Steigerwald Gordon & Koch Inc. reduced its holdings in Accenture Plc (NYSE:ACN) by 3.0% during the second quarter, Holdings Channel reports. The firm owned 66,288 shares of the information technology services provider’s stock after selling 2,081 shares during the period. Accenture makes up 3.2% of Steigerwald Gordon & Koch Inc.’s portfolio, making the stock its 5th largest holding. Steigerwald Gordon & Koch Inc.’s holdings in Accenture were worth $12,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ACN. Comerica Securities Inc. grew its position in shares of Accenture by 39.8% during the 4th quarter. Comerica Securities Inc. now owns 11,542 shares of the information technology services provider’s stock valued at $1,628,000 after acquiring an additional 3,285 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Accenture by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,077,488 shares of the information technology services provider’s stock valued at $292,943,000 after acquiring an additional 61,798 shares during the period. First Allied Advisory Services Inc. grew its position in shares of Accenture by 7.2% during the 4th quarter. First Allied Advisory Services Inc. now owns 7,139 shares of the information technology services provider’s stock valued at $1,005,000 after acquiring an additional 482 shares during the period. Global Retirement Partners LLC grew its position in shares of Accenture by 15.6% during the 4th quarter. Global Retirement Partners LLC now owns 496 shares of the information technology services provider’s stock valued at $70,000 after acquiring an additional 67 shares during the period. Finally, Actinver Wealth Management Inc. acquired a new stake in shares of Accenture during the 4th quarter valued at about $762,000. Institutional investors and hedge funds own 69.42% of the company’s stock.

A number of equities research analysts have recently commented on the company. Citigroup set a $5.00 target price on Forum Energy Technologies and gave the company a “buy” rating in a research report on Thursday, June 20th. UBS Group set a $170.00 target price on United Rentals and gave the company a “buy” rating in a research report on Friday, June 28th. Credit Suisse Group set a $180.00 target price on Accenture and gave the company a “hold” rating in a research report on Friday, June 28th. Deutsche Bank set a $33.00 target price on Urban Outfitters and gave the company a “hold” rating in a research report on Monday, June 10th. Finally, Bank of America set a $7.00 target price on CannTrust and gave the company a “buy” rating in a research report on Thursday, June 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Accenture presently has an average rating of “Buy” and an average price target of $192.38.

In related news, insider Richard Lumb sold 18,000 shares of Accenture stock in a transaction dated 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 sale, the insider now directly owns 90,536 shares in the company, valued at approximately $15,646,431.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Chad T. Jerdee sold 3,247 shares of Accenture stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $186.34, for a total value of $605,045.98. Following the completion of the sale, the general counsel now owns 13,271 shares in the company, valued at $2,472,918.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,147 shares of company stock worth $6,203,388. 0.18% of the stock is currently owned by insiders.

ACN stock traded up $0.17 during trading on Monday, hitting $197.10. The stock had a trading volume of 602,977 shares, compared to its average volume of 1,529,576. Accenture Plc has a twelve month low of $132.63 and a twelve month high of $197.03. The stock has a market cap of $132.45 billion, a PE ratio of 29.24, a P/E/G ratio of 2.60 and a beta of 1.05. The business’s 50-day moving average price is $188.95.

Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 27th. The information technology services provider reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 posted $1.79 EPS. Accenture’s revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Accenture Plc will post 7.33 EPS for the current year.

About Accenture

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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