US Bancorp DE reduced its position in shares of Accenture PLC (NYSE:ACN) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,275,194 shares of the company’s stock after selling 17,300 shares during the period. US Bancorp DE’s holdings in Accenture PLC were worth $155,791,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Rehmann Capital Advisory Group raised its position in shares of Accenture PLC by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 4,684 shares of the company’s stock valued at $531,000 after buying an additional 12 shares during the last quarter. Ledyard National Bank raised its position in shares of Accenture PLC by 0.7% in the third quarter. Ledyard National Bank now owns 2,089 shares of the company’s stock valued at $255,000 after buying an additional 15 shares during the last quarter. Meristem LLP raised its position in shares of Accenture PLC by 0.9% in the third quarter. Meristem LLP now owns 2,085 shares of the company’s stock valued at $255,000 after buying an additional 18 shares during the last quarter. FineMark National Bank & Trust raised its position in shares of Accenture PLC by 0.4% in the second quarter. FineMark National Bank & Trust now owns 5,155 shares of the company’s stock valued at $584,000 after buying an additional 22 shares during the last quarter. Finally, Peoples Financial Services CORP. raised its position in shares of Accenture PLC by 1.3% in the third quarter. Peoples Financial Services CORP. now owns 1,823 shares of the company’s stock valued at $223,000 after buying an additional 23 shares during the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

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

Shares of Accenture PLC (NYSE:ACN) opened at 119.43 on Thursday. The company’s 50-day moving average is $117.67 and its 200 day moving average is $115.81. The firm has a market cap of $74.08 billion, a price-to-earnings ratio of 18.52 and a beta of 1.22. Accenture PLC has a 1-year low of $91.40 and a 1-year high of $124.96.

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

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Several research analysts recently weighed in on the company. Vetr lowered Accenture PLC from a “strong-buy” rating to a “buy” rating and set a $130.00 price objective for the company. in a research report on Tuesday, November 1st. Berenberg Bank assumed coverage on Accenture PLC in a research report on Thursday, October 13th. They issued a “buy” rating and a $140.00 price objective for the company. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Tuesday, October 4th. Pacific Crest upped their price target on Accenture PLC from $129.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, October 3rd. Finally, Jefferies Group upped their price target on Accenture PLC from $111.00 to $120.00 and gave the stock a “hold” rating in a research note on Monday, October 3rd. Ten equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $126.15.

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

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.

5 Day Chart for NYSE:ACN

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