Mogy Joel R Investment Counsel Inc. Purchases 4,575 Shares of Accenture PLC (NYSE:ACN)

Mogy Joel R Investment Counsel Inc. raised its holdings in shares of Accenture PLC (NYSE:ACN) by 5.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,670 shares of the information technology services provider’s stock after buying an additional 4,575 shares during the quarter. Accenture comprises about 2.0% of Mogy Joel R Investment Counsel Inc.’s portfolio, making the stock its 19th biggest holding. Mogy Joel R Investment Counsel Inc.’s holdings in Accenture were worth $11,842,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC boosted its position in shares of Accenture by 0.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock valued at $362,000 after acquiring an additional 12 shares during the last quarter. AlphaMark Advisors LLC boosted its position in shares of Accenture by 0.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock valued at $287,000 after acquiring an additional 20 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Accenture by 1.4% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock valued at $223,000 after acquiring an additional 24 shares during the last quarter. Guardian Life Insurance Co. of America lifted its position in Accenture by 1.2% in the first quarter. Guardian Life Insurance Co. of America now owns 2,405 shares of the information technology services provider’s stock valued at $288,000 after buying an additional 29 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its position in Accenture by 0.6% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,535 shares of the information technology services provider’s stock valued at $664,000 after buying an additional 35 shares during the last quarter. 72.51% of the stock is owned by institutional investors and hedge funds.

Shares of Accenture PLC (NYSE ACN) opened at $147.67 on Wednesday. The stock has a market cap of $97,112.82, a PE ratio of 24.90, a PEG ratio of 2.18 and a beta of 1.08. Accenture PLC has a 1 year low of $112.31 and a 1 year high of $148.60.

Accenture (NYSE:ACN) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $9.01 billion. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.31 earnings per share. research analysts anticipate that Accenture PLC will post 6.54 earnings per share for the current fiscal year.

The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 15th. Investors of record on Thursday, October 19th were paid a dividend of $1.33 per share. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture’s payout ratio is 48.90%.

In related news, CEO Pierre Nanterme sold 38,589 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the sale, 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 link. Also, insider Gianfranco Casati sold 20,380 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 51,014 shares in the company, valued at $7,280,718.08. The disclosure for this sale can be found here. Insiders have sold 83,325 shares of company stock worth $11,479,125 over the last 90 days. Insiders own 0.21% of the company’s stock.

ACN has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research report on Monday, August 28th. Stifel Nicolaus upped their target price on shares of Accenture from $138.00 to $146.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. Bank of America initiated coverage on shares of Accenture in a research report on Tuesday, September 12th. They issued a “buy” rating and a $150.00 target price on the stock. Cowen reaffirmed a “buy” rating and issued a $150.00 target price (up previously from $135.00) on shares of Accenture in a research report on Tuesday, September 19th. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a $160.00 target price on shares of Accenture in a research report on Thursday, September 21st. Two analysts have 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 an average rating of “Buy” and an average price target of $144.16.

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Accenture 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.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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