Accenture Plc (ACN) Shares Sold by Orrstown Financial Services Inc.

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Orrstown Financial Services Inc. cut its holdings in Accenture Plc (NYSE:ACN) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,355 shares of the information technology services provider’s stock after selling 468 shares during the period. Accenture comprises approximately 1.7% of Orrstown Financial Services Inc.’s holdings, making the stock its 10th biggest position. Orrstown Financial Services Inc.’s holdings in Accenture were worth $1,367,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Advocates Investment Management acquired a new position in shares of Accenture in the 1st quarter valued at about $357,000. BB&T Securities LLC boosted its holdings in shares of Accenture by 83.1% in the 1st quarter. BB&T Securities LLC now owns 256,405 shares of the information technology services provider’s stock valued at $39,357,000 after buying an additional 116,349 shares during the period. Investment House LLC boosted its holdings in shares of Accenture by 1.0% in the 2nd quarter. Investment House LLC now owns 103,513 shares of the information technology services provider’s stock valued at $16,934,000 after buying an additional 984 shares during the period. OMERS ADMINISTRATION Corp boosted its holdings in shares of Accenture by 24.9% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 53,600 shares of the information technology services provider’s stock valued at $8,228,000 after buying an additional 10,700 shares during the period. Finally, Capital Investment Advisors LLC boosted its holdings in shares of Accenture by 109.4% in the 2nd quarter. Capital Investment Advisors LLC now owns 3,224 shares of the information technology services provider’s stock valued at $527,000 after buying an additional 1,684 shares during the period. 69.55% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:ACN opened at $160.58 on Tuesday. The company has a market capitalization of $108.20 billion, a PE ratio of 27.17, a P/E/G ratio of 2.31 and a beta of 0.96. Accenture Plc has a twelve month low of $127.26 and a twelve month high of $168.95.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 28th. The information technology services provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.07. The company had revenue of $10.32 billion during the quarter, compared to analyst estimates of $10.04 billion. Accenture had a net margin of 9.76% and a return on equity of 42.01%. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 EPS. research analysts anticipate that Accenture Plc will post 6.71 earnings per share for the current year.

In related news, CEO Pierre Nanterme sold 32,376 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $162.39, for a total value of $5,257,538.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Chad T. Jerdee sold 1,141 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $162.30, for a total transaction of $185,184.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,868 shares of company stock valued at $8,296,018. Company insiders own 0.21% of the company’s stock.

ACN has been the subject of a number of analyst reports. Pivotal Research reissued a “buy” rating and set a $180.00 target price on shares of Accenture in a research note on Wednesday, April 11th. Cantor Fitzgerald reissued a “buy” rating and set a $180.00 target price on shares of Accenture in a research note on Wednesday, April 25th. Credit Suisse Group set a $151.00 target price on shares of Accenture and gave the company a “hold” rating in a research note on Thursday, April 26th. Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a research note on Tuesday, May 22nd. Finally, UBS Group raised shares of Accenture from a “neutral” rating to a “positive” rating in a research note on Tuesday, June 19th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $162.11.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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