AMP Capital Investors Ltd raised its holdings in Accenture PLC (NYSE:ACN) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 275,824 shares of the information technology services provider’s stock after buying an additional 1,471 shares during the quarter. AMP Capital Investors Ltd’s holdings in Accenture were worth $37,256,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Flagship Harbor Advisors LLC increased its holdings in shares of Accenture by 0.4% during the second 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 in the last quarter. AlphaMark Advisors LLC increased its holdings in shares of Accenture by 0.9% during the second 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 in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Accenture by 1.4% during the second 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 in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Accenture by 5.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock valued at $127,000 after acquiring an additional 52 shares in the last quarter. Finally, Manchester Capital Management LLC increased its holdings 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. 72.51% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Monday, August 28th. Berenberg Bank reiterated a “buy” rating and set a $160.00 price target on shares of Accenture in a report on Thursday, September 21st. Cowen set a $150.00 price target on Accenture and gave the stock a “buy” rating in a report on Monday, October 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $150.00 price target on shares of Accenture in a report on Friday, November 3rd. Finally, SunTrust Banks set a $130.00 price target on Accenture and gave the stock a “hold” rating in a report on Sunday, October 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Accenture currently has a consensus rating of “Buy” and an average price target of $144.38.
Accenture PLC (ACN) opened at $148.27 on Thursday. The stock has a market capitalization of $97,456.00, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 2.19 and a beta of 1.08. Accenture PLC has a 12 month low of $112.31 and a 12 month 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 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. Accenture had a return on equity of 42.65% and a net margin of 9.37%. The firm had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. equities analysts forecast that Accenture PLC will post 6.54 earnings per share for the current year.
The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture’s dividend payout ratio is presently 48.90%.
In other news, insider Gianfranco Casati sold 20,380 shares of the company’s stock in a transaction 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 transaction, the insider now owns 51,014 shares of the company’s stock, valued at approximately $7,280,718.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Johan Deblaere sold 5,000 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $135.05, for a total value of $675,250.00. Following the transaction, the chief operating officer now directly owns 120,817 shares in the company, valued at approximately $16,316,335.85. The disclosure for this sale can be found here. Insiders have sold a total of 83,325 shares of company stock worth $11,479,125 in the last ninety days. Insiders own 0.21% of the company’s stock.
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Accenture Company 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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