Atlantic Trust Group LLC cut its stake in shares of Accenture PLC (NYSE:ACN) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 162,237 shares of the information technology services provider’s stock after selling 3,931 shares during the period. Atlantic Trust Group LLC’s holdings in Accenture PLC were worth $19,450,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Cigna Investments Inc. New purchased a new stake in Accenture PLC during the fourth quarter valued at about $3,638,000. Capital International Ltd. CA purchased a new stake in Accenture PLC during the fourth quarter valued at about $8,859,000. Capital International Inc. CA purchased a new stake in Accenture PLC during the fourth quarter valued at about $1,862,000. Congress Asset Management Co. MA purchased a new stake in Accenture PLC during the fourth quarter valued at about $49,809,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Accenture PLC by 55.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 43,784 shares of the information technology services provider’s stock valued at $5,131,000 after buying an additional 15,685 shares in the last quarter. Hedge funds and other institutional investors own 77.35% of the company’s stock.
Shares of Accenture PLC (NYSE:ACN) opened at 123.85 on Wednesday. The company has a 50 day moving average price of $124.15 and a 200-day moving average price of $120.60. Accenture PLC has a 12 month low of $108.83 and a 12 month high of $128.47. The firm has a market capitalization of $76.54 billion, a PE ratio of 21.93 and a beta of 1.11.
Accenture PLC (NYSE:ACN) last announced its earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter in the previous year, the company earned $1.41 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that Accenture PLC will post $5.90 EPS for the current fiscal year.
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Several equities research analysts recently issued reports on the company. Morgan Stanley set a $132.00 price objective on Accenture PLC and gave the company a “hold” rating in a report on Friday, June 16th. Robert W. Baird restated a “neutral” rating and set a $138.00 price target (up previously from $132.00) on shares of Accenture PLC in a report on Wednesday, June 14th. BMO Capital Markets restated 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. Wells Fargo & Company restated an “outperform” rating and set a $138.00 price target (up previously from $131.50) on shares of Accenture PLC in a report on Friday, June 16th. Finally, Wedbush restated a “top pick” rating and set a $135.00 price target on shares of Accenture PLC in a report on Monday, March 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $130.98.
In other Accenture PLC news, insider Robert E. Sell sold 2,222 shares of the company’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $119.97, for a total value of $266,573.34. Following the transaction, the insider now owns 44,423 shares of the company’s stock, valued at $5,329,427.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $120.00, for a total value of $264,000.00. Following the completion of the transaction, the insider now directly owns 122,626 shares in the company, valued at approximately $14,715,120. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,057 shares of company stock worth $8,345,106. 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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