Gould Asset Management LLC CA Takes Position in Accenture PLC (NYSE:ACN)

Gould Asset Management LLC CA purchased a new stake in shares of Accenture PLC (NYSE:ACN) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,675 shares of the information technology services provider’s stock, valued at approximately $201,000.

Other large investors also recently bought and sold shares of the company. Ropes Wealth Advisors LLC increased its stake in 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 period. Farmers & Merchants Investments Inc. increased 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 during the period. Blue Fin Capital Inc. increased its stake in 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 period. Glenview Trust Co increased its stake in 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 period. Finally, Parkside Financial Bank & Trust increased its stake in 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. 77.35% of the stock is owned by hedge funds and other institutional investors.

Accenture PLC (NYSE:ACN) opened at 126.70 on Monday. Accenture PLC has a 12-month low of $108.83 and a 12-month high of $128.47. The stock has a market capitalization of $78.30 billion, a PE ratio of 22.44 and a beta of 1.11. The company’s 50-day moving average is $124.15 and its 200 day moving average is $120.60.

Accenture PLC (NYSE:ACN) last released its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.52. The business had revenue of $8.87 billion during the quarter, compared to analyst estimates of $8.82 billion. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. Accenture PLC’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.41 EPS. On average, equities research analysts expect that Accenture PLC will post $5.90 earnings per share for the current fiscal year.

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Several equities research analysts have weighed in on the stock. Berenberg Bank set a $140.00 price target on shares of Accenture PLC and gave the company a “buy” rating in a research note on Saturday, June 24th. Goldman Sachs Group, Inc. (The) downgraded shares of Accenture PLC from a “neutral” rating to a “sell” rating and set a $110.00 price target for the company. in a research note on Monday, April 3rd. Credit Suisse Group reaffirmed a “hold” rating and issued a $124.00 price target on shares of Accenture PLC in a research note on Friday, March 24th. BMO Capital Markets lifted their price target on shares of Accenture PLC to $125.00 in a research note on Friday, March 24th. Finally, SunTrust Banks, Inc. downgraded shares of Accenture PLC from a “buy” rating to a “hold” rating and lifted their price target for the company from $122.15 to $130.00 in a research note on Wednesday, May 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Accenture PLC has a consensus rating of “Buy” and a consensus target price of $130.71.

In other news, insider Robert E. Sell sold 2,222 shares of the firm’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $119.97, for a total transaction of $266,573.34. Following the sale, the insider now owns 44,423 shares of the company’s stock, valued at approximately $5,329,427.31. 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 the firm’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $123.02, for a total transaction of $4,937,284.68. Following the sale, the chief executive officer now directly owns 222,362 shares in the company, valued at approximately $27,354,973.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,457 shares of company stock valued at $8,895,106. 0.21% of the stock is owned by company 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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