Rational Advisors LLC Has $154000 Stake in Accenture PLC

Bruno Cirelli
Luglio 19, 2017

Parametric Portfolio Associates LLC's holdings in Accenture PLC were worth $136,837,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. WCM Investment Management CA boosted its position in shares of Accenture PLC by 5.3% in the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider's stock valued at $110,000 after buying an additional 359 shares during the period. Farmers & Merchants Investments Inc. increased its stake in Accenture PLC by 1.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 865 shares of the information technology services provider's stock worth $104,000 after buying an additional 11 shares in the last quarter. First Interstate Savings Bank has invested 0.01% in Accenture Plc (NYSE:ACN). Novare Capital Management LLC now owns 39,548 shares of the information technology services provider's stock valued at $4,741,000 after buying an additional 2,950 shares during the period.

Accenture plc (NYSE:ACN) has been positioned as a leader in the IDC MarketScape: Worldwide Industry Collaborative Cloud Professional Services 2017 Vendor Assessment (doc #US41907917, June 2017). Coconut Grove Bank now owns 845 shares of the information technology services provider's stock valued at $101,000 after buying an additional 364 shares in the last quarter. Norges Bank bought a new position in shares of Accenture PLC during the fourth quarter valued at $649,544,000. The information technology services provider reported $1.52 earnings per share for the quarter, meeting the consensus estimate of $1.52. It also upped Steel Dynamics Inc (NASDAQ:STLD) stake by 63,371 shares and now owns 72,871 shares.

Accenture plc (NYSE:ACN) yearly performance is 9.84% and net profit margin is 9.90%. The stock has a 50 day moving average price of $124.15 and a 200 day moving average price of $120.60. The stock has a market capitalization of $78.13 billion, a PE ratio of 22.39 and a beta of 1.11. Accenture Plc had 45 analyst reports since August 12, 2015 according to SRatingsIntel.

Analysts await Accenture Plc (NYSE:ACN) to report earnings on October, 5. Commonwealth Equity Svcs invested 0.07% of its portfolio in Accenture Plc (NYSE:ACN). Company fiscal year is ending in December and analysts' consensus recommendation is Hold for SOHU and estimated EPS for next quarter is $ -1.41. During the same period past year, the business posted $1.41 EPS. Accenture PLC's revenue was up 5.1% on a year-over-year basis. Equities research analysts expect that Accenture PLC will post $5.90 earnings per share for the current year.

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A number of brokerages recently weighed in on ACN. Finally, Deutsche Bank AG raised their price objective on shares of Accenture PLC from $127.00 to $133.00 and gave the stock a "buy" rating in a report on Friday, March 24th. The rating was maintained by Goldman Sachs on Friday, June 23 with "Sell". Wedbush reiterated an "outperform" rating and set a $135.00 target price on shares of Accenture PLC in a report on Wednesday, March 29th. BMO Capital Markets maintained the stock with "Hold" rating in Thursday, June 22 report. Morgan Stanley set a $132.00 price objective on Accenture PLC and gave the company a "hold" rating in a report on Friday, June 16th. Finally, Cowen and Company increased their price objective on shares of Accenture PLC from $131.00 to $135.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of "Buy" and an average target price of $130.71.

In other Accenture PLC news, insider Richard Lumb sold 2,200 shares of Accenture PLC stock in a transaction on Monday, April 24th. The stock was sold at an average price of $125.00, for a total value of $550,000.00. Following the transaction, the chief executive officer now directly owns 222,362 shares of the company's stock, valued at $27,354,973.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Oldfield Partners Llp sold 481,182 shares as the company's stock declined 1.71% while stock markets rallied. The stock was sold at an average price of $123.02, for a total value of $4,937,284.68. Following the completion of the sale, the insider now owns 44,423 shares in the company, valued at $5,329,427.31. The disclosure for this sale can be found here. The stock, after opening at $126.77, hit $126.42 through the close by scoring -0.22%.

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