Sciencast Management LP Invests $456,000 in Accenture PLC (NYSE:ACN) Stock

Sciencast Management LP acquired a new stake in Accenture PLC (NYSE:ACN) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,686 shares of the information technology services provider’s stock, valued at approximately $456,000.

Other large investors have also modified their holdings of the company. Flagship Harbor Advisors LLC lifted its stake in 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 valued at $362,000 after buying an additional 12 shares in the last quarter. Glenview Trust Co lifted its position 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 in the last quarter. AlphaMark Advisors LLC lifted its position 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 in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position 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 in the last quarter. Finally, Bank of The Ozarks increased its holdings in Accenture PLC by 0.7% during the first quarter. Bank of The Ozarks now owns 3,490 shares of the information technology services provider’s stock worth $418,000 after buying an additional 25 shares during the last quarter. Institutional investors own 77.47% of the company’s stock.

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Accenture PLC (NYSE:ACN) traded up $0.06 during trading on Friday, hitting $143.89. The stock had a trading volume of 922,400 shares, compared to its average volume of 2,145,217. Accenture PLC has a one year low of $112.31 and a one year high of $145.00. The firm has a market capitalization of $88,414.87, a P/E ratio of 24.34, a P/E/G ratio of 2.13 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last released its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The company had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. analysts forecast that Accenture PLC will post 6.54 EPS for the current fiscal year.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be paid 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 dividend payout ratio is currently 48.90%.

In other Accenture PLC news, insider Richard Lumb sold 2,200 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.06, for a total transaction of $297,132.00. Following the completion of the sale, the insider now owns 118,085 shares of the company’s stock, valued at approximately $15,948,560.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel T. London sold 637 shares of the stock in a transaction that occurred on Friday, October 6th. The shares were 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. Insiders sold 83,325 shares of company stock valued at $11,479,125 in the last ninety days. 0.21% of the stock is currently owned by insiders.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Monday, August 28th. Berenberg Bank restated a “buy” rating and set a $160.00 target price on shares of Accenture PLC in a report on Thursday, September 21st. Cowen and Company set a $150.00 price objective on shares of Accenture PLC and gave the company a “buy” rating in a report on Monday, October 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 price objective on shares of Accenture PLC in a report on Friday, November 3rd. Finally, SunTrust Banks, Inc. set a $130.00 price objective on shares of Accenture PLC and gave the company a “hold” rating in a report on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $142.89.

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.

Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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