Blackrock Inc. Now Owns 42,348,766 Shares In Accenture plc (ACN)

Accenture plc (NYSE:ACN) is at least 30.64% than its current record low price of $119.10. There was a 0.18% gain on 05/24/2018 that led the price to move at $155.59. At recent session, the prices were hovering between $154.69 and $156.05. This company shares are 8.2% off its target price of $168.35 and the current market capitalization stands at $99.81B. The recent change has given its price a 1.49% lead over SMA 50 and -6.03% deficit over its 52-week high. The stock witnessed 3.66% gains, -4.52% declines and 5.12% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found ACN’s volatility during a week at 1.07% and during a month it has been found around 1.3%.

Accenture plc (ACN) Top Holders

Institutional investors currently hold around $74.36 billion or 76.1% in ACN stock. Look at its top three institutional owners. Vanguard Group Inc owns $7.7 billion in Accenture plc, which represents roughly 7.72% of the company’s market cap and approximately 10.36% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 42,348,766 shares of the stock are valued at $6.58 billion. The third largest holder is Massachusetts Financial Services Co /Ma/, which currently holds $5.86 billion worth of this stock and that ownership represents nearly 5.87% of its market capitalization.

Accenture plc 13F Filings

At the end of 03/31/2018 reporting period, 566 institutional holders increased their position in Accenture plc (NYSE:ACN) by some 17,642,187 shares, 600 decreased positions by 23,037,486 and 180 held positions by 438,083,253. That puts total institutional holdings at 478,762,926 shares, according to SEC filings. The stock grabbed 115 new institutional investments totaling 2,371,059 shares while 81 institutional investors sold out their entire positions totaling 2,815,806 shares.

Accenture plc (NYSE:ACN) Insider Trades

Multiple company employees have indulged in significant insider trading. Accenture plc disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Group Chief Executive-Fin Serv Lumb Richard has sold 2,000 shares of Accenture plc (ACN) in trading session dated May. 10, 2018. These shares are worth $312,200 and were traded at $156.1 each. The SEC filing shows that Casati Gianfranco performed a sale of 5,063 shares. The Group Chief Exec-Growth Mkts disposed these shares by way of transaction on Apr. 20, 2018. The company’s shares were given away at $152.99 per share worth to an income of some $774,588 on account of Casati Gianfranco.

Group Chief Exec – Health & PS, London Daniel T, sold 1,862 common shares of Accenture plc (ACN) in the open market. In a transaction dated Apr. 20, 2018, the shares were put up for sale at an average price of $152.99, raking in a sum of $284,867. After this sale, 27,765 common shares of ACN are directly owned by the insider, with total stake valued at $4,319,956.

In the transaction dated Apr. 20, 2018, the great number of shares disposed came courtesy the CFO; Rowland David disposed a total of 3,270 shares at an average price of $152.93, amounting to approximately $500,081. The insider now directly owns 19,343 shares worth $3,009,577.

Accenture plc (ACN) Analyst Guide

Several analysts have released their opinion on Accenture plc (NYSE:ACN), with 12 analysts believing it is a strong buy. Whereas 8 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.81 average brokerage recommendation.

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