Wellington Shields Capital Management LLC increased its position in Accenture PLC (NYSE:ACN) by 27.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,650 shares of the information technology services provider’s stock after buying an additional 4,700 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Accenture PLC were worth $2,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in 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 valued at $4,730,821,000 after purchasing an additional 37,700,871 shares during the period. Vanguard Group Inc. increased its position in 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 valued at $5,679,843,000 after purchasing an additional 2,749,896 shares during the period. Janus Henderson Group PLC increased its position in Accenture PLC by 2,531.4% during the 2nd quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock valued at $311,760,000 after purchasing an additional 2,424,888 shares during the period. BT Investment Management Ltd acquired a new stake in Accenture PLC during the 2nd quarter valued at approximately $220,158,000. Finally, Lazard Asset Management LLC increased its position in 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 valued at $515,189,000 after purchasing an additional 1,202,048 shares during the period. 71.36% of the stock is owned by institutional investors.
A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Monday, August 28th. Berenberg Bank restated a “buy” rating and set a $160.00 price target on shares of Accenture PLC in a report on Thursday, September 21st. Cowen and Company set a $150.00 price target on Accenture PLC and gave the stock a “buy” rating in a report on Monday, October 23rd. Stifel Nicolaus restated a “buy” rating and set a $150.00 price target on shares of Accenture PLC in a report on Friday, November 3rd. Finally, SunTrust Banks, Inc. set a $130.00 price target on Accenture PLC and gave the stock a “hold” rating in a report on Sunday, October 1st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Accenture PLC has a consensus rating of “Buy” and a consensus target price of $143.73.
Shares of Accenture PLC (NYSE ACN) opened at $146.57 on Tuesday. Accenture PLC has a twelve month low of $112.31 and a twelve month high of $147.28. The firm has a market capitalization of $93,530.00, a PE ratio of 24.61, a P/E/G ratio of 2.15 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 for the quarter, topping the consensus estimate of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The company had revenue of $9.15 billion during the quarter, compared to analyst estimates of $9.01 billion. During the same quarter last year, the firm posted $1.31 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. analysts anticipate that Accenture PLC will post 6.54 earnings per share for the current year.
The company also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 15th. Investors of record on Thursday, October 19th were issued a $1.33 dividend. This represents a yield of 1.97%. The ex-dividend date was Wednesday, October 18th. Accenture PLC’s dividend payout ratio (DPR) is currently 48.90%.
In related news, CEO Pierre Nanterme sold 38,589 shares of Accenture PLC stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $135.03, for a total value of $5,210,672.67. Following the completion of the sale, the chief executive officer now owns 179,083 shares of the company’s stock, valued at approximately $24,181,577.49. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Daniel T. London sold 637 shares of the firm’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $136.03, for a total value of $86,651.11. The disclosure for this sale can be found here. In the last three months, insiders sold 83,325 shares of company stock valued at $11,479,125. 0.21% of the stock is currently owned by insiders.
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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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