Todays Report: Today, Commerce Bank decides to keep it stake in Accenture PLC (ACN) to the level of $3,936,000

Today, Commerce Bank decides to keep it stake in Accenture PLC (ACN) to the level of $3,936,000

Commerce Bank increased its position in shares of Accenture PLC (NYSE:ACN) by 5.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,217 shares of the company’s stock after buying an additional 1,692 shares during the period. Commerce Bank’s holdings in Accenture PLC were worth $3,936,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in 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 worth $531,000 after buying an additional 12 shares in 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 worth $255,000 after buying an additional 15 shares in 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 worth $255,000 after buying an additional 18 shares in 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 worth $584,000 after buying an additional 22 shares in 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 worth $223,000 after buying an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 77.94% of the company’s stock.

Shares of Accenture PLC (NYSE:ACN) traded up 0.77% during trading on Friday, reaching $120.74. The company’s stock had a trading volume of 783,672 shares. The stock’s 50 day moving average price is $117.49 and its 200 day moving average price is $115.75. The company has a market cap of $74.90 billion, a PE ratio of 18.72 and a beta of 1.22. Accenture PLC has a 52 week low of $91.40 and a 52 week high of $124.96.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 29th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.01. Accenture PLC had a return on equity of 47.07% and a net margin of 12.00%. The business earned $8.49 billion during the quarter. During the same quarter in the prior year, the firm posted $1.15 earnings per share. Accenture PLC’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts predict that Accenture PLC will post $5.93 EPS for the current year.

A number of equities analysts recently issued reports on the stock. Morgan Stanley reiterated a “hold” rating and issued a $120.00 target price on shares of Accenture PLC in a research report on Wednesday, September 21st. Credit Suisse Group AG set a $124.00 price objective on shares of Accenture PLC and gave the company a “hold” rating in a research report on Saturday, October 1st. Jefferies Group raised their price objective on shares of Accenture PLC from $111.00 to $120.00 and gave the company a “hold” rating in a research report on Monday, October 3rd. BMO Capital Markets restated a “hold” rating and set a $118.00 price objective on shares of Accenture PLC in a research report on Sunday, August 7th. Finally, Vetr lowered shares of 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. Ten equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $126.15.

In related news, insider Gianfranco Casati sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $121.29, for a total value of $606,450.00. Following the completion of the transaction, the insider now directly owns 62,160 shares in the company, valued at approximately $7,539,386.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Pierre Nanterme sold 44,625 shares of the business’s stock in a transaction that occurred on Wednesday, October 5th. The shares were sold at an average price of $118.04, for a total value of $5,267,535.00. Following the completion of the transaction, the chief executive officer now owns 162,615 shares of the company’s stock, valued at $19,195,074.60. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

Accenture PLC Company Profile

Accenture plc is engaged in providing management consulting, technology and outsourcing services. The Company’s business is structured around five operating groups, which together consists of 19 industry groups serving clients in industries globally. The Company’s segment includes Communications, Media & Technology, Financial Services, Health & Public Service, Products and Resources.

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