Accenture PLC (ACN) Shares Sold by CHICAGO TRUST Co NA
CHICAGO TRUST Co NA reduced its stake in Accenture PLC (NYSE:ACN) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,357 shares of the information technology services provider’s stock after selling 190 shares during the period. CHICAGO TRUST Co NA’s holdings in Accenture PLC were worth $1,529,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Coconut Grove Bank raised its stake 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 during the period. Bellwether Investment Group LLC raised its stake in Accenture PLC by 64.2% in the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after buying an additional 359 shares during the period. Parkside Financial Bank & Trust raised its stake in 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 valued at $117,000 after buying an additional 19 shares during the period. Opera Trading Capital purchased a new stake in Accenture PLC during the first quarter valued at $119,000. Finally, Harbour Capital Advisors LLC purchased a new stake in Accenture PLC during the first quarter valued at $122,000. Hedge funds and other institutional investors own 77.78% of the company’s stock.
Accenture PLC (ACN) traded down 0.06% during mid-day trading on Wednesday, hitting $129.58. The stock had a trading volume of 433,878 shares. Accenture PLC has a 1-year low of $108.83 and a 1-year high of $130.67. The stock has a 50 day moving average of $128.12 and a 200-day moving average of $123.50. The firm has a market cap of $80.08 billion, a P/E ratio of 22.95 and a beta of 1.11.
Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share 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 company had revenue of $8.87 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter in the previous year, the firm posted $1.41 earnings per share. Accenture PLC’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts predict that Accenture PLC will post $5.90 EPS for the current fiscal year.
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ACN has been the topic of several research reports. Cantor Fitzgerald reissued a “buy” rating and issued a $135.00 target price on shares of Accenture PLC in a report on Monday, May 29th. Berenberg Bank set a $140.00 price objective on Accenture PLC and gave the company a “buy” rating in a research note on Saturday, June 24th. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Monday. BidaskClub lowered Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $131.17.
In related news, General Counsel Chad T. Jerdee sold 3,200 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $122.97, for a total value of $393,504.00. Following the sale, the general counsel now owns 18,566 shares in the company, valued at approximately $2,283,061.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gianfranco Casati sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $130.00, for a total transaction of $650,000.00. Following the completion of the sale, the insider now owns 56,014 shares in the company, valued at approximately $7,281,820. The disclosure for this sale can be found here. Insiders have sold 79,817 shares of company stock worth $9,920,929 in the last ninety days. 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.
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