Northwestern Mutual Wealth Management Co. Has $25.98 Million Stake in Accenture Plc (ACN)

Northwestern Mutual Wealth Management Co. cut its position in Accenture Plc (NYSE:ACN) by 13.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 152,680 shares of the information technology services provider’s stock after selling 24,010 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Accenture were worth $25,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in ACN. Windsor Group LTD grew its stake in Accenture by 5.3% during the third quarter. Windsor Group LTD now owns 6,121 shares of the information technology services provider’s stock valued at $1,042,000 after acquiring an additional 307 shares in the last quarter. Boston Advisors LLC grew its stake in Accenture by 0.9% during the second quarter. Boston Advisors LLC now owns 33,207 shares of the information technology services provider’s stock valued at $5,432,000 after acquiring an additional 312 shares in the last quarter. Valeo Financial Advisors LLC grew its stake in Accenture by 48.3% during the second quarter. Valeo Financial Advisors LLC now owns 1,010 shares of the information technology services provider’s stock valued at $162,000 after acquiring an additional 329 shares in the last quarter. M Holdings Securities Inc. grew its stake in Accenture by 4.6% during the second quarter. M Holdings Securities Inc. now owns 7,453 shares of the information technology services provider’s stock valued at $1,219,000 after acquiring an additional 330 shares in the last quarter. Finally, Telemus Capital LLC grew its stake in Accenture by 0.8% during the third quarter. Telemus Capital LLC now owns 43,240 shares of the information technology services provider’s stock valued at $7,359,000 after acquiring an additional 340 shares in the last quarter. 70.27% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Arun Sarin sold 1,170 shares of the firm’s stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $171.40, for a total value of $200,538.00. Following the completion of the sale, the director now owns 4,582 shares in the company, valued at approximately $785,354.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gianfranco Casati sold 18,258 shares of the firm’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $158.19, for a total transaction of $2,888,233.02. Following the completion of the sale, the insider now 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. Insiders sold a total of 76,373 shares of company stock valued at $12,661,550 in the last 90 days. Company insiders own 0.21% of the company’s stock.

Several research firms have commented on ACN. Deutsche Bank increased their price objective on shares of Accenture from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, September 20th. SunTrust Banks increased their price objective on shares of Accenture to $178.00 and gave the company a “hold” rating in a research report on Monday, October 1st. Zacks Investment Research upgraded shares of Accenture from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Moffett Nathanson began coverage on shares of Accenture in a research report on Thursday, October 4th. They set a “buy” rating and a $200.00 price objective for the company. Finally, UBS Group set a $180.00 price objective on shares of Accenture and gave the company a “hold” rating in a research report on Wednesday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $176.37.

Accenture stock opened at $157.39 on Monday. 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 Plc has a 12-month low of $142.29 and a 12-month high of $175.64.

Accenture (NYSE:ACN) last released its earnings results on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.02. The firm had revenue of $10.15 billion during the quarter, compared to analyst estimates of $10.01 billion. Accenture had a net margin of 9.76% and a return on equity of 41.92%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business earned $1.48 EPS. On average, research analysts expect that Accenture Plc will post 7.21 earnings per share for the current fiscal year.

The company also recently announced a semiannual dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, October 18th will be issued 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 dividend payout ratio (DPR) is 43.32%.

Accenture Company Profile

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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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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