Mn Services Vermogensbeheer B.V. Has $60.65 Million Stake in Accenture Plc (NYSE:ACN)

Mn Services Vermogensbeheer B.V. decreased its holdings in shares of Accenture Plc (NYSE:ACN) by 4.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 328,270 shares of the information technology services provider’s stock after selling 16,200 shares during the quarter. Accenture makes up about 0.7% of Mn Services Vermogensbeheer B.V.’s investment portfolio, making the stock its 25th biggest holding. Mn Services Vermogensbeheer B.V.’s holdings in Accenture were worth $60,654,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mitchell Capital Management Co. increased its holdings in Accenture by 1.4% in the 1st quarter. Mitchell Capital Management Co. now owns 4,140 shares of the information technology services provider’s stock worth $729,000 after buying an additional 56 shares in the last quarter. Private Trust Co. NA lifted its position in shares of Accenture by 1.6% during the 2nd quarter. Private Trust Co. NA now owns 3,642 shares of the information technology services provider’s stock valued at $672,000 after buying an additional 57 shares in the last quarter. TCI Wealth Advisors Inc. lifted its position in shares of Accenture by 11.2% during the 1st quarter. TCI Wealth Advisors Inc. now owns 637 shares of the information technology services provider’s stock valued at $112,000 after buying an additional 64 shares in the last quarter. Enterprise Bank & Trust Co lifted its position in shares of Accenture by 0.7% during the 2nd quarter. Enterprise Bank & Trust Co now owns 9,780 shares of the information technology services provider’s stock valued at $1,807,000 after buying an additional 65 shares in the last quarter. Finally, Convergence Investment Partners LLC lifted its position in shares of Accenture by 4.5% during the 1st quarter. Convergence Investment Partners LLC now owns 1,578 shares of the information technology services provider’s stock valued at $278,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds own 69.38% of the company’s stock.

A number of research firms have recently weighed in on ACN. Argus lifted their price objective on Accenture to $220.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Citigroup lifted their price objective on Accenture from $194.00 to $211.00 and gave the company a “buy” rating in a research report on Thursday, June 20th. Wells Fargo & Co lifted their price objective on Accenture from $193.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. Deutsche Bank lifted their price objective on Accenture from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, Credit Suisse Group set a $180.00 price objective on Accenture and gave the company a “hold” rating in a research report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $192.38.

NYSE ACN opened at $193.01 on Monday. The business has a 50 day simple moving average of $190.60. 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 $129.70 billion, a PE ratio of 28.64, a PEG ratio of 2.55 and a beta of 1.04.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 27th. The information technology services provider reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.04. Accenture had a return on equity of 36.24% and a net margin of 10.93%. The company had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $11.03 billion. During the same period in the previous year, the firm earned $1.79 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts predict that Accenture Plc will post 7.33 EPS for the current year.

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

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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