Martingale Asset Management L P Buys 40,001 Shares of Accenture PLC (ACN)

Martingale Asset Management L P increased its stake in Accenture PLC (NYSE:ACN) by 12.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 361,532 shares of the information technology services provider’s stock after acquiring an additional 40,001 shares during the period. Accenture PLC comprises about 0.6% of Martingale Asset Management L P’s holdings, making the stock its 21st largest holding. Martingale Asset Management L P owned approximately 0.06% of Accenture PLC worth $44,715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Polen Capital Management LLC lifted its stake in shares of Accenture PLC by 7.6% in the 2nd quarter. Polen Capital Management LLC now owns 4,748,751 shares of the information technology services provider’s stock valued at $587,326,000 after acquiring an additional 334,899 shares during the last quarter. Aberdeen Asset Management PLC UK lifted its stake in shares of Accenture PLC by 3.7% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 238,115 shares of the information technology services provider’s stock valued at $29,450,000 after acquiring an additional 8,459 shares during the last quarter. HPM Partners LLC lifted its stake in shares of Accenture PLC by 9.1% in the 2nd quarter. HPM Partners LLC now owns 41,742 shares of the information technology services provider’s stock valued at $5,163,000 after acquiring an additional 3,475 shares during the last quarter. AXA lifted its stake in shares of Accenture PLC by 16.9% in the 2nd quarter. AXA now owns 499,926 shares of the information technology services provider’s stock valued at $61,831,000 after acquiring an additional 72,259 shares during the last quarter. Finally, South Dakota Investment Council lifted its stake in shares of Accenture PLC by 32.5% in the 2nd quarter. South Dakota Investment Council now owns 22,400 shares of the information technology services provider’s stock valued at $2,770,000 after acquiring an additional 5,500 shares during the last quarter. 77.73% of the stock is owned by institutional investors.

Accenture PLC (NYSE ACN) opened at 136.25 on Monday. Accenture PLC has a 52-week low of $112.31 and a 52-week high of $138.70. The firm’s 50-day moving average price is $133.54 and its 200-day moving average price is $126.10. The company has a market cap of $84.14 billion, a price-to-earnings ratio of 25.04 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.31 earnings per share. On average, equities analysts anticipate that Accenture PLC will post $6.56 EPS for the current year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be paid a $1.33 dividend. This represents a yield of 1.97%. The ex-dividend date is Wednesday, October 18th. Accenture PLC’s payout ratio is currently 44.49%.

In other news, insider Ellyn Shook sold 4,400 shares of Accenture PLC stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $125.00, for a total transaction of $550,000.00. Following the completion of the sale, the insider now owns 37,344 shares of the company’s stock, valued at $4,668,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Julie Spellman Sweet sold 1,974 shares of Accenture PLC stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $128.68, for a total transaction of $254,014.32. Following the sale, the insider now directly owns 14,082 shares of the company’s stock, valued at approximately $1,812,071.76. The disclosure for this sale can be found here. In the last three months, insiders sold 70,073 shares of company stock valued at $9,317,545. 0.21% of the stock is owned by insiders.

A number of research firms have recently weighed in on ACN. BMO Capital Markets reissued a “hold” rating and issued a $130.00 target price (up previously from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Monday, August 28th. Wells Fargo & Company reissued an “outperform” rating and issued a $138.00 target price (up previously from $131.50) on shares of Accenture PLC in a research note on Friday, June 16th. Berenberg Bank reissued a “buy” rating and issued a $160.00 target price on shares of Accenture PLC in a research note on Thursday, September 21st. Finally, SunTrust Banks, Inc. set a $130.00 target price on Accenture PLC and gave the company a “hold” rating in a research note on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $141.84.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Polen Capital Management LLC lifted its stake in shares of Accenture PLC by 7.6% in the 2nd quarter. Polen Capital Management LLC now owns 4,748,751 shares of the information technology services provider’s stock valued at $587,326,000 after acquiring an additional 334,899 shares during the last quarter. Aberdeen Asset Management PLC UK lifted its stake in shares of Accenture PLC by 3.7% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 238,115 shares of the information technology services provider’s stock valued at $29,450,000 after acquiring an additional 8,459 shares during the last quarter. HPM Partners LLC lifted its stake in shares of Accenture PLC by 9.1% in the 2nd quarter. HPM Partners LLC now owns 41,742 shares of the information technology services provider’s stock valued at $5,163,000 after acquiring an additional 3,475 shares during the last quarter. AXA lifted its stake in shares of Accenture PLC by 16.9% in the 2nd quarter. AXA now owns 499,926 shares of the information technology services provider’s stock valued at $61,831,000 after acquiring an additional 72,259 shares during the last quarter. Finally, South Dakota Investment Council lifted its stake in shares of Accenture PLC by 32.5% in the 2nd quarter. South Dakota Investment Council now owns 22,400 shares of the information technology services provider’s stock valued at $2,770,000 after acquiring an additional 5,500 shares during the last quarter. 77.73% of the stock is owned by institutional investors.

Accenture PLC (NYSE ACN) opened at 136.25 on Monday. Accenture PLC has a 52-week low of $112.31 and a 52-week high of $138.70. The firm’s 50-day moving average price is $133.54 and its 200-day moving average price is $126.10. The company has a market cap of $84.14 billion, a price-to-earnings ratio of 25.04 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.31 earnings per share. On average, equities analysts anticipate that Accenture PLC will post $6.56 EPS for the current year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be paid a $1.33 dividend. This represents a yield of 1.97%. The ex-dividend date is Wednesday, October 18th. Accenture PLC’s payout ratio is currently 44.49%.

In other news, insider Ellyn Shook sold 4,400 shares of Accenture PLC stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $125.00, for a total transaction of $550,000.00. Following the completion of the sale, the insider now owns 37,344 shares of the company’s stock, valued at $4,668,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Julie Spellman Sweet sold 1,974 shares of Accenture PLC stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $128.68, for a total transaction of $254,014.32. Following the sale, the insider now directly owns 14,082 shares of the company’s stock, valued at approximately $1,812,071.76. The disclosure for this sale can be found here. In the last three months, insiders sold 70,073 shares of company stock valued at $9,317,545. 0.21% of the stock is owned by insiders.

A number of research firms have recently weighed in on ACN. BMO Capital Markets reissued a “hold” rating and issued a $130.00 target price (up previously from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Monday, August 28th. Wells Fargo & Company reissued an “outperform” rating and issued a $138.00 target price (up previously from $131.50) on shares of Accenture PLC in a research note on Friday, June 16th. Berenberg Bank reissued a “buy” rating and issued a $160.00 target price on shares of Accenture PLC in a research note on Thursday, September 21st. Finally, SunTrust Banks, Inc. set a $130.00 target price on Accenture PLC and gave the company a “hold” rating in a research note on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $141.84.

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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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Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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