Neuberger Berman Group LLC Has $352.04 Million Stake in Accenture Plc (NYSE:ACN)

Neuberger Berman Group LLC grew its position in Accenture Plc (NYSE:ACN) by 52.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,640,108 shares of the information technology services provider’s stock after purchasing an additional 565,412 shares during the period. Neuberger Berman Group LLC’s holdings in Accenture were worth $352,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC bought a new stake in shares of Accenture in the first quarter valued at approximately $29,000. Evolution Wealth Advisors LLC lifted its stake in Accenture by 566.7% during the second quarter. Evolution Wealth Advisors LLC now owns 140 shares of the information technology services provider’s stock worth $30,000 after purchasing an additional 119 shares during the last quarter. Versant Capital Management Inc lifted its stake in Accenture by 47.5% during the second quarter. Versant Capital Management Inc now owns 149 shares of the information technology services provider’s stock worth $31,000 after purchasing an additional 48 shares during the last quarter. Beese Fulmer Investment Management Inc. bought a new stake in Accenture during the second quarter worth $31,000. Finally, Fortis Advisors LLC lifted its stake in shares of Accenture by 29.5% in the 1st quarter. Fortis Advisors LLC now owns 272 shares of the information technology services provider’s stock valued at $44,000 after acquiring an additional 62 shares during the last quarter. 73.44% of the stock is currently owned by institutional investors.

In related news, CFO Kathleen R. Mcclure sold 1,125 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $212.15, for a total value of $238,668.75. Following the transaction, the chief financial officer now owns 23,274 shares of the company’s stock, valued at approximately $4,937,579.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ellyn Shook sold 2,501 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $212.27, for a total transaction of $530,887.27. Following the completion of the transaction, the insider now directly owns 24,071 shares in the company, valued at approximately $5,109,551.17. The disclosure for this sale can be found here. Insiders have sold a total of 16,847 shares of company stock worth $3,710,958 in the last three months. Insiders own 0.10% of the company’s stock.

A number of brokerages have recently commented on ACN. Deutsche Bank increased their price target on Accenture from $215.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, June 26th. Wedbush reiterated an “outperform” rating on shares of Accenture in a research note on Thursday, June 25th. BNP Paribas cut Accenture from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 3rd. Susquehanna Bancshares increased their price target on Accenture from $225.00 to $250.00 in a research note on Friday, June 26th. Finally, UBS Group increased their price target on Accenture from $160.00 to $215.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $221.96.

Shares of ACN stock traded up $0.45 on Tuesday, reaching $239.28. 49,800 shares of the company were exchanged, compared to its average volume of 2,465,409. The company has a market cap of $152.08 billion, a price-to-earnings ratio of 31.51, a PEG ratio of 2.89 and a beta of 1.03. The company has a 50-day moving average of $233.25 and a 200-day moving average of $200.33. Accenture Plc has a one year low of $137.15 and a one year high of $247.82.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, June 25th. The information technology services provider reported $1.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.06. The company had revenue of $10.99 billion for the quarter, compared to analysts’ expectations of $10.89 billion. Accenture had a net margin of 11.11% and a return on equity of 31.51%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.93 EPS. Equities research analysts predict that Accenture Plc will post 7.63 EPS for the current fiscal year.

Accenture 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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