Accenture PLC (ACN) Shares Sold by Notis McConarty Edward

Notis McConarty Edward cut its position in Accenture PLC (NYSE:ACN) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,900 shares of the information technology services provider’s stock after selling 50 shares during the period. Notis McConarty Edward’s holdings in Accenture PLC were worth $730,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. ING Groep NV acquired a new stake in shares of Accenture PLC during the second quarter worth about $2,907,000. Wellington Shields Capital Management LLC boosted its stake in shares of Accenture PLC by 25.1% in the second quarter. Wellington Shields Capital Management LLC now owns 16,950 shares of the information technology services provider’s stock worth $2,096,000 after buying an additional 3,400 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Accenture PLC by 9.7% in the second quarter. Russell Investments Group Ltd. now owns 893,818 shares of the information technology services provider’s stock worth $110,551,000 after buying an additional 78,697 shares during the period. Regentatlantic Capital LLC boosted its stake in shares of Accenture PLC by 1.4% in the second quarter. Regentatlantic Capital LLC now owns 6,777 shares of the information technology services provider’s stock worth $838,000 after buying an additional 95 shares during the period. Finally, Raub Brock Capital Management LP boosted its stake in shares of Accenture PLC by 1.4% in the second quarter. Raub Brock Capital Management LP now owns 128,416 shares of the information technology services provider’s stock worth $15,882,000 after buying an additional 1,822 shares during the period. 76.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Accenture PLC (NYSE:ACN) traded down 1.34% on Thursday, reaching $128.29. 662,295 shares of the company’s stock traded hands. The firm has a market cap of $79.28 billion, a P/E ratio of 22.72 and a beta of 1.11. The stock has a 50-day moving average of $127.28 and a 200 day moving average of $122.85. Accenture PLC has a 12-month low of $108.83 and a 12-month high of $130.67.

Accenture PLC (NYSE:ACN) last released its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 EPS 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 business had revenue of $8.87 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the prior year, the firm posted $1.41 EPS. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts expect that Accenture PLC will post $5.90 earnings per share for the current year.

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A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $130.00 price objective (up previously from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $138.00 price objective (up previously from $131.50) on shares of Accenture PLC in a research note on Friday, June 16th. Zacks Investment Research cut shares of Accenture PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, May 30th. SunTrust Banks, Inc. cut shares of Accenture PLC from a “buy” rating to a “hold” rating and upped their price objective for the company from $122.15 to $130.00 in a research note on Wednesday, May 24th. Finally, Berenberg Bank set a $140.00 price objective on shares of Accenture PLC and gave the company a “buy” rating in a research note on Saturday, June 24th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $130.71.

In other news, insider Gianfranco Casati sold 6,836 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $122.97, for a total transaction of $840,622.92. Following the transaction, the insider now owns 61,714 shares in the company, valued at approximately $7,588,970.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Pierre Nanterme sold 40,134 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $123.02, for a total value of $4,937,284.68. Following the transaction, the chief executive officer now owns 222,362 shares in the company, valued at approximately $27,354,973.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,817 shares of company stock worth $9,920,929. 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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Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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