Penobscot Investment Management Company Inc. Has $5.18 Million Stock Position in Accenture Plc (NYSE:ACN)

Penobscot Investment Management Company Inc. grew its position in shares of Accenture Plc (NYSE:ACN) by 7.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,040 shares of the information technology services provider’s stock after acquiring an additional 2,060 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Accenture were worth $5,181,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Lenox Wealth Advisors LLC boosted its stake in Accenture by 297.1% in the second quarter. Lenox Wealth Advisors LLC now owns 135 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 101 shares in the last quarter. Financial Gravity Wealth Inc. acquired a new stake in Accenture in the first quarter valued at about $30,000. Semmax Financial Advisors Inc. acquired a new stake in Accenture in the first quarter valued at about $32,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in Accenture by 455.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 189 shares of the information technology services provider’s stock valued at $33,000 after buying an additional 155 shares in the last quarter. Finally, Next Capital Management LLC acquired a new stake in Accenture in the second quarter valued at about $34,000. Institutional investors own 69.57% of the company’s stock.

Accenture stock traded up $3.48 during trading hours on Friday, hitting $193.04. The stock had a trading volume of 800,310 shares, compared to its average volume of 1,649,386. The stock has a market cap of $129.61 billion, a price-to-earnings ratio of 28.64, a P/E/G ratio of 2.55 and a beta of 1.04. Accenture Plc has a one year low of $132.63 and a one year high of $197.47. The business’s 50 day simple moving average is $192.01 and its 200-day simple moving average is $177.43.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 27th. The information technology services provider reported $1.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.89 by $0.04. Accenture had a return on equity of 36.24% and a net margin of 10.93%. The company had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $11.03 billion. During the same period last year, the company earned $1.79 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, analysts anticipate that Accenture Plc will post 7.33 EPS for the current fiscal year.

In related news, Director Paula A. Price sold 645 shares of Accenture stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $194.24, for a total transaction of $125,284.80. Following the transaction, the director now owns 6,716 shares of the company’s stock, valued at $1,304,515.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $196.95, for a total value of $393,900.00. Following the transaction, the insider now directly owns 73,548 shares in the company, valued at approximately $14,485,278.60. The disclosure for this sale can be found here. Insiders sold 22,760 shares of company stock valued at $4,353,328 in the last three months. Insiders own 0.18% of the company’s stock.

Several analysts recently weighed in on ACN shares. Bank of America raised their price objective on Accenture from $182.00 to $186.00 and gave the company a “neutral” rating in a research note on Thursday, June 20th. Wells Fargo & Co raised their price objective on Accenture from $193.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Citigroup raised their price objective on Accenture from $194.00 to $211.00 and gave the company a “buy” rating in a research note on Thursday, June 20th. Argus raised their price objective on Accenture to $220.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, BMO Capital Markets raised their price objective on Accenture from $185.00 to $195.00 and gave the company a “positive” rating in a research note on Friday, June 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $192.38.

Accenture Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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