Gateway Investment Advisers LLC decreased its position in shares of Accenture PLC (NYSE:ACN) by 1.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 44,126 shares of the information technology services provider’s stock after selling 508 shares during the period. Gateway Investment Advisers LLC’s holdings in Accenture PLC were worth $5,458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ropes Wealth Advisors LLC boosted its stake in shares of 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 worth $169,000 after buying an additional 7 shares during the period. Blue Fin Capital Inc. boosted its stake 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 boosted its stake 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. Parkside Financial Bank & Trust boosted its stake 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. Finally, Court Place Advisors LLC boosted its stake in shares of Accenture PLC by 0.8% in the first quarter. Court Place Advisors LLC now owns 3,148 shares of the information technology services provider’s stock worth $377,000 after buying an additional 24 shares during the period. 77.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Accenture PLC (NYSE:ACN) traded down 0.06% during trading on Monday, hitting $129.31. The stock had a trading volume of 343,229 shares. Accenture PLC has a 12 month low of $108.83 and a 12 month high of $130.67. The company has a market cap of $79.91 billion, a PE ratio of 22.90 and a beta of 1.11. The stock has a 50 day moving average of $128.12 and a 200 day moving average of $123.50.

Accenture PLC (NYSE:ACN) last released its earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.52. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The business had revenue of $8.87 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the company posted $1.41 EPS. The business’s revenue was up 5.1% on a year-over-year basis. Equities analysts forecast that Accenture PLC will post $5.90 EPS for the current fiscal year.

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A number of analysts recently issued reports on ACN shares. 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. Zacks Investment Research cut Accenture PLC from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. SunTrust Banks, Inc. cut Accenture PLC from a “buy” rating to a “hold” rating and increased their price objective for the stock from $122.15 to $130.00 in a report on Wednesday, May 24th. Cantor Fitzgerald reissued a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a report on Monday, May 29th. Finally, BMO Capital Markets reissued a “hold” rating and set a $130.00 price objective (up previously from $125.00) on shares of Accenture PLC in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $130.71.

In other Accenture PLC news, insider Ellyn Shook sold 4,400 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $125.00, for a total value of $550,000.00. Following the transaction, the insider now directly owns 37,344 shares of the company’s stock, valued at approximately $4,668,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gianfranco Casati sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 56,014 shares in the company, valued at $7,281,820. The disclosure for this sale can be found here. Insiders sold a total of 79,817 shares of company stock worth $9,920,929 over the last three months. Corporate 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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