Atlanta Capital Management Co. L L C Has $78.47 Million Position in Accenture PLC (ACN)

Atlanta Capital Management Co. L L C boosted its position in Accenture PLC (NYSE:ACN) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 580,977 shares of the information technology services provider’s stock after acquiring an additional 25,671 shares during the quarter. Atlanta Capital Management Co. L L C owned 0.09% of Accenture worth $78,472,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Level Four Advisory Services LLC raised its holdings in Accenture by 10.5% during the first quarter. Level Four Advisory Services LLC now owns 2,178 shares of the information technology services provider’s stock worth $257,000 after purchasing an additional 207 shares in the last quarter. Signaturefd LLC raised its holdings in Accenture by 8.6% during the first quarter. Signaturefd LLC now owns 4,226 shares of the information technology services provider’s stock worth $507,000 after purchasing an additional 333 shares in the last quarter. Nomura Holdings Inc. raised its holdings in Accenture by 105.3% during the first quarter. Nomura Holdings Inc. now owns 2,739 shares of the information technology services provider’s stock worth $329,000 after purchasing an additional 54,764 shares in the last quarter. AQR Capital Management LLC raised its holdings in Accenture by 14.4% during the first quarter. AQR Capital Management LLC now owns 1,144,290 shares of the information technology services provider’s stock worth $137,177,000 after purchasing an additional 143,784 shares in the last quarter. Finally, National Asset Management Inc. raised its holdings in Accenture by 1.4% during the first quarter. National Asset Management Inc. now owns 8,241 shares of the information technology services provider’s stock worth $990,000 after purchasing an additional 114 shares in the last quarter. 72.51% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Daniel T. London sold 637 shares of Accenture stock in a transaction on Friday, October 6th. The shares were sold at an average price of $136.03, for a total value of $86,651.11. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Richard Lumb sold 2,200 shares of Accenture stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $135.06, for a total transaction of $297,132.00. Following the completion of the transaction, the insider now owns 118,085 shares in the company, valued at $15,948,560.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,325 shares of company stock worth $11,479,125. 0.21% of the stock is currently owned by insiders.

Accenture PLC (NYSE:ACN) opened at $150.53 on Friday. Accenture PLC has a 1 year low of $112.31 and a 1 year high of $150.59. The firm has a market cap of $98,069.77, a price-to-earnings ratio of 25.14, a P/E/G ratio of 2.20 and a beta of 1.08.

Accenture (NYSE:ACN) last posted its quarterly earnings data 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 net margin of 9.37% and a return on equity of 42.65%. The firm had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same period last year, the firm posted $1.31 EPS. Accenture’s quarterly revenue was up 7.8% on a year-over-year basis. analysts expect that Accenture PLC will post 6.54 EPS for the current year.

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

A number of brokerages have recently issued reports on ACN. Robert W. Baird restated a “hold” rating and set a $155.00 target price on shares of Accenture in a research report on Thursday. Cantor Fitzgerald restated a “buy” rating and set a $135.00 target price on shares of Accenture in a research report on Thursday, September 28th. KeyCorp restated a “buy” rating and set a $149.00 target price on shares of Accenture in a research report on Thursday, September 28th. BMO Capital Markets raised their target price on shares of Accenture from $130.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, September 29th. Finally, Wells Fargo & Company raised their target price on shares of Accenture from $147.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, September 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $144.38.

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About Accenture

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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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