Mariner Wealth Advisors LLC reduced its stake in shares of Accenture PLC (NYSE:ACN) by 33.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,462 shares of the information technology services provider’s stock after selling 5,797 shares during the quarter. Mariner Wealth Advisors LLC’s holdings in Accenture PLC were worth $1,418,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of ACN. Waldron LP boosted its holdings in shares of Accenture PLC by 93.3% during the first quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock worth $684,000 after purchasing an additional 2,756 shares during the period. Virginia Retirement Systems ET AL boosted its holdings in shares of Accenture PLC by 1.1% during the first quarter. Virginia Retirement Systems ET AL now owns 378,400 shares of the information technology services provider’s stock worth $45,363,000 after purchasing an additional 4,300 shares during the period. Cincinnati Financial Corp boosted its holdings in shares of Accenture PLC by 9.5% during the first quarter. Cincinnati Financial Corp now owns 345,000 shares of the information technology services provider’s stock worth $41,359,000 after purchasing an additional 30,000 shares during the period. Grand Jean Capital Management Inc. acquired a new stake in shares of Accenture PLC during the first quarter worth approximately $591,000. Finally, Intellectus Partners LLC boosted its holdings in shares of Accenture PLC by 33.9% during the first quarter. Intellectus Partners LLC now owns 6,693 shares of the information technology services provider’s stock worth $802,000 after purchasing an additional 1,694 shares during the period. Institutional investors and hedge funds own 77.68% of the company’s stock.
In other Accenture PLC news, insider Gianfranco Casati sold 5,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $130.00, for a total transaction of $650,000.00. Following the transaction, the insider now owns 56,014 shares in the company, valued at approximately $7,281,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard Lumb sold 2,200 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $129.26, for a total value of $284,372.00. Following the transaction, the insider now owns 119,013 shares in the company, 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 worth $9,053,667. 0.21% of the stock is owned by company insiders.
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Accenture PLC (ACN) opened at 143.28 on Friday. The company’s 50-day moving average is $136.82 and its 200-day moving average is $127.88. The company 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 12 month low of $112.31 and a 12 month high of $143.61.
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, beating analysts’ consensus estimates of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The business had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same quarter in the prior year, the business earned $1.31 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that Accenture PLC will post $6.56 earnings per share for the current year.
The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be paid a $1.33 dividend. This represents a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s dividend payout ratio (DPR) is presently 48.90%.
ACN has been the topic of several recent research reports. Bank of America Corporation initiated coverage on shares of Accenture PLC in a research report on Tuesday, September 12th. They set a “buy” rating and a $150.00 price objective on the stock. Stifel Nicolaus raised their price objective on shares of Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Wednesday, September 6th. BidaskClub lowered shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a research report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $141.84.
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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