Raymond James Financial Services Advisors Inc. trimmed its stake in shares of Accenture PLC (NYSE:ACN) by 11.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,501 shares of the information technology services provider’s stock after selling 13,618 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Accenture PLC were worth $13,844,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ACN. Rock Point Advisors LLC increased its holdings in shares of Accenture PLC by 27.7% in the 1st quarter. Rock Point Advisors LLC now owns 50,527 shares of the information technology services provider’s stock worth $6,057,000 after acquiring an additional 10,975 shares during the period. Jarislowsky Fraser Ltd acquired a new stake in shares of Accenture PLC in the 1st quarter worth about $234,000. Gofen & Glossberg LLC IL increased its holdings in shares of Accenture PLC by 15.1% in the 1st quarter. Gofen & Glossberg LLC IL now owns 37,398 shares of the information technology services provider’s stock worth $4,483,000 after acquiring an additional 4,915 shares during the period. OppenheimerFunds Inc. increased its holdings in shares of Accenture PLC by 1,572.6% in the 1st quarter. OppenheimerFunds Inc. now owns 530,553 shares of the information technology services provider’s stock worth $63,604,000 after acquiring an additional 498,833 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Accenture PLC by 1.5% in the 1st quarter. Principal Financial Group Inc. now owns 1,274,638 shares of the information technology services provider’s stock worth $152,804,000 after acquiring an additional 19,237 shares during the period. Hedge funds and other institutional investors own 77.73% of the company’s stock.
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Several research firms have commented on ACN. Stifel Nicolaus raised their target price on shares of Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a research note on Thursday, September 14th. Royal Bank Of Canada raised their target price on shares of Accenture PLC from $145.00 to $148.00 and gave the company an “outperform” rating in a research note on Friday, September 29th. BidaskClub cut shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, KeyCorp restated a “buy” rating and set a $149.00 price objective on shares of Accenture PLC in a research report on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $143.73.
In other Accenture PLC news, insider Gianfranco Casati sold 20,380 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $142.72, for a total transaction of $2,908,633.60. Following the completion of the sale, the insider now directly owns 51,014 shares of the company’s stock, valued at approximately $7,280,718.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard P. Clark sold 3,155 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $143.01, for a total value of $451,196.55. Following the sale, the insider now directly owns 5,533 shares of the company’s stock, valued at $791,274.33. The disclosure for this sale can be found here. Insiders sold 83,325 shares of company stock valued at $11,479,125 over the last ninety days. 0.21% of the stock is currently owned by company insiders.
Shares of Accenture PLC (ACN) opened at $145.45 on Friday. Accenture PLC has a 52 week low of $112.31 and a 52 week high of $147.28. The firm has a market cap of $95,990.89, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last issued its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating 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 company had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the previous year, the company earned $1.31 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. equities research analysts expect that Accenture PLC will post 6.54 earnings per share for the current fiscal year.
The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 15th. Investors of record on Thursday, October 19th were issued a $1.33 dividend. The ex-dividend date was Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s dividend payout ratio is 48.90%.
Accenture PLC 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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