Douglass Winthrop Advisors LLC acquired a new stake in shares of Accenture PLC (NYSE:ACN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,675 shares of the information technology services provider’s stock, valued at approximately $331,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Coconut Grove Bank increased its position in Accenture PLC by 75.7% during the first quarter. Coconut Grove Bank now owns 845 shares of the information technology services provider’s stock worth $101,000 after purchasing an additional 364 shares during the last quarter. Bellwether Investment Group LLC increased its position in Accenture PLC by 64.2% during the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after purchasing an additional 359 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Accenture PLC by 2.0% during the first 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 last quarter. Opera Trading Capital acquired a new position in Accenture PLC during the first quarter worth approximately $119,000. Finally, Harbour Capital Advisors LLC acquired a new position in Accenture PLC during the first quarter worth approximately $122,000. 77.73% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $130.00 price target (up previously from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. 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. Wells Fargo & Company reissued an “outperform” rating and issued a $138.00 price objective (up previously from $131.50) on shares of Accenture PLC in a research report on Friday, June 16th. SunTrust Banks, Inc. lowered 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. Finally, Berenberg Bank set a $140.00 price objective on shares of Accenture PLC and gave the stock a “buy” rating in a research report on Saturday, June 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Accenture PLC has a consensus rating of “Buy” and an average target price of $132.59.

In other news, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $127.51, for a total value of $280,522.00. Following the sale, the insider now owns 119,942 shares in the company, valued at approximately $15,293,804.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gianfranco Casati sold 6,836 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $122.97, for a total transaction of $840,622.92. Following the completion of the sale, the insider now owns 61,714 shares in the company, valued at approximately $7,588,970.58. The disclosure for this sale can be found here. Insiders have sold 79,817 shares of company stock worth $9,920,929 in the last quarter. Corporate insiders own 0.21% of the company’s stock.

Accenture PLC (NYSE ACN) opened at 135.35 on Monday. Accenture PLC has a 52-week low of $109.12 and a 52-week high of $136.95. The company has a market capitalization of $83.64 billion, a P/E ratio of 23.97 and a beta of 1.11. The stock has a 50 day moving average of $130.42 and a 200-day moving average of $124.76.

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

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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.

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

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