Westpac Banking Corp trimmed its position in shares of Accenture PLC (NYSE:ACN) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 335,352 shares of the company’s stock after selling 7,229 shares during the period. Accenture PLC makes up about 1.0% of Westpac Banking Corp’s holdings, making the stock its 12th biggest holding. Westpac Banking Corp owned 0.05% of Accenture PLC worth $45,296,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in ACN. BlackRock Inc. increased its holdings in shares of Accenture PLC by 2,139.5% during the 1st quarter. BlackRock Inc. now owns 39,462,967 shares of the company’s stock worth $4,730,821,000 after buying an additional 37,700,871 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Accenture PLC by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 47,379,397 shares of the company’s stock worth $5,679,843,000 after buying an additional 2,749,896 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Accenture PLC by 2,531.4% during the 2nd quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the company’s stock worth $311,760,000 after buying an additional 2,424,888 shares during the last quarter. BT Investment Management Ltd acquired a new stake in shares of Accenture PLC during the 2nd quarter worth $220,158,000. Finally, Wellington Management Group LLP increased its holdings in shares of Accenture PLC by 8.8% during the 1st quarter. Wellington Management Group LLP now owns 21,583,126 shares of the company’s stock worth $2,587,385,000 after buying an additional 1,738,262 shares during the last quarter. Institutional investors and hedge funds own 77.47% of the company’s stock.
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A number of analysts recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $150.00 price target on shares of Accenture PLC in a research report on Friday, November 3rd. Pivotal Research assumed coverage on shares of Accenture PLC in a research report on Wednesday. They set a “buy” rating and a $165.00 price target for the company. KeyCorp reaffirmed a “buy” rating and set a $149.00 price target on shares of Accenture PLC in a research report on Sunday, October 29th. Cowen and Company set a $150.00 price target on shares of Accenture PLC and gave the stock a “buy” rating in a research report on Monday, October 23rd. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $160.00 price target on shares of Accenture PLC in a research report on Thursday, September 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Accenture PLC currently has a consensus rating of “Buy” and an average price target of C$142.89.
Accenture PLC (NYSE:ACN) opened at C$143.89 on Friday. Accenture PLC has a 12-month low of C$112.31 and a 12-month high of C$145.00. The company has a market cap 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 issued its quarterly earnings results on Thursday, September 28th. The company reported C$1.48 EPS for the quarter, topping the consensus estimate of C$1.47 by C$0.01. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The business had revenue of C$9.15 billion for the quarter, compared to analysts’ expectations of C$9.01 billion. During the same quarter last year, the company posted $1.31 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. sell-side analysts predict that Accenture PLC will post 6.54 earnings per share for the current fiscal year.
The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be given a dividend of $1.33 per share. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s payout ratio is 48.90%.
In related news, CFO David Rowland sold 3,702 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of C$135.04, for a total transaction of C$499,918.08. Following the sale, the chief financial officer now owns 9,864 shares in the company, valued at C$1,332,034.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Johan Deblaere sold 5,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of C$135.05, for a total transaction of C$675,250.00. Following the sale, the chief operating officer now owns 120,817 shares in the company, valued at approximately C$16,316,335.85. The disclosure for this sale can be found here. Insiders have sold 83,325 shares of company stock worth $11,479,125 in the last ninety days. Corporate insiders own 0.21% of the company’s stock.
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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