Today, Nisa Investment Advisors LLC invests in Accenture Plc (ACN) Shares

Today, Nisa Investment Advisors LLC invests in Accenture Plc (ACN) Shares

Nisa Investment Advisors LLC increased its position in Accenture Plc (NYSE:ACN) by 19.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 166,975 shares of the company’s stock after buying an additional 27,470 shares during the period. Nisa Investment Advisors LLC’s holdings in Accenture Plc were worth $20,399,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ACN. First Financial Bank N.A. Trust Division boosted its position in Accenture Plc by 0.3% in the second quarter. First Financial Bank N.A. Trust Division now owns 40,975 shares of the company’s stock worth $4,642,000 after buying an additional 124 shares during the period. Stock Yards Bank & Trust Co. boosted its position in Accenture Plc by 1.1% in the second quarter. Stock Yards Bank & Trust Co. now owns 54,276 shares of the company’s stock worth $6,149,000 after buying an additional 573 shares during the period. CHICAGO TRUST Co NA boosted its position in Accenture Plc by 37.2% in the second quarter. CHICAGO TRUST Co NA now owns 25,760 shares of the company’s stock worth $2,918,000 after buying an additional 6,978 shares during the period. Exxonmobil Investment Management Inc. TX boosted its position in Accenture Plc by 5.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 161,468 shares of the company’s stock worth $18,293,000 after buying an additional 8,586 shares during the period. Finally, Bank of Stockton boosted its position in Accenture Plc by 0.9% in the second quarter. Bank of Stockton now owns 14,045 shares of the company’s stock worth $1,591,000 after buying an additional 120 shares during the period. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of Accenture Plc (NYSE:ACN) traded up 0.46% during trading on Monday, reaching $121.30. The company had a trading volume of 1,051,245 shares. The stock has a 50 day moving average price of $117.53 and a 200 day moving average price of $115.78. Accenture Plc has a 12 month low of $91.40 and a 12 month high of $124.96. The firm has a market capitalization of $75.24 billion, a PE ratio of 18.81 and a beta of 1.22.

Accenture Plc (NYSE:ACN) last posted its earnings results on Thursday, September 29th. The company reported $1.31 earnings per share for the quarter, topping 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 firm earned $8.49 billion during the quarter. During the same quarter last year, the firm posted $1.15 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts forecast that Accenture Plc will post $5.93 EPS for the current year.

ACN has been the topic of several recent research reports. BMO Capital Markets reiterated a “hold” rating and issued a $118.00 price objective on shares of Accenture Plc in a research report on Sunday, August 7th. Cantor Fitzgerald reiterated a “buy” rating and issued a $132.00 price objective 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 issued an “outperform” rating and a $125.00 price objective on the stock. 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 reiterated a “neutral” rating and issued a $125.00 price objective on shares of Accenture Plc in a research report on Friday, September 16th. Ten analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $126.15.

In related news, insider Gianfranco Casati sold 18,732 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $116.18, for a total value of $2,176,283.76. Following the completion of the sale, the insider now directly owns 61,260 shares in the company, valued at approximately $7,117,186.80. The transaction was disclosed in a filing with the SEC, which can be accessed 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 stock was 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 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.

About Accenture Plc

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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