Teacher Retirement System of Texas lifted its stake in shares of Accenture PLC (NYSE:ACN) by 165.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 539,068 shares of the information technology services provider’s stock after buying an additional 336,366 shares during the quarter. Teacher Retirement System of Texas owned about 0.09% of Accenture worth $72,812,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. BlackRock Inc. raised its position in Accenture by 2,139.5% in 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 last quarter. Vanguard Group Inc. increased its stake in Accenture by 6.2% in 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 buying an additional 2,749,896 shares during the period. Janus Henderson Group PLC increased its stake in Accenture by 2,531.4% in 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 buying an additional 2,424,888 shares during the period. BT Investment Management Ltd acquired a new position in Accenture in the 2nd quarter valued at $220,158,000. Finally, Lazard Asset Management LLC increased its stake in Accenture by 38.8% in 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 buying an additional 1,202,048 shares during the period. Institutional investors and hedge funds own 72.51% of the company’s stock.
In other news, insider Richard P. Clark sold 3,155 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $143.01, for a total transaction of $451,196.55. Following the transaction, the insider now directly owns 5,533 shares in the company, valued at approximately $791,274.33. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gianfranco Casati sold 20,380 shares of the 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 transaction, 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. Over the last 90 days, insiders sold 83,325 shares of company stock worth $11,479,125. 0.21% of the stock is owned by insiders.
Accenture PLC (NYSE:ACN) traded up $0.60 during trading hours on Wednesday, reaching $148.27. 1,363,413 shares of the company’s stock were exchanged, compared to its average volume of 2,116,752. The stock has a market cap of $94,910.00, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08. Accenture PLC has a 52 week low of $112.31 and a 52 week high of $148.60.
Accenture (NYSE:ACN) last released its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.31 EPS. equities analysts anticipate that Accenture PLC will post 6.54 EPS for the current year.
The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th were issued a $1.33 dividend. The ex-dividend date was Wednesday, October 18th. This represents a yield of 1.97%. Accenture’s dividend payout ratio (DPR) is 48.90%.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Accenture from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Tuesday, November 28th. Evercore ISI boosted their price objective on shares of Accenture from $148.00 to $162.00 and gave the company a “reduce” rating in a research note on Thursday, November 16th. Stifel Nicolaus reaffirmed a “buy” rating and set a $150.00 price target on shares of Accenture in a research note on Friday, November 3rd. Pivotal Research assumed coverage on shares of Accenture in a research note on Wednesday, November 8th. They set a “buy” rating and a $165.00 price target on the stock. Finally, KeyCorp reaffirmed a “buy” rating and set a $149.00 price target on shares of Accenture in a research note on Sunday, October 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $144.16.
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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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