Moody National Bank Trust Division maintained its stake in shares of Accenture PLC (NYSE:ACN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,325 shares of the information technology services provider’s stock at the end of the second quarter. Moody National Bank Trust Division’s holdings in Accenture PLC were worth $658,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Coconut Grove Bank raised its stake in shares of Accenture PLC by 75.7% in the first quarter. Coconut Grove Bank now owns 845 shares of the information technology services provider’s stock worth $101,000 after buying an additional 364 shares during the period. Bellwether Investment Group LLC raised its stake in shares of 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 worth $110,000 after buying an additional 359 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of 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 worth $117,000 after buying an additional 19 shares during the period. Opera Trading Capital acquired a new stake in shares of Accenture PLC during the first quarter worth approximately $119,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Accenture PLC during the first quarter worth approximately $122,000. Institutional investors and hedge funds own 77.78% of the company’s stock.

Accenture PLC (NYSE:ACN) opened at 129.79 on Thursday. Accenture PLC has a 12 month low of $108.83 and a 12 month high of $130.67. The stock has a market capitalization of $80.21 billion, a PE ratio of 22.98 and a beta of 1.11. The stock has a 50 day moving average price of $128.12 and a 200 day moving average price of $123.50.

Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, June 22nd. The information technology services provider reported $1.52 earnings per share for the quarter, hitting the consensus estimate of $1.52. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The firm had revenue of $8.87 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that Accenture PLC will post $5.90 earnings per share for the current fiscal year.

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A number of analysts recently commented on ACN shares. Cantor Fitzgerald reiterated a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a report on Monday, May 29th. Berenberg Bank set a $140.00 price target on Accenture PLC and gave the stock a “buy” rating in a report on Saturday, June 24th. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Monday. BidaskClub lowered Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, Cowen and Company reiterated a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Accenture PLC presently has a consensus rating of “Buy” and an average target price of $131.17.

In related news, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $129.26, for a total transaction of $284,372.00. Following the completion of the transaction, the insider now owns 119,013 shares in the company, valued at approximately $15,383,620.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Julie Spellman Sweet sold 1,974 shares of the company’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $128.68, for a total transaction of $254,014.32. Following the transaction, the insider now owns 14,082 shares of the company’s stock, valued at approximately $1,812,071.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,817 shares of company stock valued at $9,920,929. 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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