Accenture PLC (NYSE:ACN) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC reduced its stake in Accenture PLC (NYSE:ACN) by 96.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,990 shares of the information technology services provider’s stock after selling 120,545 shares during the period. Harbour Capital Advisors LLC’s holdings in Accenture were worth $674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC grew its position in Accenture by 0.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock worth $362,000 after acquiring an additional 12 shares during the last quarter. AlphaMark Advisors LLC grew its position in Accenture by 0.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock worth $287,000 after acquiring an additional 20 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in Accenture by 1.4% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock worth $223,000 after acquiring an additional 24 shares during the last quarter. Guardian Life Insurance Co. of America grew its position in Accenture by 1.2% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,405 shares of the information technology services provider’s stock worth $288,000 after acquiring an additional 29 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its position in Accenture by 0.6% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,535 shares of the information technology services provider’s stock worth $664,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 72.51% of the company’s stock.

A number of equities research analysts recently commented on ACN shares. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Monday, August 28th. Stifel Nicolaus increased their price target on Accenture from $138.00 to $146.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. KeyCorp restated a “buy” rating and set a $149.00 price target on shares of Accenture in a research report on Sunday, October 29th. Pivotal Research initiated coverage on Accenture in a research report on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price objective on the stock. Finally, Cowen set a $150.00 price objective on Accenture and gave the company a “buy” rating in a research report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $144.16.

In related news, insider Gianfranco Casati sold 20,380 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $142.72, for a total transaction of $2,908,633.60. Following the sale, the insider now owns 51,014 shares of the company’s stock, valued at approximately $7,280,718.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Pierre Nanterme sold 38,589 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $135.03, for a total value of $5,210,672.67. Following the sale, the chief executive officer now directly owns 179,083 shares in the company, valued at approximately $24,181,577.49. The disclosure for this sale can be found here. In the last three months, insiders sold 83,325 shares of company stock worth $11,479,125. 0.21% of the stock is currently owned by company insiders.

Accenture PLC (NYSE:ACN) opened at $147.15 on Tuesday. The firm has a market capitalization of $96,730.05, a price-to-earnings ratio of 24.80, a PEG 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 posted its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. Accenture had a return on equity of 42.65% and a net margin of 9.37%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.31 EPS. equities research analysts anticipate that Accenture PLC will post 6.54 earnings per share for the current year.

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th were paid a $1.33 dividend. This represents a dividend yield of 1.97%. The ex-dividend date was Wednesday, October 18th. Accenture’s dividend payout ratio (DPR) is currently 48.90%.

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Accenture 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.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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