South Dakota Investment Council maintained its stake in Accenture PLC (NYSE:ACN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,900 shares of the information technology services provider’s stock at the end of the first quarter. South Dakota Investment Council’s holdings in Accenture PLC were worth $2,026,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in ACN. Coconut Grove Bank boosted its stake in Accenture PLC by 75.7% in the first quarter. Coconut Grove Bank now owns 845 shares of the information technology services provider’s stock worth $101,000 after buying an additional 364 shares during the last quarter. Farmers & Merchants Investments Inc. boosted 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 during the last quarter. Howe & Rusling Inc. boosted its stake in 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 last quarter. Parkside Financial Bank & Trust boosted its stake in 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 last quarter. Finally, Opera Trading Capital purchased a new stake in Accenture PLC during the first quarter worth approximately $119,000. Institutional investors own 77.43% of the company’s stock.
Accenture PLC (ACN) opened at 128.40 on Friday. Accenture PLC has a 1-year low of $108.83 and a 1-year high of $129.70. The firm’s 50-day moving average is $125.86 and its 200 day moving average is $121.59. The stock has a market capitalization of $79.35 billion, a price-to-earnings ratio of 22.74 and a beta of 1.11.
Accenture PLC (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.52. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. The firm had revenue of $8.87 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the prior year, the company earned $1.41 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities analysts anticipate that Accenture PLC will post $5.90 EPS for the current fiscal year.
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A number of research firms have commented on ACN. BidaskClub cut shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday. Cowen and Company restated a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a research note on Friday. Berenberg Bank set a $140.00 target price on shares of Accenture PLC and gave the stock a “buy” rating in a research note on Saturday, June 24th. Robert W. Baird restated a “neutral” rating and set a $138.00 target price (up previously from $132.00) on shares of Accenture PLC in a research note on Wednesday, June 14th. Finally, Wells Fargo & Company restated an “outperform” rating and set a $138.00 target price (up previously from $131.50) on shares of Accenture PLC in a research note on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Accenture PLC presently has an average rating of “Buy” and a consensus target price of $130.71.
In other Accenture PLC news, insider Gianfranco Casati sold 6,836 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $122.97, for a total value of $840,622.92. Following the completion of the sale, the insider now directly owns 61,714 shares of the company’s stock, valued at approximately $7,588,970.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Richard Lumb sold 2,200 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $121.06, for a total value of $266,332.00. Following the completion of the sale, the insider now directly owns 121,710 shares of the company’s stock, valued at $14,734,212.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,817 shares of company stock valued at $9,252,889. 0.21% of the stock is owned by corporate insiders.
About Accenture PLC
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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