Diversified Trust Co Reduces Position in Accenture PLC (NYSE:ACN)

Diversified Trust Co cut its position in Accenture PLC (NYSE:ACN) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,977 shares of the information technology services provider’s stock after selling 121 shares during the period. Diversified Trust Co’s holdings in Accenture PLC were worth $2,100,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Coconut Grove Bank boosted 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 worth $101,000 after buying an additional 364 shares during the period. Farmers & Merchants Investments Inc. boosted 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. boosted 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. Bellwether Investment Group LLC boosted its position 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 worth $110,000 after buying an additional 359 shares during the period. Finally, Parkside Financial Bank & Trust boosted 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. Hedge funds and other institutional investors own 77.48% of the company’s stock.

Shares of Accenture PLC (ACN) opened at 128.20 on Friday. Accenture PLC has a 52-week low of $108.83 and a 52-week high of $130.67. The stock’s 50 day moving average price is $126.66 and its 200-day moving average price is $122.51. The company has a market capitalization of $79.23 billion, a P/E ratio of 22.70 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.52. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The firm had revenue of $8.87 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the previous year, the firm posted $1.41 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts expect that Accenture PLC will post $5.90 earnings per share for the current year.

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ACN has been the topic of several recent analyst reports. Berenberg Bank set a $140.00 price objective on Accenture PLC and gave the company a “buy” rating in a report on Saturday, June 24th. Cowen and Company reiterated a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a report on Friday, July 28th. BidaskClub cut Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Robert W. Baird reiterated a “neutral” rating and set a $138.00 price objective (up previously from $132.00) on shares of Accenture PLC in a report on Wednesday, June 14th. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $138.00 price objective (up previously from $131.50) on shares of Accenture PLC in a report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $130.71.

In related news, COO Johan Deblaere sold 5,000 shares of Accenture PLC stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $122.99, for a total transaction of $614,950.00. Following the transaction, the chief operating officer now directly owns 126,417 shares of the company’s stock, valued at $15,548,026.83. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Pierre Nanterme sold 40,134 shares of Accenture PLC stock in a transaction on Monday, June 26th. The stock was sold at an average price of $123.02, for a total transaction of $4,937,284.68. Following the completion of the transaction, 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. Over the last three months, insiders have sold 79,817 shares of company stock worth $9,920,929. 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.

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

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