Accenture PLC (ACN) Shares Bought by Monarch Capital Management Inc.
Monarch Capital Management Inc. increased its position in Accenture PLC (NYSE:ACN) by 0.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 36,843 shares of the information technology services provider’s stock after buying an additional 100 shares during the period. Accenture PLC makes up 1.7% of Monarch Capital Management Inc.’s portfolio, making the stock its 25th largest position. Monarch Capital Management Inc.’s holdings in Accenture PLC were worth $4,557,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new position in shares of Accenture PLC during the first quarter valued at $408,000. Coastline Trust Co boosted its position in shares of Accenture PLC by 0.4% in the first quarter. Coastline Trust Co now owns 29,256 shares of the information technology services provider’s stock valued at $3,507,000 after buying an additional 110 shares during the last quarter. Boston Advisors LLC boosted its position in shares of Accenture PLC by 1.4% in the first quarter. Boston Advisors LLC now owns 60,000 shares of the information technology services provider’s stock valued at $7,193,000 after buying an additional 808 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Accenture PLC by 11.3% in the first quarter. Nisa Investment Advisors LLC now owns 177,156 shares of the information technology services provider’s stock valued at $21,237,000 after buying an additional 17,933 shares during the last quarter. Finally, Whitnell & Co. boosted its position in shares of Accenture PLC by 10.6% in the first quarter. Whitnell & Co. now owns 12,624 shares of the information technology services provider’s stock valued at $1,513,000 after buying an additional 1,214 shares during the last quarter. 76.88% of the stock is currently owned by institutional investors.
Shares of Accenture PLC (ACN) opened at 127.44 on Monday. The stock has a market cap of $78.76 billion, a price-to-earnings ratio of 22.57 and a beta of 1.11. Accenture PLC has a 52 week low of $108.83 and a 52 week high of $130.67. The stock’s 50 day moving average is $127.52 and its 200 day moving average is $122.97.
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, meeting 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 during the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the prior year, the company earned $1.41 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that Accenture PLC will post $5.90 EPS for the current year.
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Several equities analysts recently weighed in on ACN shares. SunTrust Banks, Inc. cut shares of Accenture PLC from a “buy” rating to a “hold” rating and raised their price target for the company from $122.15 to $130.00 in a research report on Wednesday, May 24th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research report on Monday, May 29th. Zacks Investment Research cut shares of Accenture PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. Robert W. Baird reaffirmed a “neutral” rating and issued a $138.00 price target (up previously from $132.00) on shares of Accenture PLC in a research report on Wednesday, June 14th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $138.00 price target (up previously from $131.50) on shares of Accenture PLC in a research report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $130.71.
In other news, insider Richard Lumb sold 2,200 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $129.26, for a total value of $284,372.00. Following the completion of the sale, the insider now directly owns 119,013 shares of the company’s stock, valued at $15,383,620.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gianfranco Casati sold 6,836 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of $122.97, for a total transaction of $840,622.92. Following the completion of the sale, the insider now directly owns 61,714 shares of the company’s stock, valued at $7,588,970.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,817 shares of company stock valued at $9,920,929. 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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