NS Partners Ltd reduced its stake in Accenture PLC (NYSE:ACN) by 0.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,446 shares of the information technology services provider’s stock after selling 6 shares during the period. NS Partners Ltd’s holdings in Accenture PLC were worth $2,331,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Coconut Grove Bank increased its position 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. Farmers & Merchants Investments Inc. increased its position in 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 valued at $104,000 after buying an additional 11 shares during the period. Howe & Rusling Inc. increased its position in Accenture PLC by 14.2% in the first quarter. Howe & Rusling Inc. now owns 908 shares of the information technology services provider’s stock valued at $109,000 after buying an additional 113 shares during the period. Bellwether Investment Group LLC increased its position 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. Finally, Parkside Financial Bank & Trust increased its position 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. Institutional investors and hedge funds own 77.48% of the company’s stock.

Accenture PLC (NYSE:ACN) traded down 0.13% on Thursday, reaching $129.45. 410,878 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $126.45 and its 200 day moving average price is $122.38. Accenture PLC has a 1-year low of $108.83 and a 1-year high of $130.67. The firm has a market capitalization of $80.00 billion, a price-to-earnings ratio of 22.92 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share (EPS) 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 company had revenue of $8.87 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period last 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 expect that Accenture PLC will post $5.90 earnings per share for the current year.

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Several research firms have commented on ACN. BMO Capital Markets restated a “hold” rating and issued a $130.00 price target (up previously from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. Wells Fargo & Company restated an “outperform” rating and issued a $138.00 price target (up previously from $131.50) on shares of Accenture PLC in a research note on Friday, June 16th. Zacks Investment Research downgraded shares of Accenture PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, May 30th. SunTrust Banks, Inc. downgraded shares of Accenture PLC from a “buy” rating to a “hold” rating and boosted their price target for the stock from $122.15 to $130.00 in a research note on Wednesday, May 24th. Finally, Berenberg Bank set a $140.00 price objective on shares of Accenture PLC and gave the stock a “buy” rating in a research report on Saturday, June 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $130.71.

In related news, insider Gianfranco Casati sold 5,000 shares of Accenture PLC stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $130.00, for a total value of $650,000.00. Following the sale, the insider now directly owns 56,014 shares in the company, valued at approximately $7,281,820. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Richard Lumb sold 2,200 shares of Accenture PLC stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $127.51, for a total transaction of $280,522.00. Following the completion of the sale, the insider now owns 119,942 shares in the company, valued at $15,293,804.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,617 shares of company stock worth $9,636,557. 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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Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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