Citizens Financial Group Inc. RI Sells 20,412 Shares of Accenture PLC (NYSE:ACN)

Citizens Financial Group Inc. RI cut its stake in shares of Accenture PLC (NYSE:ACN) by 26.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,778 shares of the information technology services provider’s stock after selling 20,412 shares during the period. Citizens Financial Group Inc. RI’s holdings in Accenture PLC were worth $6,926,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ACN. Coconut Grove Bank raised 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 valued at $101,000 after buying an additional 364 shares during the period. Farmers & Merchants Investments Inc. raised 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 valued at $104,000 after buying an additional 11 shares during the period. Howe & Rusling Inc. raised 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 valued at $109,000 after buying an additional 113 shares during the period. Parkside Financial Bank & Trust raised 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 valued at $117,000 after buying an additional 19 shares during the period. Finally, Opera Trading Capital acquired a new position in shares of Accenture PLC during the first quarter valued at about $119,000. 77.48% of the stock is currently owned by hedge funds and other institutional investors.

Accenture PLC (NYSE 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 company has a market cap of $79.23 billion, a P/E ratio of 22.70 and a beta of 1.11. The firm 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 posted its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, hitting 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 analysts’ expectations of $8.82 billion. During the same quarter in the previous year, the business earned $1.41 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. Equities research analysts anticipate that Accenture PLC will post $5.90 EPS for the current fiscal year.

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Several equities analysts have issued reports on the company. Berenberg Bank set a $140.00 price target on Accenture PLC and gave the company a “buy” rating in a research note on Saturday, June 24th. Cowen and Company reissued a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research note on Friday, July 28th. BidaskClub lowered Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Robert W. Baird reissued a “neutral” rating and issued a $138.00 price target (up from $132.00) on shares of Accenture PLC in a research note on Wednesday, June 14th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $138.00 price target (up from $131.50) on shares of Accenture PLC in a research note on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Accenture PLC currently has an average rating of “Buy” and an average price target of $130.71.

In related news, insider Julie Spellman Sweet sold 1,974 shares of Accenture PLC stock in a transaction on Friday, July 21st. The stock was sold at an average price of $128.68, for a total value of $254,014.32. Following the completion of the sale, the insider now owns 14,082 shares of the company’s stock, valued at $1,812,071.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard Lumb sold 2,200 shares of Accenture PLC stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $129.26, for a total value of $284,372.00. Following the completion of the sale, the insider now directly owns 119,013 shares of the company’s stock, valued at approximately $15,383,620.38. The disclosure for this sale can be found here. Insiders sold 79,817 shares of company stock valued at $9,920,929 in the last 90 days. Company insiders own 0.21% of the company’s stock.

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.

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

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