Fisher Asset Management LLC trimmed its stake in shares of Accenture Plc (NYSE:ACN) by 31.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,726 shares of the information technology services provider’s stock after selling 2,147 shares during the quarter. Fisher Asset Management LLC’s holdings in Accenture were worth $804,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia grew its position in Accenture by 4.7% during the second quarter. Commonwealth Bank of Australia now owns 52,871 shares of the information technology services provider’s stock worth $8,644,000 after buying an additional 2,364 shares in the last quarter. Zurich Insurance Group Ltd FI grew its position in Accenture by 17.0% during the second quarter. Zurich Insurance Group Ltd FI now owns 134,458 shares of the information technology services provider’s stock worth $21,996,000 after buying an additional 19,496 shares in the last quarter. Janus Henderson Group PLC grew its position in Accenture by 13.6% during the second quarter. Janus Henderson Group PLC now owns 3,887,804 shares of the information technology services provider’s stock worth $636,010,000 after buying an additional 466,745 shares in the last quarter. HM Payson & Co. grew its position in Accenture by 2.5% during the second quarter. HM Payson & Co. now owns 235,334 shares of the information technology services provider’s stock worth $38,498,000 after buying an additional 5,679 shares in the last quarter. Finally, Hexavest Inc. purchased a new position in Accenture during the third quarter worth about $60,851,000. Institutional investors own 70.37% of the company’s stock.
In other news, CEO Pierre Nanterme sold 30,117 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $173.45, for a total value of $5,223,793.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gianfranco Casati sold 18,258 shares of the business’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $158.19, for a total value of $2,888,233.02. Following the completion of the sale, the insider now directly owns 49,476 shares of the company’s stock, valued at approximately $7,826,608.44. The disclosure for this sale can be found here. In the last three months, insiders sold 79,862 shares of company stock valued at $13,221,124. 0.21% of the stock is currently owned by corporate insiders.
ACN opened at $157.39 on Friday. Accenture Plc has a 12-month low of $142.29 and a 12-month high of $175.64. The stock has a market capitalization of $104.55 billion, a PE ratio of 23.35, a PEG ratio of 2.11 and a beta of 1.01.
Accenture (NYSE:ACN) last released its earnings results on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.02. Accenture had a return on equity of 41.92% and a net margin of 9.76%. The company had revenue of $10.15 billion during the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the previous year, the company posted $1.48 EPS. Accenture’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, research analysts anticipate that Accenture Plc will post 7.21 earnings per share for the current fiscal year.
The business also recently announced a semiannual dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, October 18th will be paid a $1.46 dividend. This represents a dividend yield of 1.68%. The ex-dividend date of this dividend is Wednesday, October 17th. This is a positive change from Accenture’s previous semiannual dividend of $1.21. Accenture’s payout ratio is 43.32%.
Several equities analysts recently commented on the company. Deutsche Bank boosted their target price on Accenture from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, September 20th. SunTrust Banks boosted their target price on Accenture to $178.00 and gave the stock a “hold” rating in a research report on Monday, October 1st. Zacks Investment Research upgraded Accenture from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Moffett Nathanson began coverage on Accenture in a research report on Thursday, October 4th. They set a “buy” rating and a $200.00 target price for the company. Finally, UBS Group set a $180.00 price objective on Accenture and gave the stock a “hold” rating in a report on Wednesday, September 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $176.37.
Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.
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