Accenture plc (NYSE:ACN) Position Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Accenture plc (NYSE:ACNGet Rating) by 9.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 556,776 shares of the information technology services provider’s stock after purchasing an additional 49,020 shares during the quarter. Accenture accounts for about 0.9% of Zurcher Kantonalbank Zurich Cantonalbank’s portfolio, making the stock its 13th largest holding. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Accenture were worth $187,762,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. BlackRock Inc. lifted its position in shares of Accenture by 1.7% in the 4th quarter. BlackRock Inc. now owns 46,215,372 shares of the information technology services provider’s stock valued at $19,158,583,000 after acquiring an additional 772,476 shares in the last quarter. State Street Corp lifted its position in Accenture by 3.2% in the 4th quarter. State Street Corp now owns 26,117,172 shares of the information technology services provider’s stock worth $10,826,880,000 after buying an additional 817,970 shares in the last quarter. Geode Capital Management LLC lifted its position in Accenture by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 10,724,559 shares of the information technology services provider’s stock worth $4,434,616,000 after buying an additional 290,325 shares in the last quarter. Norges Bank purchased a new stake in Accenture in the 4th quarter worth approximately $2,346,198,000. Finally, Nuveen Asset Management LLC lifted its position in Accenture by 6.1% in the 4th quarter. Nuveen Asset Management LLC now owns 5,291,047 shares of the information technology services provider’s stock worth $2,193,403,000 after buying an additional 302,484 shares in the last quarter. Institutional investors and hedge funds own 74.46% of the company’s stock.

In related news, CEO Julie Spellman Sweet sold 3,287 shares of Accenture stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $315.22, for a total transaction of $1,036,128.14. Following the completion of the transaction, the chief executive officer now directly owns 19,836 shares of the company’s stock, valued at approximately $6,252,703.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jean-Marc Ollagnier sold 6,250 shares of the business’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $315.13, for a total transaction of $1,969,562.50. Following the completion of the transaction, the insider now directly owns 165,866 shares of the company’s stock, valued at $52,269,352.58. The disclosure for this sale can be found here. Insiders have sold a total of 10,757 shares of company stock valued at $3,386,681 over the last three months. 0.07% of the stock is currently owned by insiders.

A number of research firms have recently weighed in on ACN. Robert W. Baird cut their price target on shares of Accenture from $340.00 to $310.00 and set a “neutral” rating on the stock in a report on Friday, June 24th. StockNews.com began coverage on shares of Accenture in a report on Thursday, March 31st. They set a “buy” rating on the stock. Morgan Stanley cut their price target on shares of Accenture from $390.00 to $385.00 and set an “overweight” rating on the stock in a report on Friday, June 24th. Stifel Nicolaus cut their price target on shares of Accenture from $440.00 to $368.00 in a report on Thursday, March 17th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Accenture from $440.00 to $364.00 in a research note on Friday, June 17th. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Accenture currently has an average rating of “Moderate Buy” and an average price target of $358.03.

Shares of NYSE:ACN traded up $3.52 during midday trading on Friday, reaching $281.17. 33,622 shares of the company’s stock were exchanged, compared to its average volume of 2,600,532. The company’s 50 day simple moving average is $291.63 and its two-hundred day simple moving average is $327.04. The firm has a market capitalization of $178.24 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 2.80 and a beta of 1.24. Accenture plc has a 12 month low of $268.17 and a 12 month high of $417.37.

Accenture (NYSE:ACNGet Rating) last released its quarterly earnings data on Thursday, June 23rd. The information technology services provider reported $2.79 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.05). Accenture had a return on equity of 31.50% and a net margin of 11.13%. During the same quarter in the prior year, the company earned $2.40 EPS. As a group, equities research analysts expect that Accenture plc will post 10.68 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 15th. Investors of record on Thursday, July 14th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Wednesday, July 13th. Accenture’s dividend payout ratio is currently 37.63%.

About Accenture (Get Rating)

Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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