WASHINGTON TRUST Co increased its stake in Accenture PLC (NYSE:ACN) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,088 shares of the company’s stock after buying an additional 4,560 shares during the period. WASHINGTON TRUST Co’s holdings in Accenture PLC were worth $9,906,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its position in shares of Accenture PLC by 39.4% in the second quarter. FMR LLC now owns 12,730,924 shares of the company’s stock valued at $1,442,286,000 after buying an additional 3,595,128 shares during the period. WCM Investment Management CA acquired a new stake in Accenture PLC during the second quarter valued at about $223,849,000. Emerald Acquisition Ltd. acquired a new stake in Accenture PLC during the second quarter valued at about $175,381,000. Janus Capital Management LLC raised its stake in Accenture PLC by 59.8% in the second quarter. Janus Capital Management LLC now owns 3,670,692 shares of the company’s stock valued at $415,853,000 after buying an additional 1,373,714 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in Accenture PLC during the second quarter valued at about $116,516,000. Institutional investors own 77.94% of the company’s stock.
Accenture PLC (NYSE:ACN) traded up 0.77% during mid-day trading on Friday, hitting $120.74. 783,672 shares of the stock were exchanged. The stock’s 50 day moving average is $117.49 and its 200 day moving average is $115.75. Accenture PLC has a 52-week low of $91.40 and a 52-week high of $124.96. The stock has a market cap of $74.90 billion, a PE ratio of 18.72 and a beta of 1.22.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 29th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.01. The firm 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 quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $1.15 earnings per share. Analysts forecast that Accenture PLC will post $5.93 EPS for the current fiscal year.
ACN has been the subject of several analyst reports. BMO Capital Markets restated a “hold” rating and set a $118.00 price target on shares of Accenture PLC in a research report on Sunday, August 7th. Cantor Fitzgerald restated a “buy” rating and set a $132.00 price target on shares of Accenture PLC in a research report on Wednesday, September 7th. Wedbush initiated coverage on shares of Accenture PLC in a research report on Thursday, September 8th. They set an “outperform” rating and a $125.00 price target for the company. Zacks Investment Research lowered shares of Accenture PLC from a “hold” rating to a “sell” rating in a research report on Wednesday, September 14th. Finally, Robert W. Baird restated a “neutral” rating and set a $125.00 price target on shares of Accenture PLC in a research report on Friday, September 16th. Ten research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $126.15.
In other news, CEO Pierre Nanterme sold 44,625 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 162,615 shares in the company, valued at $19,195,074.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gianfranco Casati sold 5,000 shares of the stock in a transaction dated 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 owns 62,160 shares of the company’s stock, valued at $7,539,386.40. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.
Accenture PLC Company Profile