Park National Corp OH Sells 3,908 Shares of Accenture PLC (ACN)

Park National Corp OH cut its stake in Accenture PLC (NYSE:ACN) by 8.9% during the second quarter, Holdings Channel reports. The fund owned 39,781 shares of the information technology services provider’s stock after selling 3,908 shares during the period. Park National Corp OH’s holdings in Accenture PLC were worth $4,920,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the company. Ropes Wealth Advisors LLC boosted its stake in shares of Accenture PLC by 0.5% in the first quarter. Ropes Wealth Advisors LLC now owns 1,412 shares of the information technology services provider’s stock valued at $169,000 after buying an additional 7 shares during the last quarter. Farmers & Merchants Investments Inc. boosted 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 during the last quarter. Blue Fin Capital Inc. boosted its stake in shares of Accenture PLC by 0.3% in the first quarter. Blue Fin Capital Inc. now owns 4,400 shares of the information technology services provider’s stock valued at $527,000 after buying an additional 12 shares during the last quarter. Glenview Trust Co boosted its stake in shares of Accenture PLC by 0.3% in the first quarter. Glenview Trust Co now owns 4,935 shares of the information technology services provider’s stock valued at $591,000 after buying an additional 15 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted 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 during the last quarter. 76.88% of the stock is currently owned by institutional investors.

Shares of Accenture PLC (ACN) traded up 0.29% on Friday, hitting $127.96. The stock had a trading volume of 523,285 shares. The company’s 50 day moving average price is $127.39 and its 200-day moving average price is $122.88. Accenture PLC has a 12 month low of $108.83 and a 12 month high of $130.67. The company has a market cap of $79.08 billion, a P/E ratio of 22.66 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last announced its 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 for the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the previous year, the business earned $1.41 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts expect that Accenture PLC will post $5.90 earnings per share for the current year.

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Several brokerages recently weighed in on ACN. 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. Cowen and Company reaffirmed a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research note on Friday, July 28th. BidaskClub cut Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research note on Monday, May 29th. Finally, SunTrust Banks, Inc. cut 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $130.71.

In other Accenture PLC news, insider Gianfranco Casati sold 6,836 shares of Accenture PLC stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $122.97, for a total transaction of $840,622.92. Following the completion of the sale, the insider now owns 61,714 shares of the company’s stock, valued at approximately $7,588,970.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Pierre Nanterme sold 40,134 shares of Accenture PLC stock in a transaction dated Monday, June 26th. The stock was 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 of the company’s stock, valued at approximately $27,354,973.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 79,817 shares of company stock worth $9,920,929. 0.21% of the stock is owned by company insiders.

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.

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

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