Canada Pension Plan Investment Board grew its position in Accenture PLC (NYSE:ACN) by 82.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 865,231 shares of the company’s stock after buying an additional 391,974 shares during the quarter. Canada Pension Plan Investment Board owned 0.14% of Accenture PLC worth $116,867,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Hallmark Capital Management Inc. grew its stake in shares of Accenture PLC by 0.5% in the third quarter. Hallmark Capital Management Inc. now owns 129,943 shares of the company’s stock valued at $17,551,000 after buying an additional 638 shares in the last quarter. Weatherly Asset Management L. P. grew its stake in shares of Accenture PLC by 11.4% in the third quarter. Weatherly Asset Management L. P. now owns 5,366 shares of the company’s stock valued at $725,000 after buying an additional 550 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Accenture PLC by 3.5% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 147,318 shares of the company’s stock valued at $19,898,000 after buying an additional 5,015 shares in the last quarter. Linscomb & Williams Inc. grew its stake in shares of Accenture PLC by 4.0% in the third quarter. Linscomb & Williams Inc. now owns 25,571 shares of the company’s stock valued at $3,454,000 after buying an additional 984 shares in the last quarter. Finally, Beck Mack & Oliver LLC acquired a new stake in shares of Accenture PLC in the third quarter valued at $203,000. 77.47% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “Canada Pension Plan Investment Board Raises Stake in Accenture PLC (ACN)” was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2017/11/12/canada-pension-plan-investment-board-raises-stake-in-accenture-plc-acn.html.
A number of brokerages have recently weighed in on ACN. Cowen and Company reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Accenture PLC in a research note on Friday, July 28th. Berenberg Bank reiterated a “buy” rating and issued a $160.00 target price on shares of Accenture PLC in a report on Thursday, September 21st. Societe Generale lowered Accenture PLC from a “buy” rating to a “hold” rating and set a $144.00 target price for the company. in a report on Thursday, September 28th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $144.00 target price on shares of Accenture PLC in a report on Tuesday, October 3rd. Finally, Pivotal Research started coverage on Accenture PLC in a report on Wednesday. They issued a “buy” rating and a $165.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Accenture PLC presently has an average rating of “Buy” and an average price target of C$142.89.
Shares of Accenture PLC (NYSE:ACN) opened at C$143.89 on Friday. Accenture PLC has a fifty-two week low of C$112.31 and a fifty-two week high of C$145.00. The firm has a market capitalization of $88,451.77, a PE ratio of 24.35, a PEG ratio of 2.13 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The company reported C$1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.47 by C$0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The business had revenue of C$9.15 billion during the quarter, compared to the consensus estimate of C$9.01 billion. During the same period in the previous year, the business earned $1.31 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. analysts anticipate that Accenture PLC will post 6.54 EPS for the current year.
The company 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 is Wednesday, October 18th. Accenture PLC’s payout ratio is currently 48.90%.
In other news, insider Gianfranco Casati sold 20,380 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of C$142.72, for a total value of C$2,908,633.60. Following the completion of the sale, the insider now directly owns 51,014 shares of the company’s stock, valued at approximately C$7,280,718.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel T. London sold 637 shares of the business’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of C$136.03, for a total value of C$86,651.11. The disclosure for this sale can be found here. Insiders sold a total of 83,325 shares of company stock valued at $11,479,125 over the last three months. Company 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.
Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN).
Receive News & Ratings for Accenture PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture PLC and related companies with MarketBeat.com's FREE daily email newsletter.