Fieldpoint Private Securities LLC bought a new position in Accenture PLC (NYSE:ACN) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,915 shares of the information technology services provider’s stock, valued at approximately $799,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Accenture in the second quarter worth approximately $533,000. Jacobi Capital Management LLC lifted its position 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 in the last quarter. TCI Wealth Advisors Inc. lifted its position 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 in the last quarter. Manchester Capital Management LLC lifted its position 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 in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Accenture in the first quarter worth approximately $122,000. Institutional investors own 72.51% of the company’s stock.
A number of analysts have recently issued reports on the stock. Robert W. Baird reissued a “hold” rating and issued a $155.00 price target on shares of Accenture in a research report on Thursday, December 7th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $135.00 price objective on shares of Accenture in a research report on Thursday, September 28th. KeyCorp reaffirmed a “buy” rating and set a $149.00 price objective on shares of Accenture in a research report on Thursday, September 28th. BMO Capital Markets raised their price objective on shares of Accenture from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, September 29th. Finally, Wells Fargo & Company raised their price objective on shares of Accenture from $147.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $145.77.
Accenture PLC (ACN) traded up $1.41 during trading hours on Wednesday, hitting $152.10. 2,318,300 shares of the stock were exchanged, compared to its average volume of 2,112,973. Accenture PLC has a 12 month low of $112.31 and a 12 month high of $152.80. The company has a market capitalization of $99,449.07, a price-to-earnings ratio of 25.50, a price-to-earnings-growth ratio of 2.23 and a beta of 1.08.
Accenture (NYSE:ACN) last released its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating the Zacks’ 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 company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same quarter last year, the firm posted $1.31 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. analysts expect that Accenture PLC will post 6.54 earnings per share for the current fiscal year.
The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th were paid a $1.33 dividend. 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 other news, insider Daniel T. London sold 3,087 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $140.05, for a total value of $432,334.35. Following the sale, the insider now owns 21,241 shares in the company, valued at $2,974,802.05. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Daniel T. London sold 637 shares of the firm’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $136.03, for a total transaction of $86,651.11. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,325 shares of company stock worth $11,479,125. 0.21% of the stock is currently owned by corporate insiders.
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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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