St. Johns Investment Management Company LLC Purchases 453 Shares of Accenture Plc (NYSE:ACN)

St. Johns Investment Management Company LLC grew its position in shares of Accenture Plc (NYSE:ACN) by 5.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,103 shares of the information technology services provider’s stock after purchasing an additional 453 shares during the quarter. Accenture comprises approximately 1.1% of St. Johns Investment Management Company LLC’s investment portfolio, making the stock its 25th largest position. St. Johns Investment Management Company LLC’s holdings in Accenture were worth $1,497,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Private Trust Co. NA grew its position in shares of Accenture by 1.6% during the 2nd quarter. Private Trust Co. NA now owns 3,642 shares of the information technology services provider’s stock worth $672,000 after buying an additional 57 shares during the period. Monetary Management Group Inc. grew its position in shares of Accenture by 543.3% during the 1st quarter. Monetary Management Group Inc. now owns 9,650 shares of the information technology services provider’s stock worth $1,699,000 after buying an additional 8,150 shares during the period. Sandy Spring Bank grew its position in shares of Accenture by 17.7% during the 1st quarter. Sandy Spring Bank now owns 34,986 shares of the information technology services provider’s stock worth $6,158,000 after buying an additional 5,253 shares during the period. YHB Investment Advisors Inc. acquired a new stake in shares of Accenture during the 2nd quarter worth approximately $204,000. Finally, Wendell David Associates Inc. grew its position in shares of Accenture by 0.9% during the 1st quarter. Wendell David Associates Inc. now owns 37,354 shares of the information technology services provider’s stock worth $6,575,000 after buying an additional 350 shares during the period. Hedge funds and other institutional investors own 69.42% of the company’s stock.

NYSE ACN traded down $1.15 during mid-day trading on Friday, hitting $193.01. The company’s stock had a trading volume of 1,833,142 shares, compared to its average volume of 1,449,299. The firm’s 50 day moving average price is $190.60. Accenture Plc has a twelve month low of $132.63 and a twelve month high of $197.47. The stock has a market capitalization of $129.41 billion, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 2.54 and a beta of 1.04.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, June 27th. The information technology services provider reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.04. Accenture had a net margin of 10.93% and a return on equity of 36.24%. The business had revenue of $11.10 billion during the quarter, compared to the consensus estimate of $11.03 billion. During the same quarter last year, the firm posted $1.79 EPS. Accenture’s revenue was up 3.8% compared to the same quarter last year. Equities research analysts predict that Accenture Plc will post 7.33 EPS for the current year.

In related news, insider Richard Lumb sold 2,000 shares of Accenture stock in a transaction on Monday, July 1st. The shares were sold at an average price of $186.35, for a total value of $372,700.00. Following the completion of the sale, the insider now owns 77,240 shares of the company’s stock, valued at approximately $14,393,674. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Chad T. Jerdee sold 3,247 shares of Accenture stock in a transaction on Monday, July 1st. The shares were sold at an average price of $186.34, for a total transaction of $605,045.98. Following the completion of the sale, the general counsel now directly owns 13,271 shares of the company’s stock, valued at approximately $2,472,918.14. The disclosure for this sale can be found here. In the last three months, insiders sold 36,147 shares of company stock valued at $6,597,288. 0.18% of the stock is currently owned by insiders.

Several brokerages have recently commented on ACN. Deutsche Bank raised their price objective on shares of Accenture from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Citigroup raised their price objective on shares of Accenture from $194.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. BMO Capital Markets raised their price objective on shares of Accenture from $185.00 to $195.00 and gave the stock a “positive” rating in a research report on Friday, June 28th. UBS Group set a $190.00 price objective on shares of Accenture and gave the stock a “hold” rating in a research report on Friday, June 28th. Finally, Bank of America raised their price objective on shares of Accenture from $182.00 to $186.00 and gave the stock a “neutral” rating in a research report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $192.38.

Accenture Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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