Chevy Chase Trust Holdings Inc. decreased its position in Accenture PLC (NYSE:ACN) by 6.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 785,395 shares of the information technology services provider’s stock after selling 57,181 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.13% of Accenture PLC worth $97,138,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACN. Ropes Wealth Advisors LLC boosted its position in Accenture PLC by 0.5% in the first quarter. Ropes Wealth Advisors LLC now owns 1,412 shares of the information technology services provider’s stock worth $169,000 after buying an additional 7 shares during the period. Blue Fin Capital Inc. boosted its position in Accenture PLC by 0.3% in the first quarter. Blue Fin Capital Inc. now owns 4,400 shares of the information technology services provider’s stock worth $527,000 after buying an additional 12 shares during the period. Glenview Trust Co boosted its position in Accenture PLC by 0.3% in the first quarter. Glenview Trust Co now owns 4,935 shares of the information technology services provider’s stock worth $591,000 after buying an additional 15 shares during the period. Parkside Financial Bank & Trust boosted its position in 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. Finally, Court Place Advisors LLC boosted its position in 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 worth $377,000 after buying an additional 24 shares during the period. Institutional investors own 77.78% of the company’s stock.

Shares of Accenture PLC (ACN) traded down 0.455% during trading on Friday, hitting $130.165. The company’s stock had a trading volume of 558,018 shares. Accenture PLC has a 52 week low of $108.83 and a 52 week high of $130.95. The firm’s 50 day moving average price is $128.73 and its 200-day moving average price is $123.89. The company has a market cap of $80.44 billion, a PE ratio of 23.050 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, hitting analysts’ consensus estimates of $1.52. The firm had revenue of $8.87 billion for the quarter, compared to analyst estimates of $8.82 billion. Accenture PLC had a net margin of 9.92% and a return on equity of 43.96%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.41 EPS. On average, analysts predict that Accenture PLC will post $5.90 earnings per share for the current year.

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A number of research analysts have commented on the company. Berenberg Bank set a $140.00 price target on Accenture PLC and gave the stock a “buy” rating in a research note on Saturday, June 24th. Cowen and Company reaffirmed a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a research report on Friday, July 28th. BidaskClub lowered Accenture PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a research report on Monday, May 29th. Finally, SunTrust Banks, Inc. lowered Accenture PLC from a “buy” rating to a “hold” rating and upped their price objective for the stock from $122.15 to $130.00 in a research report on Wednesday, May 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Accenture PLC currently has an average rating of “Buy” and a consensus price target of $131.17.

In other news, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction dated 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 owns 119,013 shares of the company’s stock, valued at approximately $15,383,620.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Julie Spellman Sweet sold 1,974 shares of the business’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 completion of the sale, the insider now directly 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. Insiders sold a total of 79,817 shares of company stock valued at $9,920,929 in the last three months. 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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