Creative Planning lowered its stake in shares of Accenture Plc (NYSE:ACN) by 4.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,303 shares of the information technology services provider’s stock after selling 1,769 shares during the period. Creative Planning’s holdings in Accenture Plc were worth $4,614,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ACN. Park Avenue Securities LLC raised its stake in shares of Accenture Plc by 23.6% in the first quarter. Park Avenue Securities LLC now owns 7,379 shares of the information technology services provider’s stock valued at $868,000 after buying an additional 1,408 shares during the period. Bartlett & Co. LLC raised its stake in shares of Accenture Plc by 17.3% in the first quarter. Bartlett & Co. LLC now owns 153,348 shares of the information technology services provider’s stock valued at $18,383,000 after buying an additional 22,655 shares during the period. Penobscot Investment Management Company Inc. raised its stake in shares of Accenture Plc by 3.7% in the first quarter. Penobscot Investment Management Company Inc. now owns 19,760 shares of the information technology services provider’s stock valued at $2,369,000 after buying an additional 700 shares during the period. Court Place Advisors LLC raised 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 valued at $377,000 after buying an additional 24 shares during the period. Finally, Dubuque Bank & Trust Co. raised its stake in shares of Accenture Plc by 117.3% in the first quarter. Dubuque Bank & Trust Co. now owns 2,945 shares of the information technology services provider’s stock valued at $353,000 after buying an additional 1,590 shares during the period. Institutional investors and hedge funds own 77.78% of the company’s stock.

Shares of Accenture Plc (ACN) traded up 0.49% during trading on Thursday, hitting $130.42. 647,875 shares of the company’s stock were exchanged. The stock has a market cap of $80.60 billion, a PE ratio of 23.10 and a beta of 1.11. Accenture Plc has a 1-year low of $108.83 and a 1-year high of $130.78. The stock’s 50-day moving average price is $128.12 and its 200-day moving average price is $123.50.

Accenture Plc (NYSE:ACN) last posted its quarterly earnings data 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. The firm had revenue of $8.87 billion for the quarter, compared to the consensus estimate of $8.82 billion. Accenture Plc had a net margin of 7.53% and a return on equity of 33.29%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 EPS. On average, equities analysts expect that Accenture Plc will post $5.90 earnings per share for the current fiscal year.

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Several brokerages have recently weighed in on ACN. Zacks Investment Research lowered shares of Accenture Plc from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub lowered shares of Accenture Plc from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Cowen and Company reiterated a “buy” rating and set a $135.00 target price on shares of Accenture Plc in a research report on Friday, July 28th. Morgan Stanley set a $132.00 target price on shares of Accenture Plc and gave the company a “hold” rating in a research report on Friday, June 16th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $138.00 target price (up from $132.00) on shares of Accenture Plc in a research report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, ten 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 presently has a consensus rating of “Buy” and a consensus target price of $131.17.

In other Accenture Plc news, insider Gianfranco Casati sold 6,836 shares of Accenture Plc stock in a transaction on Monday, June 26th. The shares were sold at an average price of $122.97, for a total transaction of $840,622.92. Following the transaction, the insider now directly owns 61,714 shares of the company’s stock, valued at approximately $7,588,970.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Richard Lumb sold 2,200 shares of Accenture Plc stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $129.26, for a total transaction of $284,372.00. Following the transaction, the insider now directly owns 119,013 shares in the company, valued at $15,383,620.38. The disclosure for this sale can be found here. Insiders have sold a total of 79,817 shares of company stock worth $9,920,929 over the last ninety days. 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.

Institutional Ownership by Quarter for Accenture Plc (NYSE:ACN)

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