Accenture PLC (ACN) Shares Sold by Trust Co. of Oklahoma
Trust Co. of Oklahoma reduced its stake in Accenture PLC (NYSE:ACN) by 6.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,679 shares of the information technology services provider’s stock after selling 1,816 shares during the period. Accenture PLC comprises approximately 1.7% of Trust Co. of Oklahoma’s portfolio, making the stock its 12th largest position. Trust Co. of Oklahoma’s holdings in Accenture PLC were worth $3,300,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of ACN. Coconut Grove Bank boosted its position in Accenture PLC by 75.7% in the first quarter. Coconut Grove Bank now owns 845 shares of the information technology services provider’s stock valued at $101,000 after buying an additional 364 shares in the last quarter. Bellwether Investment Group LLC boosted its position in 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 valued at $110,000 after buying an additional 359 shares in the last quarter. 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 valued at $117,000 after buying an additional 19 shares in the last quarter. Opera Trading Capital acquired a new position in Accenture PLC during the first quarter valued at $119,000. Finally, Harbour Capital Advisors LLC acquired a new position in Accenture PLC during the first quarter valued at $122,000. 77.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of Accenture PLC (NYSE ACN) traded down 0.50% during trading on Friday, reaching $130.10. The company’s stock had a trading volume of 1,528,282 shares. The company has a 50 day moving average of $128.85 and a 200 day moving average of $123.97. Accenture PLC has a 12-month low of $108.83 and a 12-month high of $130.95. The company has a market cap of $80.40 billion, a PE ratio of 23.04 and a beta of 1.11.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, June 22nd. The information technology services provider reported $1.52 EPS for the quarter, meeting 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 business had revenue of $8.87 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the previous year, the business earned $1.41 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. On average, analysts anticipate that Accenture PLC will post $5.90 EPS for the current fiscal year.
Several research analysts have weighed in on the company. Zacks Investment Research cut Accenture PLC from a “buy” rating to a “hold” rating in a research report on Wednesday. Berenberg Bank set a $140.00 price objective on Accenture PLC and gave the stock a “buy” rating in a research report on Saturday, June 24th. Cowen and Company reaffirmed a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a research report on Friday, July 28th. BidaskClub cut Accenture PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $138.00 price target (up previously 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 given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $131.17.
In other news, insider Gianfranco Casati sold 6,836 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $122.97, for a total value of $840,622.92. Following the transaction, the insider now directly owns 61,714 shares in the company, valued at $7,588,970.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Pierre Nanterme sold 40,134 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $123.02, for a total value of $4,937,284.68. Following the completion of the transaction, the chief executive officer now owns 222,362 shares in the company, valued at $27,354,973.24. The disclosure for this sale can be found here. Insiders sold 79,817 shares of company stock worth $9,920,929 over the last 90 days. Company insiders own 0.21% of the company’s stock.
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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