Peoples Bank OH Purchases New Position in Accenture Plc (NYSE:ACN)

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Peoples Bank OH purchased a new stake in Accenture Plc (NYSE:ACN) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,191 shares of the information technology services provider’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mitchell Capital Management Co. grew its stake in shares of Accenture by 1.4% during the first quarter. Mitchell Capital Management Co. now owns 4,140 shares of the information technology services provider’s stock valued at $729,000 after acquiring an additional 56 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Accenture by 1.6% during the second quarter. Private Trust Co. NA now owns 3,642 shares of the information technology services provider’s stock valued at $672,000 after acquiring an additional 57 shares in the last quarter. Modera Wealth Management LLC grew its stake in shares of Accenture by 1.5% during the second quarter. Modera Wealth Management LLC now owns 3,891 shares of the information technology services provider’s stock valued at $719,000 after acquiring an additional 57 shares in the last quarter. Enterprise Bank & Trust Co grew its stake in shares of Accenture by 0.7% during the second quarter. Enterprise Bank & Trust Co now owns 9,780 shares of the information technology services provider’s stock valued at $1,807,000 after acquiring an additional 65 shares in the last quarter. Finally, Tarbox Family Office Inc. grew its stake in shares of Accenture by 34.6% during the second quarter. Tarbox Family Office Inc. now owns 253 shares of the information technology services provider’s stock valued at $47,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 69.77% of the company’s stock.

Shares of ACN stock traded up $1.29 during trading hours on Tuesday, hitting $196.76. 68,865 shares of the company were exchanged, compared to its average volume of 1,831,590. Accenture Plc has a one year low of $132.63 and a one year high of $197.93. The business’s 50-day simple moving average is $193.44 and its two-hundred day simple moving average is $179.12. The stock has a market capitalization of $129.56 billion, a price-to-earnings ratio of 29.10, a P/E/G ratio of 2.55 and a beta of 1.04.

Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, June 27th. The information technology services provider reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. Accenture had a net margin of 10.93% and a return on equity of 36.24%. The business had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $11.03 billion. During the same quarter last year, the company posted $1.79 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts expect that Accenture Plc will post 7.33 EPS for the current fiscal year.

In other Accenture news, insider Daniel T. London sold 2,283 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $188.03, for a total value of $429,272.49. Following the transaction, the insider now owns 27,294 shares of the company’s stock, valued at $5,132,090.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Chad T. Jerdee sold 3,247 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $186.34, for a total transaction of $605,045.98. Following the completion of the transaction, the general counsel now directly owns 13,271 shares in the company, valued at approximately $2,472,918.14. The disclosure for this sale can be found here. Insiders sold 22,760 shares of company stock worth $4,353,328 in the last three months. 0.18% of the stock is currently owned by corporate insiders.

Several analysts have recently weighed in on ACN shares. UBS Group set a $190.00 target price on Accenture and gave the company a “hold” rating in a research note on Friday, June 28th. Credit Suisse Group set a $180.00 target price on Accenture and gave the company a “hold” rating in a research note on Friday, June 28th. BMO Capital Markets raised their target price on Accenture from $185.00 to $195.00 and gave the company a “positive” rating in a research note on Friday, June 28th. Argus raised their target price on Accenture to $220.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, Wells Fargo & Co increased their price target on shares of Accenture from $193.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. Accenture presently has a consensus rating of “Buy” and an average target price of $192.38.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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