.

A number of other hedge funds also recently made changes to their positions in the stock. Lenox Wealth Advisors LLC raised its position in shares of Accenture by 297.1% during the second quarter. Lenox Wealth Advisors LLC now owns 135 shares of the information technology services provider’s stock worth $25,000 after acquiring an additional 101 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Accenture during the first quarter worth $27,000. Financial Gravity Wealth Inc. bought a new stake in shares of Accenture during the first quarter worth $30,000. Semmax Financial Advisors Inc. bought a new stake in shares of Accenture during the first quarter worth $32,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of Accenture by 455.9% during 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 acquiring an additional 155 shares during the last quarter. 69.42% of the stock is currently owned by institutional investors and hedge funds.

In other Accenture news, Director Paula A. Price sold 645 shares of the business’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $194.24, for a total value of $125,284.80. Following the completion of the transaction, the director now directly owns 6,716 shares of the company’s stock, valued at $1,304,515.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Richard Lumb sold 18,000 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $172.82, for a total value of $3,110,760.00. Following the completion of the transaction, the insider now directly owns 90,536 shares of the company’s stock, valued at $15,646,431.52. The disclosure for this sale can be found here. Insiders sold 36,147 shares of company stock valued at $6,597,288 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

NYSE ACN traded up $3.78 on Thursday, reaching $196.36. The company had a trading volume of 533,521 shares, compared to its average volume of 1,475,326. The company has a 50 day moving average of $190.24. The company has a market capitalization of $130.51 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05. Accenture Plc has a 52 week low of $132.63 and a 52 week high of $197.47.

Accenture (NYSE:ACN) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $11.03 billion. Accenture had a return on equity of 36.24% and a net margin of 10.93%. The firm’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.79 earnings per share. On average, analysts expect that Accenture Plc will post 7.33 EPS for the current year.

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

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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