Wellington Shields Capital Management LLC boosted its position in Accenture PLC (NYSE:ACN) by 27.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,650 shares of the information technology services provider’s stock after purchasing an additional 4,700 shares during the period. Wellington Shields Capital Management LLC’s holdings in Accenture were worth $2,924,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of ACN. Jacobi Capital Management LLC increased its holdings in shares of Accenture by 104.8% in the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 372 shares during the period. TCI Wealth Advisors Inc. increased its holdings in shares of Accenture by 23.4% in the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after purchasing an additional 162 shares during the period. Bellwether Investment Group LLC increased its holdings in shares of Accenture by 64.2% in the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after purchasing an additional 359 shares during the period. Manchester Capital Management LLC increased its holdings in shares of Accenture by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 60 shares during the period. Finally, Harbour Capital Advisors LLC bought a new position in shares of Accenture in the first quarter worth $122,000. Institutional investors and hedge funds own 72.51% of the company’s stock.
A number of research analysts recently commented on the company. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a research note on Tuesday, November 28th. Evercore ISI raised their price objective on Accenture from $148.00 to $162.00 and gave the company a “reduce” rating in a research note on Thursday, November 16th. Pivotal Research assumed coverage on shares of Accenture in a report on Wednesday, November 8th. They set a “buy” rating and a $165.00 target price for the company. Stifel Nicolaus reiterated a “buy” rating and set a $150.00 target price on shares of Accenture in a report on Friday, November 3rd. Finally, KeyCorp reiterated a “buy” rating and set a $149.00 target price on shares of Accenture in a report on Sunday, October 29th. Two investment 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. The company has a consensus rating of “Buy” and an average target price of $144.16.
In other Accenture news, CEO Pierre Nanterme sold 38,589 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $135.03, for a total value of $5,210,672.67. Following the sale, the chief executive officer now owns 179,083 shares in the company, valued at approximately $24,181,577.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Richard P. Clark sold 3,155 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $143.01, for a total transaction of $451,196.55. Following the completion of the sale, the insider now owns 5,533 shares in the company, valued at approximately $791,274.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,325 shares of company stock worth $11,479,125. 0.21% of the stock is owned by corporate insiders.
Shares of Accenture PLC (NYSE ACN) traded up $0.60 on Wednesday, hitting $148.27. 1,363,413 shares of the company traded hands, compared to its average volume of 2,116,752. The company has a market capitalization of $94,910.00, a P/E ratio of 24.90, a P/E/G ratio of 2.18 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 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $9.01 billion. During the same quarter last year, the company posted $1.31 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. equities research 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. Investors of record on Thursday, October 19th were paid a dividend of $1.33 per share. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend was Wednesday, October 18th. Accenture’s dividend payout ratio (DPR) is 48.90%.
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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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