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In 2012, Accenture plc’s (NYSE:ACN) shares are up 13.26 percent. On Friday, the company’s stock increased 5.2 percent intraday–the most since October 7–after its quarterly earnings report exceeded analysts’ estimates. This came from the European debt crisis creating additional outsourcing work, reported Bloomberg.
A Closer Look: Accenture Earnings Cheat Sheet>>
In a conference call on Thursday after the quarterly report, Accenture’s chief executive officer Pierre Nanterme said its client cost-cutting efforts are the force behind Europe’s outsourcing business. He added the crisis is delivering “very strong and positive growth in outsourcing,” from companies trimming costs and banks complying with new regulations.
Nanterme said, “What we’ve seen is some moderation of our growth in consulting” there.
With the company’s outsourcing success and improved quarterly numbers, will Accenture’s largest shareholders increase their holdings? 778 institutional firms indicated owning shares of Accenture plc (NYSE:ACN) in Q1 2012. These firms reported owning a total of 496.665 million shares on 03/31/2012. The shares closed at $63.81 on 03/31/2012.
Here are the ten largest positions in Accenture plc at the end of March 31st, 2012.
Massachusetts Financial Services Co /MA/ held 34,435,398 shares on 03/31/2012 worth $2,221,083,171. This brought the portfolio total to 2.09%.
FMR LLC held 34,220,730 shares on 03/31/2012 worth $2,207,237,085. This brought the portfolio total to 0.4%.
Vanguard Group Inc held 28,245,547 shares on 03/31/2012 worth $1,821,837,782. This brought the portfolio total to 0.25%.
State Street Corp held 23,568,737 shares on 03/31/2012 worth $1,520,183,537. This brought the portfolio total to 0.23%.
Price T Rowe Associates Inc /MD/ held 19,892,484 shares on 03/31/2012 worth $1,283,065,218. This brought the portfolio total to 0.39%.
Wellington Management Co LLP held 19,275,236 shares on 03/31/2012 worth $1,243,252,722. This brought the portfolio total to 0.44%.
Blackrock Institutional Trust Company N.A. held 17,173,132 shares on 03/31/2012 worth $1,107,667,014. This brought the portfolio total to 0.25%.
Bank of New York Mellon Corp held 15,280,908 shares on 03/31/2012 worth $985,618,566. This brought the portfolio total to 0.38%.
Marsico Capital Management LLC held 13,799,179 shares on 03/31/2012 worth $890,047,046. This brought the portfolio total to 2.98%.
Lansdowne Partners Limited Partnership held 12,429,547 shares on 03/31/2012 worth $801,705,782. This brought the portfolio total to 13.59%.
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