GAM Holding AG Increases Stake in Accenture Plc (ACN)

GAM Holding AG grew its position in Accenture Plc (NYSE:ACN) by 20.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 7,589 shares of the information technology services provider’s stock after acquiring an additional 1,281 shares during the period. GAM Holding AG’s holdings in Accenture were worth $1,291,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Windsor Group LTD raised its position in Accenture by 5.3% during the 3rd quarter. Windsor Group LTD now owns 6,121 shares of the information technology services provider’s stock worth $1,042,000 after purchasing an additional 307 shares during the last quarter. Capital Analysts LLC raised its position in Accenture by 4.0% during the 3rd quarter. Capital Analysts LLC now owns 8,021 shares of the information technology services provider’s stock worth $1,365,000 after purchasing an additional 307 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Accenture by 48.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,010 shares of the information technology services provider’s stock worth $162,000 after purchasing an additional 329 shares during the last quarter. M Holdings Securities Inc. raised its position in Accenture by 4.6% during the 2nd quarter. M Holdings Securities Inc. now owns 7,453 shares of the information technology services provider’s stock worth $1,219,000 after purchasing an additional 330 shares during the last quarter. Finally, Telemus Capital LLC raised its position in Accenture by 0.8% during the 3rd quarter. Telemus Capital LLC now owns 43,240 shares of the information technology services provider’s stock worth $7,359,000 after purchasing an additional 340 shares during the last quarter. Institutional investors own 70.71% of the company’s stock.

Shares of ACN opened at $159.25 on Friday. The stock has a market capitalization of $109.08 billion, a PE ratio of 23.63, a PEG ratio of 2.21 and a beta of 1.01. Accenture Plc has a one year low of $146.05 and a one year high of $175.64.

Accenture (NYSE:ACN) last issued its earnings results on Thursday, September 27th. The information technology services provider reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.02. The company had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $10.01 billion. Accenture had a return on equity of 41.92% and a net margin of 9.76%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the business posted $1.48 EPS. Analysts anticipate that Accenture Plc will post 7.21 earnings per share for the current year.

The company also recently announced a semiannual dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, October 18th were paid a $1.46 dividend. The ex-dividend date was 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 currently 43.32%.

Several brokerages recently issued reports on ACN. Zacks Investment Research raised Accenture from a “sell” rating to a “hold” rating in a research report on Tuesday. Moffett Nathanson assumed coverage on Accenture in a research report on Thursday, October 4th. They issued a “buy” rating and a $200.00 price objective for the company. SunTrust Banks lifted their price objective on Accenture to $178.00 and gave the stock a “hold” rating in a research report on Monday, October 1st. Argus reissued a “buy” rating on shares of Accenture in a research report on Monday, October 1st. Finally, BMO Capital Markets lifted their price objective on Accenture to $180.00 and gave the stock a “market perform” rating in a research report on Friday, September 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $177.02.

In other news, COO Johan Deblaere sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $173.43, for a total value of $867,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Pierre Nanterme sold 30,117 shares of the firm’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $173.45, for a total value of $5,223,793.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,717 shares of company stock valued at $13,041,890. 0.21% of the stock is currently owned by company insiders.

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Accenture 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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