Todays Report: Today, CHICAGO TRUST Co NA Reached $1,744,000 position of Accenture Plc (ACN)

Today, CHICAGO TRUST Co NA Reached $1,744,000 position  of Accenture Plc (ACN)

CHICAGO TRUST Co NA cut its stake in shares of Accenture Plc (NYSE:ACN) by 44.6% during the third quarter, Holdings Channel reports. The fund owned 14,276 shares of the company’s stock after selling 11,484 shares during the period. CHICAGO TRUST Co NA’s holdings in Accenture Plc were worth $1,744,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cribstone Capital Management LLC bought a new stake in Accenture Plc during the second quarter valued at $104,000. Exane Derivatives boosted its stake in Accenture Plc by 92.0% in the second quarter. Exane Derivatives now owns 954 shares of the company’s stock valued at $108,000 after buying an additional 457 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in Accenture Plc by 1,091.0% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,060 shares of the company’s stock valued at $120,000 after buying an additional 971 shares during the period. Tanaka Capital Management Inc. boosted its stake in Accenture Plc by 314.8% in the second quarter. Tanaka Capital Management Inc. now owns 1,120 shares of the company’s stock valued at $127,000 after buying an additional 850 shares during the period. Finally, City Holding Co. boosted its stake in Accenture Plc by 8.4% in the second quarter. City Holding Co. now owns 1,221 shares of the company’s stock valued at $138,000 after buying an additional 95 shares during the period. 76.84% of the stock is owned by hedge funds and other institutional investors.

Shares of Accenture Plc (NYSE:ACN) traded up 0.02% on Monday, hitting $120.76. 2,075,644 shares of the stock traded hands. The stock has a market cap of $74.91 billion, a P/E 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. The stock’s 50 day moving average price is $117.67 and its 200 day moving average price is $115.81.

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

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

In related news, CEO Pierre Nanterme sold 44,625 shares of Accenture Plc stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $118.04, for a total transaction of $5,267,535.00. Following the completion of the sale, the chief executive officer now owns 162,615 shares in the company, valued at approximately $19,195,074.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gianfranco Casati sold 18,732 shares of Accenture Plc stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $116.18, for a total transaction of $2,176,283.76. Following the sale, the insider now owns 61,260 shares of the company’s stock, valued at approximately $7,117,186.80. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Accenture Plc Company 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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