Axa Purchases 5,226 Shares of Accenture PLC (NYSE:ACN)
Axa boosted its position in shares of Accenture PLC (NYSE:ACN) by 1.2% during the first quarter, Holdings Channel reports. The fund owned 427,667 shares of the information technology services provider’s stock after buying an additional 5,226 shares during the period. Axa’s holdings in Accenture PLC were worth $51,268,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Coconut Grove Bank raised its stake 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 last quarter. Farmers & Merchants Investments Inc. raised its stake 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 last quarter. Howe & Rusling Inc. raised its stake 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 last quarter. Independent Advisor Alliance bought a new stake in Accenture PLC during the fourth quarter valued at about $116,000. Finally, Parkside Financial Bank & Trust raised its stake 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 last quarter. 77.35% of the stock is owned by institutional investors.
Accenture PLC (ACN) opened at 126.42 on Tuesday. Accenture PLC has a one year low of $108.83 and a one year high of $128.47. The stock has a market capitalization of $78.13 billion, a P/E ratio of 22.39 and a beta of 1.11. The stock has a 50 day moving average price of $124.15 and a 200-day moving average price of $120.60.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.52. The business had revenue of $8.87 billion for the quarter, compared to analysts’ expectations of $8.82 billion. Accenture PLC had a return on equity of 43.96% and a net margin of 9.92%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.41 earnings per share. Analysts anticipate that Accenture PLC will post $5.90 earnings per share for the current year.
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ACN has been the subject of several analyst reports. BMO Capital Markets raised their price objective on Accenture PLC to $125.00 in a research note on Friday, March 24th. Stifel Nicolaus raised their price objective 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 price target on Accenture PLC from $127.00 to $133.00 and gave the stock a “buy” rating in a research note on Friday, March 24th. Cantor Fitzgerald reissued a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a research note on Monday, May 29th. Finally, Berenberg Bank set a $140.00 price target on Accenture PLC and gave the stock a “buy” rating in a research note on Saturday, June 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $130.71.
In related news, insider Richard Lumb sold 2,200 shares of the stock in a transaction on Monday, April 24th. The stock was sold at an average price of $120.00, for a total value of $264,000.00. Following the transaction, the insider now owns 122,626 shares of the company’s stock, valued at $14,715,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Chad T. Jerdee sold 3,200 shares of the stock in a transaction on Monday, June 26th. The shares were sold at an average price of $122.97, for a total value of $393,504.00. Following the completion of the transaction, the general counsel now directly owns 18,566 shares in the company, valued at approximately $2,283,061.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,457 shares of company stock worth $8,895,106. Insiders own 0.21% of the company’s stock.
About Accenture PLC
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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