Concentric Wealth Management LLC held its position in Accenture PLC (NYSE:ACN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,262 shares of the information technology services provider’s stock at the end of the first quarter. Concentric Wealth Management LLC’s holdings in Accenture PLC were worth $391,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Coconut Grove Bank increased its position 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 during the period. Farmers & Merchants Investments Inc. increased its position 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. Howe & Rusling Inc. increased its position 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 during the period. Parkside Financial Bank & Trust increased its position 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. Finally, Opera Trading Capital acquired a new position in Accenture PLC during the first quarter valued at $119,000. Hedge funds and other institutional investors own 77.48% of the company’s stock.
Shares of Accenture PLC (NYSE:ACN) opened at 129.62 on Thursday. The firm has a market cap of $80.10 billion, a price-to-earnings ratio of 22.95 and a beta of 1.11. The firm’s 50-day moving average price is $126.45 and its 200-day moving average price is $122.38. Accenture PLC has a 52 week low of $108.83 and a 52 week high of $130.67.
Accenture PLC (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, hitting the consensus estimate of $1.52. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. The business 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 firm earned $1.41 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that Accenture PLC will post $5.90 EPS for the current fiscal year.
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Several research firms recently weighed in on ACN. Berenberg Bank set a $140.00 target price on Accenture PLC and gave the stock a “buy” rating in a research report on Saturday, June 24th. Cowen and Company restated a “buy” rating and issued a $135.00 price objective on shares of Accenture PLC in a report on Friday, July 28th. BidaskClub downgraded Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Robert W. Baird restated a “neutral” rating and issued a $138.00 price objective (up from $132.00) on shares of Accenture PLC in a report on Wednesday, June 14th. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $138.00 price objective (up from $131.50) on shares of Accenture PLC in a report on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Accenture PLC has an average rating of “Buy” and a consensus target price of $130.71.
In related news, General Counsel Chad T. Jerdee sold 3,200 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $122.97, for a total transaction of $393,504.00. Following the transaction, the general counsel now directly owns 18,566 shares in the company, valued at $2,283,061.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Johan Deblaere sold 5,000 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $122.99, for a total value of $614,950.00. Following the transaction, the chief operating officer now owns 126,417 shares in the company, valued at $15,548,026.83. The disclosure for this sale can be found here. Insiders have sold 77,617 shares of company stock worth $9,636,557 over the last 90 days. Corporate insiders own 0.21% of the company’s stock.
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.
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