First Midwest Bank Trust Division decreased its stake in shares of Accenture PLC (NYSE:ACN) by 9.7% during the second quarter, Holdings Channel reports. The firm owned 3,370 shares of the information technology services provider’s stock after selling 360 shares during the period. First Midwest Bank Trust Division’s holdings in Accenture PLC were worth $417,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Bank of Montreal Can increased its stake in shares of Accenture PLC by 25.8% in the first quarter. Bank of Montreal Can now owns 1,200,894 shares of the information technology services provider’s stock worth $143,963,000 after buying an additional 246,406 shares during the last quarter. Regentatlantic Capital LLC increased its stake in shares of Accenture PLC by 5.1% in the first quarter. Regentatlantic Capital LLC now owns 6,682 shares of the information technology services provider’s stock worth $801,000 after buying an additional 322 shares during the last quarter. Orrstown Financial Services Inc. increased its stake in shares of Accenture PLC by 3.4% in the first quarter. Orrstown Financial Services Inc. now owns 10,743 shares of the information technology services provider’s stock worth $1,288,000 after buying an additional 350 shares during the last quarter. Spirit of America Management Corp NY increased its stake in shares of Accenture PLC by 18.6% in the first quarter. Spirit of America Management Corp NY now owns 5,750 shares of the information technology services provider’s stock worth $689,000 after buying an additional 900 shares during the last quarter. Finally, First National Bank of Omaha increased its stake in shares of Accenture PLC by 0.8% in the first quarter. First National Bank of Omaha now owns 70,442 shares of the information technology services provider’s stock worth $8,445,000 after buying an additional 539 shares during the last quarter. 77.48% of the stock is currently owned by institutional investors.

Accenture PLC (NYSE ACN) traded down 0.03% during midday trading on Friday, reaching $128.20. 1,105,546 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $126.66 and its 200 day moving average is $122.51. The firm has a market capitalization of $79.23 billion, a price-to-earnings ratio of 22.70 and a beta of 1.11. Accenture PLC has a 52 week low of $108.83 and a 52 week high of $130.67.

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

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A number of analysts have recently issued reports on the stock. BidaskClub downgraded shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Cowen and Company reaffirmed a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a report on Friday, July 28th. Berenberg Bank set a $140.00 price target on shares of Accenture PLC and gave the company a “buy” rating in a report on Saturday, June 24th. 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 report on Thursday, June 22nd. Finally, Morgan Stanley set a $132.00 price target on shares of Accenture PLC and gave the company a “hold” rating in a report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $130.71.

In related news, General Counsel Chad T. Jerdee sold 3,200 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of $122.97, for a total value of $393,504.00. Following the completion of the transaction, the general counsel now directly owns 18,566 shares of the company’s stock, valued at approximately $2,283,061.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gianfranco Casati sold 6,836 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $122.97, for a total value of $840,622.92. Following the completion of the sale, the insider now directly owns 61,714 shares of the company’s stock, valued at $7,588,970.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 79,817 shares of company stock valued at $9,920,929. 0.21% of the stock is owned by corporate insiders.

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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