First Midwest Bank Trust Division lowered its position in Accenture PLC (NYSE:ACN) by 8.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,595 shares of the company’s stock after selling 320 shares during the period. First Midwest Bank Trust Division’s holdings in Accenture PLC were worth $407,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Cribstone Capital Management LLC bought a new stake in shares of Accenture PLC during the second quarter worth $104,000. City Holding Co. raised its stake in shares of Accenture PLC by 8.4% in the second quarter. City Holding Co. now owns 1,221 shares of the company’s stock worth $138,000 after buying an additional 95 shares during the last quarter. Joel Isaacson & Co. LLC raised its stake in shares of Accenture PLC by 18.0% in the second quarter. Joel Isaacson & Co. LLC now owns 1,215 shares of the company’s stock worth $138,000 after buying an additional 185 shares during the last quarter. Ropes Wealth Advisors LLC raised its stake in shares of Accenture PLC by 53.3% in the first quarter. Ropes Wealth Advisors LLC now owns 1,420 shares of the company’s stock worth $164,000 after buying an additional 494 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in shares of Accenture PLC by 89.3% in the first quarter. Loomis Sayles & Co. L P now owns 1,662 shares of the company’s stock worth $192,000 after buying an additional 784 shares during the last quarter. 77.18% of the stock is owned by hedge funds and other institutional investors.
Shares of Accenture PLC (NYSE:ACN) traded up 0.26% during mid-day trading on Thursday, reaching $118.52. 2,504,502 shares of the company were exchanged. The stock has a 50 day moving average price of $114.51 and a 200-day moving average price of $114.89. The stock has a market capitalization of $73.79 billion, a P/E ratio of 18.38 and a beta of 1.25. Accenture PLC has a 12 month low of $91.40 and a 12 month high of $124.96.
Accenture PLC (NYSE:ACN) last announced its earnings results on Thursday, September 29th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.01. The business had revenue of $8.49 billion for the quarter. Accenture PLC had a net margin of 12.00% and a return on equity of 47.07%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.15 earnings per share. Analysts predict that Accenture PLC will post $5.93 earnings per share for the current year.
A number of equities research analysts recently weighed in on the stock. Deutsche Bank AG reiterated a “buy” rating on shares of Accenture PLC in a report on Sunday, June 26th. Royal Bank Of Canada reiterated a “buy” rating on shares of Accenture PLC in a report on Sunday, June 26th. Cantor Fitzgerald reiterated a “buy” rating on shares of Accenture PLC in a report on Monday, July 18th. Morgan Stanley reiterated a “hold” rating and set a $120.00 price objective on shares of Accenture PLC in a report on Wednesday, September 21st. Finally, Credit Suisse Group AG set a $124.00 price objective on shares of Accenture PLC and gave the company a “hold” rating in a report on Saturday, October 1st. Ten equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $124.75.
In related news, insider Daniel T. London sold 3,686 shares of Accenture PLC stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $115.57, for a total value of $425,991.02. Following the transaction, the insider now directly owns 26,023 shares in the company, valued at approximately $3,007,478.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard P. Clark sold 876 shares of Accenture PLC stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $113.43, for a total transaction of $99,364.68. Following the completion of the transaction, the insider now owns 16,396 shares in the company, valued at $1,859,798.28. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by corporate insiders.
Accenture PLC Company Profile
Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.
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