Parametric Portfolio Associates LLC raised its position in shares of Accenture PLC (NYSE:ACN) by 21.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,388,291 shares of the information technology services provider’s stock after purchasing an additional 246,839 shares during the period. Parametric Portfolio Associates LLC owned 0.22% of Accenture PLC worth $171,704,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in shares of Accenture PLC by 2,139.5% in the first quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock worth $4,730,821,000 after acquiring an additional 37,700,871 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Accenture PLC by 6.2% in the first quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock worth $5,679,843,000 after acquiring an additional 2,749,896 shares during the period. BT Investment Management Ltd bought a new position in shares of Accenture PLC in the second quarter worth $220,158,000. Wellington Management Group LLP boosted its holdings in shares of Accenture PLC by 8.8% in the first quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock worth $2,587,385,000 after acquiring an additional 1,738,262 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in shares of Accenture PLC by 38.8% in the first quarter. Lazard Asset Management LLC now owns 4,297,555 shares of the information technology services provider’s stock worth $515,189,000 after acquiring an additional 1,202,048 shares during the period. 77.68% of the stock is owned by institutional investors and hedge funds.
ACN has been the subject of several research analyst reports. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Monday, August 28th. Stifel Nicolaus raised their price target on Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. Morgan Stanley raised their price target on Accenture PLC from $132.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, September 22nd. Bank of America Corporation started coverage on Accenture PLC in a research report on Tuesday, September 12th. They set a “buy” rating and a $150.00 price target on the stock. Finally, BidaskClub downgraded Accenture PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $141.84.
Shares of Accenture PLC (NYSE:ACN) traded up 0.92% during mid-day trading on Friday, hitting $143.28. 2,367,616 shares of the stock traded hands. The company has a market cap of $88.48 billion, a P/E ratio of 26.33 and a beta of 1.08. Accenture PLC has a 12 month low of $112.31 and a 12 month high of $143.61. The firm has a 50 day moving average of $136.82 and a 200 day moving average of $127.88.
Accenture PLC (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The firm 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%. Accenture PLC’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.31 earnings per share. Equities analysts anticipate that Accenture PLC will post $6.56 EPS for the current fiscal year.
The company also recently announced 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 is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s payout ratio is 48.90%.
In other Accenture PLC news, insider Daniel T. London sold 3,087 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $140.05, for a total value of $432,334.35. Following the transaction, the insider now directly owns 21,241 shares in the company, valued at approximately $2,974,802.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Pierre Nanterme sold 38,589 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the completion of the sale, the chief executive officer now directly owns 179,083 shares in the company, valued at $24,181,577.49. The disclosure for this sale can be found here. Insiders sold a total of 66,990 shares of company stock worth $9,053,667 over the last quarter. 0.21% of the stock is currently owned by company insiders.
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About Accenture PLC
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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