Orrstown Financial Services Inc. increased its position in shares of Accenture PLC (NYSE:ACN) by 0.9% during the third quarter, Holdings Channel reports. The institutional investor owned 10,214 shares of the company’s stock after buying an additional 96 shares during the period. Accenture PLC accounts for 1.3% of Orrstown Financial Services Inc.’s investment portfolio, making the stock its 23rd largest position. Orrstown Financial Services Inc.’s holdings in Accenture PLC were worth $1,248,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its position in shares of Accenture PLC by 19.7% in the third quarter. Nisa Investment Advisors LLC now owns 166,975 shares of the company’s stock worth $20,399,000 after buying an additional 27,470 shares in the last quarter. Capstone Asset Management Co. increased its position in shares of Accenture PLC by 3.7% in the third quarter. Capstone Asset Management Co. now owns 69,750 shares of the company’s stock valued at $8,521,000 after buying an additional 2,500 shares during the period. Atria Investments LLC increased its position in shares of Accenture PLC by 5.7% in the third quarter. Atria Investments LLC now owns 17,982 shares of the company’s stock valued at $2,197,000 after buying an additional 974 shares during the period. Weaver C. Barksdale & Associates Inc. increased its position in shares of Accenture PLC by 6.2% in the third quarter. Weaver C. Barksdale & Associates Inc. now owns 7,161 shares of the company’s stock valued at $875,000 after buying an additional 416 shares during the period. Finally, Creative Planning increased its position in shares of Accenture PLC by 92.9% in the third quarter. Creative Planning now owns 41,160 shares of the company’s stock valued at $5,029,000 after buying an additional 19,819 shares during the period. Institutional investors and hedge funds own 76.84% of the company’s stock.

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

Accenture PLC (NYSE:ACN) traded up 0.15% during midday trading on Tuesday, hitting $120.94. The stock had a trading volume of 1,484,017 shares. The firm has a market cap of $75.02 billion, a P/E ratio of 18.75 and a beta of 1.22. Accenture PLC has a 12-month low of $91.40 and a 12-month high of $124.96. The stock has a 50-day moving average price of $117.67 and a 200 day moving average price of $115.81.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 29th. The company reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.01. The firm earned $8.49 billion during the quarter. Accenture PLC had a net margin of 12.00% and a return on equity of 47.07%. Accenture PLC’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.15 EPS. On average, equities analysts anticipate that Accenture PLC will post $5.93 earnings per share for the current fiscal year.

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Several research analysts recently weighed in on ACN shares. Cantor Fitzgerald boosted their target price on Accenture PLC from $132.00 to $139.00 and gave the stock a “buy” rating in a research note on Monday, October 3rd. BMO Capital Markets restated a “hold” rating and set a $118.00 target price on shares of Accenture PLC in a research note on Sunday, August 7th. Wedbush started coverage on Accenture PLC in a research note on Thursday, September 8th. They set an “outperform” rating and a $125.00 target price on the stock. Vetr upgraded Accenture PLC from a “buy” rating to a “strong-buy” rating and set a $130.00 target price on the stock in a research note on Thursday, October 20th. Finally, restated an “outperform” rating and set a $135.00 target price (up from $126.00) on shares of Accenture PLC in a research note on Friday, September 30th. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Accenture PLC presently has an average rating of “Buy” and an average target price of $126.15.

In other news, insider Gianfranco Casati sold 5,000 shares of Accenture PLC stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $121.29, for a total transaction of $606,450.00. Following the completion of the sale, the insider now directly owns 62,160 shares in the company, valued at approximately $7,539,386.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Richard Lumb sold 2,500 shares of Accenture PLC stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $116.56, for a total transaction of $291,400.00. Following the sale, the insider now owns 122,248 shares of the company’s stock, valued at $14,249,226.88. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by corporate insiders.

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.

5 Day Chart for NYSE:ACN

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