Parkside Financial Bank & Trust Has $117,000 Stake in Accenture PLC (ACN)

Parkside Financial Bank & Trust boosted its stake in Accenture PLC (NYSE:ACN) by 2.0% during the first quarter, Holdings Channel reports. The institutional investor owned 978 shares of the information technology services provider’s stock after buying an additional 19 shares during the period. Parkside Financial Bank & Trust’s holdings in Accenture PLC were worth $117,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. 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 valued at $101,000 after buying an additional 364 shares in the last quarter. Elgethun Capital Management purchased a new position in Accenture PLC during the fourth quarter valued at approximately $102,000. 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 valued at $104,000 after buying an additional 11 shares in 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 valued at $109,000 after buying an additional 113 shares in the last quarter. Finally, Independent Advisor Alliance purchased a new position in Accenture PLC during the fourth quarter valued at approximately $116,000. 78.57% of the stock is currently owned by hedge funds and other institutional investors.

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

Accenture PLC (ACN) opened at 127.77 on Tuesday. Accenture PLC has a 1-year low of $108.66 and a 1-year high of $128.47. The company has a 50-day moving average of $123.53 and a 200-day moving average of $120.39. The stock has a market capitalization of $79.23 billion, a price-to-earnings ratio of 21.28 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, March 23rd. The information technology services provider reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.03. Accenture PLC had a net margin of 10.67% and a return on equity of 44.51%. The business had revenue of $8.32 billion for the quarter, compared to the consensus estimate of $8.34 billion. During the same period last year, the firm earned $1.34 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts anticipate that Accenture PLC will post $5.86 earnings per share for the current fiscal year.

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Several research firms have commented on ACN. BMO Capital Markets lifted their target price on shares of Accenture PLC to $125.00 in a research report on Friday, March 24th. Wells Fargo & Company reissued an “outperform” rating and set a $138.00 target price (up previously from $131.50) on shares of Accenture PLC in a research report on Friday. Cowen and Company reissued an “outperform” rating and set a $131.00 target price on shares of Accenture PLC in a research report on Monday, March 27th. Credit Suisse Group reissued a “hold” rating and set a $124.00 target price on shares of Accenture PLC in a research report on Friday, March 24th. Finally, Zacks Investment Research cut shares of Accenture PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $129.61.

In other news, insider Richard Lumb sold 2,200 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $121.06, for a total transaction of $266,332.00. Following the sale, the insider now directly owns 121,710 shares in the company, valued at approximately $14,734,212.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Pierre Nanterme sold 39,499 shares of the firm’s stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $120.75, for a total transaction of $4,769,504.25. Following the sale, the chief executive officer now owns 258,306 shares in the company, valued at $31,190,449.50. The disclosure for this sale can be found here. Insiders sold 82,626 shares of company stock worth $9,919,492 over the last quarter. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ACN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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