Capital International Inc. CA raised its stake in Accenture PLC (NYSE:ACN) by 48.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,700 shares of the information technology services provider’s stock after acquiring an additional 6,400 shares during the period. Capital International Inc. CA’s holdings in Accenture were worth $2,661,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Accenture during the second quarter valued at $533,000. Jacobi Capital Management LLC lifted its holdings in shares of Accenture by 104.8% during the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock valued at $100,000 after purchasing an additional 372 shares in the last quarter. TCI Wealth Advisors Inc. lifted its holdings in shares of Accenture by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 162 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in shares of Accenture by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new position in shares of Accenture during the first quarter valued at $122,000. 72.51% of the stock is currently owned by hedge funds and other institutional investors.
Accenture PLC (ACN) opened at $148.60 on Friday. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $148.66. The firm has a market capitalization of $97,851.98, a PE ratio of 25.09, a price-to-earnings-growth ratio of 2.19 and a beta of 1.08.
Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. Accenture had a return on equity of 42.65% and a net margin of 9.37%. The company had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the prior year, the company earned $1.31 earnings per share. Accenture’s revenue was up 7.8% on a year-over-year basis. equities analysts anticipate that Accenture PLC will post 6.54 earnings per share for the current fiscal year.
The company also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th were issued a $1.33 dividend. This represents a yield of 1.97%. The ex-dividend date of this dividend was Wednesday, October 18th. Accenture’s dividend payout ratio is 48.90%.
In other news, insider Richard Lumb sold 2,200 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $135.06, for a total value of $297,132.00. Following the transaction, the insider now owns 118,085 shares of the company’s stock, valued at $15,948,560.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard P. Clark sold 3,155 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $143.01, for a total value of $451,196.55. Following the completion of the transaction, the insider now directly owns 5,533 shares in the company, valued at approximately $791,274.33. 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 owned by corporate insiders.
A number of research analysts have recently issued reports on the company. Robert W. Baird reaffirmed a “hold” rating and set a $155.00 price target on shares of Accenture in a report on Thursday. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Tuesday, November 28th. Evercore ISI upped their price target on Accenture from $148.00 to $162.00 and gave the company a “reduce” rating in a report on Thursday, November 16th. Pivotal Research assumed coverage on Accenture in a report on Wednesday, November 8th. They set a “buy” rating and a $165.00 price target on the stock. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $150.00 price target on shares of Accenture in a report on Friday, November 3rd. Two equities research 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 company. The company has an average rating of “Buy” and a consensus target price of $144.38.
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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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