Accenture PLC (ACN) Shares Bought by Regentatlantic Capital LLC

Regentatlantic Capital LLC boosted its stake in Accenture PLC (NYSE:ACN) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 6,777 shares of the information technology services provider’s stock after buying an additional 95 shares during the period. Regentatlantic Capital LLC’s holdings in Accenture PLC were worth $838,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Coconut Grove Bank raised its stake 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. raised its stake 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 valued at $104,000 after buying an additional 11 shares in the last quarter. Howe & Rusling Inc. raised its stake 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 valued at $109,000 after buying an additional 113 shares in the last quarter. Bellwether Investment Group LLC raised its stake in shares of Accenture PLC by 64.2% 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 in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake 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 valued at $117,000 after buying an additional 19 shares in the last quarter. Institutional investors own 77.48% of the company’s stock.

Shares of Accenture PLC (NYSE:ACN) traded down 0.03% on Friday, reaching $128.20. The company had a trading volume of 1,105,546 shares. The firm has a market capitalization of $79.23 billion, a PE ratio of 22.70 and a beta of 1.11. Accenture PLC has a 52-week low of $108.83 and a 52-week high of $130.67. The company has a 50-day moving average price of $126.66 and a 200-day moving average price of $122.51.

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 analysts’ consensus estimates of $1.52. The company had revenue of $8.87 billion for the quarter, compared to the consensus estimate of $8.82 billion. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.41 earnings per share. Equities research analysts forecast that Accenture PLC will post $5.90 EPS for the current fiscal year.

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Several brokerages have commented on ACN. BMO Capital Markets restated a “hold” rating and set a $130.00 price target (up from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. Wells Fargo & Company restated an “outperform” rating and set a $138.00 price target (up from $131.50) on shares of Accenture PLC in a research note on Friday, June 16th. Zacks Investment Research lowered Accenture PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, May 30th. SunTrust Banks, Inc. lowered Accenture PLC from a “buy” rating to a “hold” rating and upped their price target for the stock from $122.15 to $130.00 in a research note on Wednesday, May 24th. Finally, Berenberg Bank set a $140.00 price target on Accenture PLC and gave the stock a “buy” rating in a research note on Saturday, June 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Accenture PLC presently has an average rating of “Buy” and an average target price of $130.71.

In other Accenture PLC news, insider Gianfranco Casati sold 6,836 shares of Accenture PLC 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 sale, the insider now directly owns 61,714 shares of the company’s stock, valued at $7,588,970.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Pierre Nanterme sold 40,134 shares of Accenture PLC stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $123.02, for a total value of $4,937,284.68. Following the sale, the chief executive officer now directly owns 222,362 shares in the company, valued at $27,354,973.24. The disclosure for this sale can be found here. Insiders have sold 79,817 shares of company stock worth $9,920,929 over the last ninety days. Company 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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Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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