Park Avenue Securities LLC boosted its position in Accenture PLC (NYSE:ACN) by 90.1% during the second quarter, Holdings Channel reports. The firm owned 4,890 shares of the company’s stock after buying an additional 2,317 shares during the period. Park Avenue Securities LLC’s holdings in Accenture PLC were worth $555,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Cribstone Capital Management LLC purchased a new stake in Accenture PLC during the second quarter worth $104,000. Joel Isaacson & Co. LLC increased 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 period. City Holding Co. increased 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 period. Ropes Wealth Advisors LLC increased 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 period. Finally, Loomis Sayles & Co. L P increased 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 period. 77.18% of the stock is owned by institutional investors.
Shares of Accenture PLC (NYSE:ACN) traded up 0.44% during midday trading on Friday, hitting $122.17. The company had a trading volume of 4,815,794 shares. The stock has a market capitalization of $76.06 billion, a price-to-earnings ratio of 20.65 and a beta of 1.17. The stock’s 50-day moving average price is $113.60 and its 200-day moving average price is $114.45. Accenture PLC has a one year low of $91.40 and a one year high of $124.96.
Accenture PLC (NYSE:ACN) last issued its earnings results on Thursday, September 29th. The company reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. The firm had revenue of $8.49 billion for the quarter. Accenture PLC had a return on equity of 47.61% and a net margin of 11.24%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.15 EPS. Analysts predict that Accenture PLC will post $5.88 EPS for the current year.
A number of research firms have recently weighed in on ACN. Deutsche Bank AG reaffirmed a “buy” rating on shares of Accenture PLC in a research note on Sunday, June 26th. Royal Bank Of Canada reissued a “buy” rating on shares of Accenture PLC in a research note on Sunday, June 26th. Susquehanna reissued a “positive” rating and issued a $130.00 price objective on shares of Accenture PLC in a research note on Wednesday, June 22nd. Barclays PLC raised their price objective on Accenture PLC from $112.00 to $128.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, BMO Capital Markets reissued a “hold” rating on shares of Accenture PLC in a research note on Thursday, June 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $122.42.
In other Accenture PLC news, General Counsel Chad T. Jerdee sold 4,000 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $113.35, for a total value of $453,400.00. Following the sale, the general counsel now owns 28,755 shares of the company’s stock, valued at approximately $3,259,379.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Daniel T. London sold 3,686 shares of the firm’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $115.57, for a total value of $425,991.02. Following the completion of the sale, the insider now directly owns 26,023 shares in the company, valued at approximately $3,007,478.11. The disclosure for this sale can be found here. 0.17% of the stock is owned by company insiders.
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.
Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN).
Receive News & Ratings for Accenture PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture PLC and related companies with MarketBeat.com's FREE daily email newsletter.