Accenture PLC (ACN) Position Held by Court Place Advisors LLC
Court Place Advisors LLC held its position in shares of Accenture PLC (NYSE:ACN) during the second quarter, Holdings Channel reports. The institutional investor owned 3,248 shares of the company’s stock at the end of the second quarter. Court Place Advisors LLC’s holdings in Accenture PLC were worth $368,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of ACN. Cribstone Capital Management LLC purchased a new position in shares of Accenture PLC during the second quarter worth $104,000. City Holding Co. raised its stake in Accenture PLC by 8.4% in the second quarter. City Holding Co. now owns 1,221 shares of the company’s stock worth $138,000 after buying an additional 95 shares during the last quarter. Joel Isaacson & Co. LLC raised its stake in Accenture PLC by 18.0% in the second quarter. Joel Isaacson & Co. LLC now owns 1,215 shares of the company’s stock worth $138,000 after buying an additional 185 shares during the last quarter. Ropes Wealth Advisors LLC raised its stake in Accenture PLC by 53.3% in the first quarter. Ropes Wealth Advisors LLC now owns 1,420 shares of the company’s stock worth $164,000 after buying an additional 494 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in Accenture PLC by 89.3% in the first quarter. Loomis Sayles & Co. L P now owns 1,662 shares of the company’s stock worth $192,000 after buying an additional 784 shares during the last quarter. 77.18% of the stock is currently owned by institutional investors.
Shares of Accenture PLC (NYSE:ACN) traded up 1.75% during trading on Thursday, hitting $113.66. The company had a trading volume of 2,596,154 shares. The firm’s 50 day moving average is $113.22 and its 200-day moving average is $114.00. Accenture PLC has a 52 week low of $91.40 and a 52 week high of $120.78. The stock has a market capitalization of $70.76 billion, a P/E ratio of 19.21 and a beta of 1.17.
Accenture PLC (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 23rd. The company reported $1.41 EPS for the quarter, meeting analysts’ consensus estimates of $1.41. The company earned $8.43 billion during the quarter. Accenture PLC had a return on equity of 47.61% and a net margin of 11.24%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 EPS. Equities research analysts anticipate that Accenture PLC will post $5.33 EPS for the current fiscal year.
A number of equities research analysts recently commented on the company. Morgan Stanley reissued a “hold” rating and issued a $120.00 price target on shares of Accenture PLC in a research report on Wednesday. Robert W. Baird reissued a “neutral” rating and issued a $125.00 price target on shares of Accenture PLC in a research report on Friday, September 16th. Zacks Investment Research lowered Accenture PLC from a “hold” rating to a “sell” rating in a research report on Wednesday, September 14th. Wedbush assumed coverage on Accenture PLC in a research report on Thursday, September 8th. They issued an “outperform” rating and a $125.00 price target for the company. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $132.00 price target on shares of Accenture PLC in a research report on Wednesday, September 7th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Accenture PLC presently has a consensus rating of “Buy” and a consensus target price of $120.92.
In other Accenture PLC news, insider Richard Lumb sold 1,250 shares of the business’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $109.88, for a total transaction of $137,350.00. Following the completion of the sale, the insider now owns 129,013 shares of the company’s stock, valued at $14,175,948.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard P. Clark sold 876 shares of the business’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $113.43, for a total value of $99,364.68. Following the sale, the insider now directly owns 16,396 shares of the company’s stock, valued at approximately $1,859,798.28. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.
Accenture PLC Company Profile
Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.
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