Choate Investment Advisors maintained its position in Accenture PLC (NYSE:ACN) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 11,766 shares of the information technology services provider’s stock at the end of the first quarter. Choate Investment Advisors’ holdings in Accenture PLC were worth $1,411,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACN. Coconut Grove Bank boosted 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 worth $101,000 after buying an additional 364 shares during the last quarter. Farmers & Merchants Investments Inc. boosted 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 worth $104,000 after buying an additional 11 shares during the last quarter. Howe & Rusling Inc. boosted 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 worth $109,000 after buying an additional 113 shares during the last quarter. Independent Advisor Alliance purchased a new position in Accenture PLC during the fourth quarter worth approximately $116,000. Finally, Parkside Financial Bank & Trust boosted 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 worth $117,000 after buying an additional 19 shares during the last quarter. Institutional investors own 77.35% of the company’s stock.

Shares of Accenture PLC (NYSE:ACN) opened at 126.42 on Tuesday. The company has a market cap of $78.13 billion, a price-to-earnings ratio of 22.39 and a beta of 1.11. The company has a 50 day moving average price of $124.15 and a 200 day moving average price of $120.60. Accenture PLC has a one year low of $108.83 and a one year high of $128.47.

Accenture PLC (NYSE:ACN) last issued its earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.52. The company had revenue of $8.87 billion during the quarter, compared to analyst estimates of $8.82 billion. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.41 EPS. Equities analysts predict that Accenture PLC will post $5.90 EPS for the current year.

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A number of research analysts have recently commented on ACN shares. BMO Capital Markets raised their target price on Accenture PLC to $125.00 in a research note on Friday, March 24th. Stifel Nicolaus raised their target price on Accenture PLC from $128.00 to $138.00 and gave the company a “buy” rating in a research note on Tuesday, March 21st. Deutsche Bank AG raised their target price on Accenture PLC from $127.00 to $133.00 and gave the company a “buy” rating in a research note on Friday, March 24th. Cantor Fitzgerald restated a “buy” rating and issued a $135.00 target price on shares of Accenture PLC in a research note on Monday, May 29th. Finally, Berenberg Bank set a $140.00 target price on Accenture PLC and gave the company a “buy” rating in a research note on Saturday, June 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Accenture PLC presently has an average rating of “Buy” and a consensus price target of $130.71.

In other Accenture PLC news, insider Gianfranco Casati sold 6,836 shares of the stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $122.97, for a total transaction of $840,622.92. Following the sale, the insider now directly owns 61,714 shares of the company’s stock, valued at approximately $7,588,970.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ellyn Shook sold 2,200 shares of the stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $119.02, for a total value of $261,844.00. Following the sale, the insider now directly owns 43,261 shares in the company, valued at $5,148,924.22. The disclosure for this sale can be found here. Insiders sold a total of 72,457 shares of company stock valued at $8,895,106 in the last 90 days. 0.21% of the stock is currently 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.

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Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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