Colony Group LLC cut its position in shares of Accenture PLC (NYSE:ACN) by 3.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,964 shares of the information technology services provider’s stock after selling 3,891 shares during the quarter. Colony Group LLC’s holdings in Accenture were worth $13,232,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Accenture in the second quarter worth approximately $533,000. Jacobi Capital Management LLC lifted its position in shares of Accenture by 104.8% in the third quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 372 shares in the last quarter. TCI Wealth Advisors Inc. lifted its position in shares of Accenture by 23.4% in the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after purchasing an additional 162 shares in the last quarter. Manchester Capital Management LLC lifted its position in shares of Accenture by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 60 shares in the last quarter. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of Accenture in the first quarter worth approximately $122,000. 72.51% of the stock is owned by institutional investors.
In other Accenture news, CEO Pierre Nanterme sold 38,589 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the transaction, the chief executive officer now owns 179,083 shares in the company, valued at $24,181,577.49. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Johan Deblaere sold 5,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 83,325 shares of company stock worth $11,479,125. Corporate insiders own 0.21% of the company’s stock.
Accenture PLC (NYSE ACN) opened at $150.69 on Tuesday. Accenture PLC has a twelve month low of $112.31 and a twelve month high of $151.14. The company has a market capitalization of $99,343.48, a P/E ratio of 25.47, a P/E/G ratio of 2.23 and a beta of 1.08.
Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping 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 firm 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 posted $1.31 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. equities research analysts forecast that Accenture PLC will post 6.54 earnings per share for the current fiscal 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 issued 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 is currently 48.90%.
ACN has been the subject of a number of research analyst reports. Deutsche Bank increased their price target on shares of Accenture to $165.00 in a research report on Monday. Bank of America initiated coverage on shares of Accenture in a research report on Tuesday, September 12th. They issued a “buy” rating and a $150.00 price target for the company. Stifel Nicolaus increased their price target on shares of 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 raised shares of Accenture from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Wednesday, September 6th. Finally, KeyCorp reissued a “buy” rating and issued a $135.00 price target on shares of Accenture in a research report on Friday, September 22nd. Two 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 stock. The company presently has an average rating of “Buy” and an average target price of $145.77.
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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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