Accenture PLC (ACN) Shares Sold by Intrust Bank NA

Intrust Bank NA cut its stake in Accenture PLC (NYSE:ACN) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,098 shares of the information technology services provider’s stock after selling 24 shares during the period. Intrust Bank NA’s holdings in Accenture PLC were worth $491,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the company. Coconut Grove Bank raised 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 valued at $101,000 after buying an additional 364 shares in the last quarter. Farmers & Merchants Investments Inc. raised 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 valued at $104,000 after buying an additional 11 shares in the last quarter. Elgethun Capital Management purchased a new stake in Accenture PLC during the fourth quarter valued at about $102,000. Howe & Rusling Inc. raised 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 valued at $109,000 after buying an additional 113 shares in the last quarter. Finally, Opera Trading Capital purchased a new stake in Accenture PLC during the first quarter valued at about $119,000. 78.55% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

Shares of Accenture PLC (NYSE ACN) opened at 125.82 on Monday. Accenture PLC has a 12 month low of $108.66 and a 12 month high of $127.00. The company has a market capitalization of $78.02 billion, a P/E ratio of 20.96 and a beta of 1.11. The company has a 50-day moving average price of $122.24 and a 200-day moving average price of $120.07.

Accenture PLC (NYSE:ACN) last released its quarterly earnings data on Thursday, March 23rd. The information technology services provider reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.03. The company had revenue of $8.32 billion for the quarter, compared to analyst estimates of $8.34 billion. Accenture PLC had a return on equity of 44.51% and a net margin of 10.67%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 earnings per share. On average, analysts forecast that Accenture PLC will post $5.86 EPS for the current fiscal year.

The business also recently disclosed a semiannual dividend, which was paid on Monday, May 15th. Shareholders of record on Thursday, April 13th were paid a dividend of $1.21 per share. The ex-dividend date of this dividend was Tuesday, April 11th. This represents a yield of 2.03%. This is a positive change from Accenture PLC’s previous semiannual dividend of $1.02. Accenture PLC’s payout ratio is 40.33%.

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Several research firms recently issued reports on ACN. Cantor Fitzgerald reissued a “buy” rating and issued a $135.00 target price on shares of Accenture PLC in a report on Monday, May 29th. Zacks Investment Research lowered shares of Accenture PLC from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. SunTrust Banks, Inc. lowered shares of Accenture PLC from a “buy” rating to a “hold” rating and increased their target price for the stock from $122.15 to $130.00 in a report on Wednesday, May 24th. BMO Capital Markets reissued a “hold” rating and issued a $123.00 target price on shares of Accenture PLC in a report on Thursday, March 23rd. Finally, Wedbush reissued an “outperform” rating and issued a $135.00 target price on shares of Accenture PLC in a report on Wednesday, March 29th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $128.16.

In other Accenture PLC news, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of $120.00, for a total transaction of $264,000.00. Following the transaction, the insider now owns 123,545 shares of the company’s stock, valued at $14,825,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard P. Clark sold 10,715 shares of the business’s stock in a transaction on Monday, March 27th. The stock was sold at an average price of $119.31, for a total value of $1,278,406.65. Following the transaction, the insider now directly owns 18,987 shares in the company, valued at approximately $2,265,338.97. The disclosure for this sale can be found here. Insiders have sold 82,626 shares of company stock worth $9,919,492 in the last three months. 0.21% of the stock is currently owned by corporate insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ACN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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