Ridgewood Investments LLC maintained its position in Accenture PLC (NYSE:ACN) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,141 shares of the information technology services provider’s stock at the close of the second quarter. Ridgewood Investments LLC’s holdings in Accenture PLC were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Ropes Wealth Advisors LLC boosted its position in shares of Accenture PLC by 0.5% during the 1st quarter. Ropes Wealth Advisors LLC now owns 1,412 shares of the information technology services provider’s stock worth $169,000 after purchasing an additional 7 shares during the period. Blue Fin Capital Inc. boosted its position in shares of Accenture PLC by 0.3% during the 1st quarter. Blue Fin Capital Inc. now owns 4,400 shares of the information technology services provider’s stock worth $527,000 after purchasing an additional 12 shares during the period. Glenview Trust Co boosted its position in shares of Accenture PLC by 0.3% during the 1st quarter. Glenview Trust Co now owns 4,935 shares of the information technology services provider’s stock worth $591,000 after purchasing an additional 15 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Accenture PLC by 2.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock worth $117,000 after purchasing an additional 19 shares during the period. Finally, Klingenstein Fields & Co. LLC boosted its position in shares of Accenture PLC by 0.9% during the 1st quarter. Klingenstein Fields & Co. LLC now owns 2,775 shares of the information technology services provider’s stock worth $333,000 after purchasing an additional 25 shares during the period. 77.80% of the stock is owned by hedge funds and other institutional investors.

Accenture PLC (NYSE:ACN) opened at 134.78 on Thursday. The company has a 50 day moving average of $129.89 and a 200-day moving average of $124.53. The stock has a market capitalization of $83.29 billion, a P/E ratio of 23.87 and a beta of 1.11. Accenture PLC has a 52-week low of $108.83 and a 52-week high of $136.95.

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

A number of equities analysts recently weighed in on ACN shares. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Monday, August 28th. Cowen and Company increased their price objective on shares of Accenture PLC from $131.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 28th. SunTrust Banks, Inc. cut shares of Accenture PLC from a “buy” rating to a “hold” rating and increased their price objective for the stock from $122.15 to $130.00 in a research report on Wednesday, May 24th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a research report on Monday, May 29th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $130.00 price objective (up previously from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $132.33.

In other news, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $129.26, for a total transaction of $284,372.00. Following the transaction, the insider now directly owns 119,013 shares of the company’s stock, valued at $15,383,620.38. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gianfranco Casati sold 5,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $130.00, for a total transaction of $650,000.00. Following the transaction, the insider now directly owns 56,014 shares in the company, valued at $7,281,820. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,817 shares of company stock worth $9,920,929. Corporate insiders own 0.21% of the company’s stock.

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Accenture PLC 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.

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

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