Cibc World Markets Corp lessened its position in Accenture PLC (NYSE:ACN) by 22.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 87,627 shares of the information technology services provider’s stock after selling 25,162 shares during the quarter. Cibc World Markets Corp’s holdings in Accenture PLC were worth $10,838,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. TCI Wealth Advisors Inc. raised its position in Accenture PLC by 23.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after buying an additional 162 shares during the last quarter. Bellwether Investment Group LLC boosted its stake in shares of Accenture PLC by 64.2% during the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after acquiring an additional 359 shares during the period. Manchester Capital Management LLC boosted its stake in shares of Accenture PLC by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after acquiring an additional 60 shares during the period. Harbour Capital Advisors LLC bought a new position in shares of Accenture PLC during the 1st quarter worth approximately $122,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Accenture PLC by 5.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock worth $127,000 after acquiring an additional 52 shares during the period. 77.68% of the stock is currently owned by institutional investors and hedge funds.
Accenture PLC (NYSE ACN) traded up 0.92% on Friday, hitting $143.28. The stock had a trading volume of 2,367,616 shares. The firm has a market cap of $88.48 billion, a price-to-earnings ratio of 26.33 and a beta of 1.08. Accenture PLC has a 52-week low of $112.31 and a 52-week high of $143.61. The company’s 50 day moving average price is $136.82 and its 200 day moving average price is $127.88.
Accenture PLC (NYSE:ACN) last issued its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $1.31 earnings per share. Analysts expect that Accenture PLC will post $6.56 EPS for the current year.
The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be issued a $1.33 dividend. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s dividend payout ratio is currently 48.90%.
Several analysts recently issued reports on ACN shares. Stifel Nicolaus boosted their price target on Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $151.00 price objective for the company in a report on Thursday, September 14th. Royal Bank Of Canada lifted their price objective on Accenture PLC from $145.00 to $148.00 and gave the company an “outperform” rating in a report on Friday, September 29th. BidaskClub cut Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, KeyCorp restated a “buy” rating and set a $149.00 price objective on shares of Accenture PLC in a research report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $141.84.
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In other Accenture PLC news, insider Daniel T. London sold 3,087 shares of Accenture PLC 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 completion of the transaction, the insider now owns 21,241 shares of the company’s stock, valued at $2,974,802.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard Lumb sold 2,200 shares of Accenture PLC stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $129.26, for a total transaction of $284,372.00. Following the completion of the transaction, the insider now directly owns 119,013 shares of the company’s stock, valued at approximately $15,383,620.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,990 shares of company stock valued at $9,053,667. Corporate insiders own 0.21% of the company’s stock.
Accenture PLC 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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