Modera Wealth Management LLC lessened its stake in shares of Accenture PLC (NYSE:ACN) by 17.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,394 shares of the information technology services provider’s stock after selling 1,159 shares during the quarter. Modera Wealth Management LLC’s holdings in Accenture PLC were worth $667,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bellwether Investment Group LLC lifted its stake in shares of Accenture PLC by 64.2% during the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after purchasing an additional 359 shares in the last quarter. Manchester Capital Management LLC increased its position in shares of Accenture PLC by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after acquiring an additional 60 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Accenture PLC by 2.0% during the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock worth $117,000 after acquiring an additional 19 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Accenture PLC during the first quarter worth about $122,000. Finally, Farmers & Merchants Investments Inc. increased its position in shares of Accenture PLC by 28.9% during the second quarter. Farmers & Merchants Investments Inc. now owns 1,115 shares of the information technology services provider’s stock worth $138,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 77.73% of the company’s stock.

ACN has been the topic of a number of analyst reports. Robert W. Baird reaffirmed 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. Wells Fargo & Company reaffirmed an “outperform” rating and set a $138.00 target price (up from $131.50) on shares of Accenture PLC in a research report on Friday, June 16th. Morgan Stanley set a $132.00 target price on Accenture PLC and gave the stock a “hold” rating in a research report on Friday, June 16th. BMO Capital Markets reaffirmed a “hold” rating and set a $130.00 target price (up from $125.00) on shares of Accenture PLC in a research report on Thursday, June 22nd. Finally, Berenberg Bank set a $140.00 target price on Accenture PLC and gave the stock a “buy” rating in a research report on Saturday, June 24th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Accenture PLC currently has a consensus rating of “Buy” and an average price target of $141.84.

In related news, CFO David Rowland sold 3,702 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $135.04, for a total value of $499,918.08. Following the completion of the transaction, the chief financial officer now owns 9,864 shares of the company’s stock, valued at $1,332,034.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ellyn Shook sold 4,400 shares of the stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $125.00, for a total transaction of $550,000.00. Following the completion of the transaction, the insider now directly owns 37,344 shares of the company’s stock, valued at approximately $4,668,000. The disclosure for this sale can be found here. Insiders sold 70,073 shares of company stock valued at $9,317,545 in the last three months. Company insiders own 0.21% of the company’s stock.

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Accenture PLC (NYSE:ACN) opened at 136.25 on Friday. Accenture PLC has a 12-month low of $112.31 and a 12-month high of $138.70. The stock’s 50 day moving average price is $133.54 and its 200 day moving average price is $126.10. The company has a market capitalization of $84.14 billion, a price-to-earnings ratio of 25.04 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The firm had revenue of $9.15 billion during the quarter, compared to analyst estimates of $9.01 billion. During the same quarter in the prior year, the business posted $1.31 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that Accenture PLC will post $6.56 earnings per share for the current fiscal year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be given a $1.33 dividend. This represents a yield of 1.97%. The ex-dividend date is Wednesday, October 18th. Accenture PLC’s dividend payout ratio (DPR) is presently 44.49%.

Accenture PLC 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.

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

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