Two Sigma Securities LLC bought a new stake in shares of Accenture PLC (NYSE:ACN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,583 shares of the information technology services provider’s stock, valued at approximately $310,000.

Other institutional investors also recently bought and sold shares of the company. Ropes Wealth Advisors LLC raised its position in Accenture PLC by 0.5% in the first quarter. Ropes Wealth Advisors LLC now owns 1,412 shares of the information technology services provider’s stock valued at $169,000 after buying an additional 7 shares during the period. Farmers & Merchants Investments Inc. raised its position in shares of 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 worth $104,000 after buying an additional 11 shares during the period. Blue Fin Capital Inc. raised its position in shares of Accenture PLC by 0.3% in the first quarter. Blue Fin Capital Inc. now owns 4,400 shares of the information technology services provider’s stock worth $527,000 after buying an additional 12 shares during the period. Glenview Trust Co raised its position in shares of Accenture PLC by 0.3% in the first quarter. Glenview Trust Co now owns 4,935 shares of the information technology services provider’s stock worth $591,000 after buying an additional 15 shares during the period. Finally, Parkside Financial Bank & Trust raised its position in shares of Accenture PLC by 2.0% in the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock worth $117,000 after buying an additional 19 shares during the period. 77.48% of the stock is owned by institutional investors.

Accenture PLC (NYSE:ACN) traded down 0.19% during trading on Thursday, reaching $129.37. 481,621 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $126.45 and a 200-day moving average price of $122.38. Accenture PLC has a 12 month low of $108.83 and a 12 month high of $130.67. The firm has a market cap of $79.95 billion, a PE ratio of 22.91 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, hitting the 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 analysts’ expectations of $8.82 billion. During the same period in the previous year, the firm posted $1.41 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts forecast that Accenture PLC will post $5.90 earnings per share for the current fiscal year.

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ACN has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Accenture PLC from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Morgan Stanley set a $132.00 price objective on Accenture PLC and gave the stock a “hold” rating in a report on Friday, June 16th. BMO Capital Markets reissued a “hold” rating and issued a $130.00 price objective (up from $125.00) on shares of Accenture PLC in a report on Thursday, June 22nd. Cowen and Company increased their price objective on Accenture PLC from $131.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $138.00 price objective (up from $131.50) on shares of Accenture PLC in a report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Accenture PLC presently has a consensus rating of “Buy” and a consensus target price of $130.71.

In other news, insider Gianfranco Casati sold 6,836 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $122.97, for a total transaction of $840,622.92. Following the transaction, the insider now directly owns 61,714 shares in the company, valued at approximately $7,588,970.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Chad T. Jerdee sold 3,200 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $122.97, for a total transaction of $393,504.00. Following the transaction, the general counsel now owns 18,566 shares in the company, valued at $2,283,061.02. The disclosure for this sale can be found here. Insiders have sold a total of 77,617 shares of company stock worth $9,636,557 over the last three months. Insiders own 0.21% of the company’s stock.

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.

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

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