First Financial Bank Trust Division cut its position in shares of Accenture Plc (NYSE:ACN) by 61.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,556 shares of the information technology services provider’s stock after selling 29,480 shares during the period. First Financial Bank Trust Division’s holdings in Accenture were worth $3,035,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farmers National Bank bought a new stake in shares of Accenture during the fourth quarter valued at approximately $107,000. BDO Wealth Advisors LLC boosted its stake in Accenture by 105.3% in the 1st quarter. BDO Wealth Advisors LLC now owns 739 shares of the information technology services provider’s stock valued at $113,000 after buying an additional 379 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Accenture in the 1st quarter valued at $127,000. Virtue Capital Management LLC acquired a new stake in Accenture in the 4th quarter valued at $128,000. Finally, Well Done LLC acquired a new stake in Accenture in the 1st quarter valued at $161,000. Institutional investors and hedge funds own 73.79% of the company’s stock.
Accenture stock traded up $1.42 on Thursday, reaching $164.76. The company’s stock had a trading volume of 114,117 shares, compared to its average volume of 2,867,741. The firm has a market cap of $103.77 billion, a P/E ratio of 27.85, a P/E/G ratio of 2.44 and a beta of 0.97. Accenture Plc has a twelve month low of $122.03 and a twelve month high of $165.58.
Accenture (NYSE:ACN) last posted its quarterly earnings data on Thursday, June 28th. The information technology services provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.07. The company had revenue of $10.32 billion for the quarter, compared to analyst estimates of $10.04 billion. Accenture had a return on equity of 42.01% and a net margin of 9.76%. The business’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 earnings per share. equities analysts forecast that Accenture Plc will post 6.71 EPS for the current year.
In other news, CFO David Rowland sold 3,270 shares of the company’s stock in a transaction on Friday, April 20th. The stock was sold at an average price of $152.93, for a total transaction of $500,081.10. Following the transaction, the chief financial officer now owns 20,243 shares of the company’s stock, valued at $3,095,761.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Chad T. Jerdee sold 1,141 shares of the company’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $162.30, for a total value of $185,184.30. The disclosure for this sale can be found here. Insiders have sold 48,875 shares of company stock worth $7,845,440 in the last ninety days. 0.21% of the stock is currently owned by insiders.
Several analysts recently commented on ACN shares. Pivotal Research set a $180.00 price target on Accenture and gave the company a “buy” rating in a research note on Wednesday, March 7th. KeyCorp boosted their price target on Accenture from $172.00 to $181.00 and gave the company a “positive” rating in a research note on Monday, March 19th. Wedbush reaffirmed an “outperform” rating and issued a $180.00 price target (up previously from $165.00) on shares of Accenture in a research note on Tuesday, March 20th. Robert W. Baird boosted their price target on Accenture from $162.00 to $165.00 and gave the company a “neutral” rating in a research note on Tuesday, March 20th. Finally, BMO Capital Markets boosted their price target on Accenture from $156.00 to $158.00 and gave the company a “market perform” rating in a research note on Friday, March 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $162.11.
Accenture Company Profile
Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.