Advisor Group Inc. cut its holdings in Accenture PLC (NYSE:ACN) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,559 shares of the information technology services provider’s stock after selling 1,481 shares during the quarter. Advisor Group Inc.’s holdings in Accenture PLC were worth $3,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Flagship Harbor Advisors LLC grew its stake in shares of Accenture PLC by 0.4% in the second quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock worth $362,000 after purchasing an additional 12 shares during the last quarter. Glenview Trust Co grew its stake in shares of Accenture PLC by 0.3% in the first quarter. Glenview Trust Co now owns 4,935 shares of the information technology services provider’s stock worth $591,000 after purchasing an additional 15 shares during the last quarter. AlphaMark Advisors LLC grew its stake in shares of Accenture PLC by 0.9% in the second quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock worth $287,000 after purchasing an additional 20 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Accenture PLC by 1.4% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock worth $223,000 after purchasing an additional 24 shares during the last quarter. Finally, Bank of The Ozarks boosted its position in Accenture PLC by 0.7% during the 1st quarter. Bank of The Ozarks now owns 3,490 shares of the information technology services provider’s stock valued at $418,000 after acquiring an additional 25 shares in the last quarter. 77.68% of the stock is currently owned by institutional investors.
In related news, insider Daniel T. London sold 637 shares of the stock in a transaction on Friday, October 6th. The shares were sold at an average price of $136.03, for a total transaction of $86,651.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $129.26, for a total transaction of $284,372.00. Following the transaction, the insider now 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 90 days, insiders sold 66,990 shares of company stock valued at $9,053,667. Company insiders own 0.21% of the company’s stock.
Shares of Accenture PLC (ACN) traded up 0.92% during midday trading on Friday, reaching $143.28. 2,367,616 shares of the company’s stock traded hands. The stock has a market capitalization of $88.48 billion, a P/E ratio of 26.33 and a beta of 1.08. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $143.61. The firm’s 50-day moving average price is $136.82 and its 200 day moving average price is $127.88.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings data 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 PLC 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 the consensus estimate of $9.01 billion. During the same period in the prior year, the firm posted $1.31 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities analysts predict that Accenture PLC will post $6.56 earnings per share for the current fiscal year.
The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be issued a $1.33 dividend. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s payout ratio is 48.90%.
Several analysts have weighed in on the company. Cowen and Company set a $150.00 price objective on Accenture PLC and gave the company a “buy” rating in a research report on Monday, October 23rd. Berenberg Bank reissued a “buy” rating and issued a $160.00 price target on shares of Accenture PLC in a research report on Thursday, September 21st. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Thursday, September 21st. KeyCorp reissued a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research report on Friday, September 22nd. Finally, Morgan Stanley boosted their price target on Accenture PLC from $132.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $141.84.
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Accenture PLC 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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