Boston Private Wealth LLC grew its holdings in shares of Accenture PLC (NYSE:ACN) by 1.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 148,971 shares of the information technology services provider’s stock after purchasing an additional 2,582 shares during the period. Boston Private Wealth LLC’s holdings in Accenture were worth $20,122,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in ACN. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Accenture during the second quarter valued at approximately $533,000. Jacobi Capital Management LLC increased its position in shares of Accenture by 104.8% during the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after acquiring an additional 372 shares in the last quarter. TCI Wealth Advisors Inc. increased its position in shares of Accenture by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after acquiring an additional 162 shares in the last quarter. Manchester Capital Management LLC increased its position in shares of Accenture by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after acquiring an additional 60 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Accenture during the first quarter valued at approximately $122,000. Hedge funds and other institutional investors own 72.51% of the company’s stock.
In other news, insider Daniel T. London sold 637 shares of the business’s stock in a transaction on Friday, October 6th. The shares were sold at an average price of $136.03, for a total transaction of $86,651.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard P. Clark sold 3,155 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $143.01, for a total transaction of $451,196.55. Following the sale, the insider now directly owns 5,533 shares of the company’s stock, valued at approximately $791,274.33. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,325 shares of company stock valued at $11,479,125. Insiders own 0.21% of the company’s stock.
Shares of Accenture PLC (ACN) opened at $146.57 on Friday. Accenture PLC has a 1 year low of $112.31 and a 1 year high of $148.60. The company has a market cap of $97,680.38, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 2.19 and a beta of 1.09.
Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The business had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the previous year, the firm posted $1.31 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. equities analysts predict that Accenture PLC will post 6.54 earnings per share for the current year.
The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th were given a dividend of $1.33 per share. This represents a dividend yield of 1.97%. The ex-dividend date was Wednesday, October 18th. Accenture’s payout ratio is 48.90%.
ACN has been the subject of several analyst reports. Cowen set a $150.00 price target on shares of Accenture and gave the company a “buy” rating in a research report on Monday, October 23rd. Stifel Nicolaus reissued a “buy” rating and set a $150.00 price target on shares of Accenture in a research report on Sunday, October 1st. Barclays raised their price target on shares of Accenture from $124.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 27th. Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Wednesday, September 6th. Finally, Morgan Stanley raised their price target on shares of Accenture from $132.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Accenture presently has an average rating of “Buy” and a consensus target price of $144.16.
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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