Mn Services Vermogensbeheer B.V. grew its holdings in shares of Accenture Plc (NYSE:ACN) by 5.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,204 shares of the information technology services provider’s stock after purchasing an additional 5,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Accenture were worth $17,565,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of ACN. WP Advisors LLC bought a new position in Accenture during the second quarter worth about $106,000. MUFG Securities EMEA plc purchased a new stake in shares of Accenture in the second quarter worth about $118,000. Fort L.P. purchased a new stake in shares of Accenture in the second quarter worth about $124,000. Valeo Financial Advisors LLC lifted its holdings in shares of Accenture by 48.3% in the second quarter. Valeo Financial Advisors LLC now owns 1,010 shares of the information technology services provider’s stock worth $162,000 after buying an additional 329 shares in the last quarter. Finally, Charter Trust Co. purchased a new stake in shares of Accenture in the second quarter worth about $204,000. Hedge funds and other institutional investors own 70.27% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Citigroup increased their price target on shares of Accenture from $163.00 to $172.00 and gave the stock a “neutral” rating in a report on Tuesday, September 18th. Moffett Nathanson assumed coverage on shares of Accenture in a report on Thursday, October 4th. They issued a “buy” rating and a $200.00 price target on the stock. Wolfe Research assumed coverage on shares of Accenture in a report on Tuesday, July 17th. They issued an “underperform” rating on the stock. Zacks Investment Research raised shares of Accenture from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. Finally, Deutsche Bank increased their price target on shares of Accenture from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, September 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. Accenture has a consensus rating of “Buy” and an average target price of $176.37.
In other news, insider Gianfranco Casati sold 18,258 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 49,476 shares in the company, valued at $7,826,608.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Richard Lumb sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $160.86, for a total transaction of $321,720.00. Following the completion of the transaction, the insider now owns 117,807 shares in the company, valued at approximately $18,950,434.02. The disclosure for this sale can be found here. Insiders have sold 76,373 shares of company stock worth $12,661,550 over the last three months. Insiders own 0.21% of the company’s stock.
Shares of ACN opened at $159.42 on Wednesday. The company has a market capitalization of $104.55 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.11 and a beta of 1.01. Accenture Plc has a 1-year low of $142.70 and a 1-year high of $175.64.
Accenture (NYSE:ACN) last announced 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. The business had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $10.01 billion. Accenture had a net margin of 9.76% and a return on equity of 41.92%. Accenture’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the firm posted $1.48 earnings per share. As a group, equities analysts anticipate that Accenture Plc will post 7.21 EPS for the current fiscal year.
The firm also recently declared a semiannual dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, October 18th will be paid a dividend of $1.46 per share. The ex-dividend date of this dividend is Wednesday, October 17th. This is an increase from Accenture’s previous semiannual dividend of $1.21. This represents a dividend yield of 1.68%. Accenture’s dividend payout ratio (DPR) is 43.32%.
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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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