Retirement Systems of Alabama decreased its stake in Accenture PLC (NYSE:ACN) by 0.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 338,898 shares of the information technology services provider’s stock after selling 1,230 shares during the quarter. Retirement Systems of Alabama owned 0.06% of Accenture worth $45,775,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Accenture by 2,139.5% in the 1st quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock valued at $4,730,821,000 after acquiring an additional 37,700,871 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Accenture by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock worth $5,679,843,000 after purchasing an additional 2,749,896 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Accenture by 2,531.4% during the 2nd quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock worth $311,760,000 after purchasing an additional 2,424,888 shares in the last quarter. BT Investment Management Ltd acquired a new stake in shares of Accenture during the 2nd quarter worth approximately $220,158,000. Finally, Wellington Management Group LLP grew its holdings in shares of Accenture by 8.8% during the 1st quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock worth $2,587,385,000 after purchasing an additional 1,738,262 shares in the last quarter. Hedge funds and other institutional investors own 72.51% of the company’s stock.
In other news, COO Johan Deblaere sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.05, for a total value of $675,250.00. Following the transaction, the chief operating officer now owns 120,817 shares in the company, valued at approximately $16,316,335.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Pierre Nanterme sold 38,589 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.03, for a total value of $5,210,672.67. Following the completion of the transaction, the chief executive officer now owns 179,083 shares in the company, valued at approximately $24,181,577.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,325 shares of company stock valued at $11,479,125. 0.21% of the stock is owned by corporate insiders.
Accenture PLC (NYSE ACN) traded up $0.58 during midday trading on Monday, hitting $147.15. The company had a trading volume of 2,099,765 shares, compared to its average volume of 2,123,066. The firm has a market cap of $94,340.00, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08. Accenture PLC has a 12 month low of $112.31 and a 12 month high of $148.60.
Accenture (NYSE:ACN) last announced its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion during the quarter, compared to analyst estimates of $9.01 billion. Accenture had a return on equity of 42.65% and a net margin of 9.37%. Accenture’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $1.31 EPS. equities analysts expect that Accenture PLC will post 6.54 EPS for the current fiscal year.
The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 15th. Investors of record on Thursday, October 19th were given a dividend of $1.33 per share. This represents a yield of 1.97%. The ex-dividend date of this dividend was Wednesday, October 18th. Accenture’s dividend payout ratio is currently 48.90%.
ACN has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on Accenture from $138.00 to $146.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a research report on Thursday, September 14th. Royal Bank Of Canada upped their price objective on Accenture from $145.00 to $148.00 and gave the company an “outperform” rating in a report on Friday, September 29th. KeyCorp reiterated a “buy” rating and issued a $149.00 price objective on shares of Accenture in a report on Thursday, September 28th. Finally, Barclays boosted their target price on Accenture from $124.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $144.16.
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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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