Investment House LLC increased its stake in shares of Accenture PLC (NYSE:ACN) by 0.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 101,463 shares of the information technology services provider’s stock after buying an additional 175 shares during the period. Accenture PLC comprises approximately 1.7% of Investment House LLC’s holdings, making the stock its 13th largest position. Investment House LLC’s holdings in Accenture PLC were worth $12,163,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the company. Coconut Grove Bank increased its position in shares of Accenture PLC by 75.7% in the first quarter. 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. Farmers & Merchants Investments Inc. increased its position in shares of 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 during the period. Howe & Rusling Inc. increased its position in shares of Accenture PLC by 14.2% in the first quarter. Howe & Rusling Inc. now owns 908 shares of the information technology services provider’s stock worth $109,000 after buying an additional 113 shares during the period. Independent Advisor Alliance bought a new position in shares of Accenture PLC during the fourth quarter worth $116,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Accenture PLC by 2.0% in the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock worth $117,000 after buying an additional 19 shares during the period. 77.43% of the stock is currently owned by institutional investors and hedge funds.
Shares of Accenture PLC (NYSE ACN) opened at 128.40 on Friday. The firm has a market capitalization of $79.35 billion, a PE ratio of 22.74 and a beta of 1.11. Accenture PLC has a 52 week low of $108.83 and a 52 week high of $129.70. The firm’s 50-day moving average is $125.86 and its 200 day moving average is $121.59.
Accenture PLC (NYSE:ACN) last released its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, meeting the consensus estimate of $1.52. The business had revenue of $8.87 billion for the quarter, compared to analyst estimates of $8.82 billion. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. The company’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.41 EPS. On average, equities analysts forecast that Accenture PLC will post $5.90 earnings per share for the current year.
A number of analysts have commented on ACN shares. Goldman Sachs Group, Inc. (The) cut shares of Accenture PLC from a “neutral” rating to a “sell” rating and set a $110.00 target price for the company. in a report on Monday, April 3rd. 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. Zacks Investment Research cut shares of Accenture PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, May 30th. SunTrust Banks, Inc. cut shares of Accenture PLC from a “buy” rating to a “hold” rating and raised their target price for the company from $122.15 to $130.00 in a research note on Wednesday, May 24th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $135.00 target price on shares of Accenture PLC in a report on Monday, May 29th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $130.71.
In related news, insider Gianfranco Casati sold 6,836 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $122.97, for a total transaction of $840,622.92. Following the transaction, the insider now directly owns 61,714 shares of the company’s stock, valued at approximately $7,588,970.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Julie Spellman Sweet sold 1,974 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $128.68, for a total value of $254,014.32. Following the transaction, the insider now directly owns 14,082 shares in the company, valued at $1,812,071.76. The disclosure for this sale can be found here. Insiders sold a total of 74,817 shares of company stock worth $9,252,889 over the last ninety days. Corporate insiders own 0.21% of the company’s stock.
Accenture PLC Company Profile
Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.
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