Gould Asset Management LLC CA Continues to Hold Stake in Accenture PLC (ACN)

Gould Asset Management LLC CA maintained its stake in shares of Accenture PLC (NYSE:ACN) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,675 shares of the information technology services provider’s stock at the close of the second quarter. Gould Asset Management LLC CA’s holdings in Accenture PLC were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Ropes Wealth Advisors LLC increased its position in shares of Accenture PLC by 0.5% in the first quarter. Ropes Wealth Advisors LLC now owns 1,412 shares of the information technology services provider’s stock worth $169,000 after acquiring an additional 7 shares in the last quarter. Blue Fin Capital Inc. increased its position in shares of Accenture PLC by 0.3% in the first quarter. Blue Fin Capital Inc. now owns 4,400 shares of the information technology services provider’s stock worth $527,000 after acquiring an additional 12 shares in the last quarter. Glenview Trust Co increased its position in shares of Accenture PLC by 0.3% in the first quarter. Glenview Trust Co now owns 4,935 shares of the information technology services provider’s stock worth $591,000 after acquiring an additional 15 shares in the last quarter. Parkside Financial Bank & Trust increased its position in shares of 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 worth $117,000 after acquiring an additional 19 shares in the last quarter. Finally, Klingenstein Fields & Co. LLC increased its position in shares of Accenture PLC by 0.9% in the first quarter. Klingenstein Fields & Co. LLC now owns 2,775 shares of the information technology services provider’s stock worth $333,000 after acquiring an additional 25 shares in the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

ACN has been the subject of several recent research reports. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Monday, August 28th. Cowen and Company upped their target price on shares of Accenture PLC from $131.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, June 28th. Stifel Nicolaus upped their target price on shares of Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. SunTrust Banks, Inc. downgraded shares of Accenture PLC from a “buy” rating to a “hold” rating and upped their target price for the company from $122.15 to $130.00 in a research note on Wednesday, May 24th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $135.00 target price on shares of Accenture PLC in a research note on Monday, May 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Accenture PLC currently has an average rating of “Buy” and an average target price of $132.59.

In other news, insider Gianfranco Casati sold 6,836 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $122.97, for a total value of $840,622.92. Following the sale, the insider now owns 61,714 shares in the company, valued at approximately $7,588,970.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Johan Deblaere sold 5,000 shares of the business’s stock in a transaction on Monday, June 26th. The shares were sold at an average price of $122.99, for a total transaction of $614,950.00. Following the completion of the sale, the chief operating officer now owns 126,417 shares in the company, valued at approximately $15,548,026.83. The disclosure for this sale can be found here. Insiders sold a total of 79,817 shares of company stock worth $9,920,929 in the last 90 days. 0.21% of the stock is owned by corporate insiders.

Shares of Accenture PLC (NYSE:ACN) opened at 135.35 on Monday. Accenture PLC has a 12-month low of $109.12 and a 12-month high of $136.95. The company has a 50 day moving average of $130.42 and a 200-day moving average of $124.76. The firm has a market cap of $83.64 billion, a PE ratio of 23.97 and a beta of 1.11.

Accenture PLC (NYSE:ACN) last issued its earnings results 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 net margin of 9.92% and a return on equity of 43.96%. The company had revenue of $8.87 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the previous year, the company earned $1.41 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts forecast that Accenture PLC will post $5.90 EPS for the current fiscal year.

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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.

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

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