Teachers Advisors LLC Acquires 55,647 Shares of Accenture PLC (ACN)

Teachers Advisors LLC boosted its holdings in Accenture PLC (NYSE:ACN) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,114,235 shares of the information technology services provider’s stock after acquiring an additional 55,647 shares during the quarter. Teachers Advisors LLC owned 0.18% of Accenture PLC worth $137,809,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACN. BlackRock Inc. lifted its position in shares of Accenture PLC by 2,139.5% during the 1st quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock worth $4,730,821,000 after buying an additional 37,700,871 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Accenture PLC by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock worth $5,679,843,000 after buying an additional 2,749,896 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Accenture PLC by 8.8% during the 1st quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock worth $2,587,385,000 after buying an additional 1,738,262 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Accenture PLC by 38.8% during the 1st quarter. Lazard Asset Management LLC now owns 4,297,555 shares of the information technology services provider’s stock worth $515,189,000 after buying an additional 1,202,048 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of Accenture PLC by 212.6% during the 1st quarter. Schroder Investment Management Group now owns 1,295,260 shares of the information technology services provider’s stock worth $156,105,000 after buying an additional 880,905 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.

In other Accenture PLC news, CEO Pierre Nanterme sold 38,589 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.03, for a total value of $5,210,672.67. Following the transaction, the chief executive officer now directly owns 179,083 shares in the company, valued at $24,181,577.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel T. London sold 637 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $136.03, for a total transaction of $86,651.11. The disclosure for this sale can be found here. Insiders sold 66,310 shares of company stock worth $8,854,197 over the last quarter. Insiders own 0.21% of the company’s stock.

Several research firms have commented on ACN. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Thursday, September 21st. Berenberg Bank reissued a “buy” rating and set a $160.00 target price on shares of Accenture PLC in a research report on Thursday, September 21st. Morgan Stanley lifted their target price on shares of Accenture PLC from $132.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, September 22nd. Robert W. Baird reissued a “neutral” rating and set a $148.00 target price (up previously from $142.00) on shares of Accenture PLC in a research report on Friday, September 22nd. Finally, KeyCorp reaffirmed a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Accenture PLC currently has an average rating of “Buy” and an average price target of $141.84.

ILLEGAL ACTIVITY NOTICE: “Teachers Advisors LLC Acquires 55,647 Shares of Accenture PLC (ACN)” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/11/teachers-advisors-llc-acquires-55647-shares-of-accenture-plc-acn.html.

Accenture PLC (ACN) opened at 137.52 on Wednesday. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $138.70. The stock has a market capitalization of $84.92 billion, a price-to-earnings ratio of 25.27 and a beta of 1.08. The company has a 50-day moving average of $134.08 and a 200-day moving average of $126.36.

Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate o

A number of other hedge funds and other institutional investors have also made changes to their positions in ACN. BlackRock Inc. lifted its position in shares of Accenture PLC by 2,139.5% during the 1st quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock worth $4,730,821,000 after buying an additional 37,700,871 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Accenture PLC by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock worth $5,679,843,000 after buying an additional 2,749,896 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Accenture PLC by 8.8% during the 1st quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock worth $2,587,385,000 after buying an additional 1,738,262 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Accenture PLC by 38.8% during the 1st quarter. Lazard Asset Management LLC now owns 4,297,555 shares of the information technology services provider’s stock worth $515,189,000 after buying an additional 1,202,048 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of Accenture PLC by 212.6% during the 1st quarter. Schroder Investment Management Group now owns 1,295,260 shares of the information technology services provider’s stock worth $156,105,000 after buying an additional 880,905 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.

In other Accenture PLC news, CEO Pierre Nanterme sold 38,589 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.03, for a total value of $5,210,672.67. Following the transaction, the chief executive officer now directly owns 179,083 shares in the company, valued at $24,181,577.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel T. London sold 637 shares of the stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $136.03, for a total transaction of $86,651.11. The disclosure for this sale can be found here. Insiders sold 66,310 shares of company stock worth $8,854,197 over the last quarter. Insiders own 0.21% of the company’s stock.

Several research firms have commented on ACN. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Thursday, September 21st. Berenberg Bank reissued a “buy” rating and set a $160.00 target price on shares of Accenture PLC in a research report on Thursday, September 21st. Morgan Stanley lifted their target price on shares of Accenture PLC from $132.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, September 22nd. Robert W. Baird reissued a “neutral” rating and set a $148.00 target price (up previously from $142.00) on shares of Accenture PLC in a research report on Friday, September 22nd. Finally, KeyCorp reaffirmed a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Accenture PLC currently has an average rating of “Buy” and an average price target of $141.84.

ILLEGAL ACTIVITY NOTICE: “Teachers Advisors LLC Acquires 55,647 Shares of Accenture PLC (ACN)” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/11/teachers-advisors-llc-acquires-55647-shares-of-accenture-plc-acn.html.

Accenture PLC (ACN) opened at 137.52 on Wednesday. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $138.70. The stock has a market capitalization of $84.92 billion, a price-to-earnings ratio of 25.27 and a beta of 1.08. The company has a 50-day moving average of $134.08 and a 200-day moving average of $126.36.

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

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

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.

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

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