Accenture PLC (ACN) Position Boosted by Brookstone Capital Management

Brookstone Capital Management boosted its stake in Accenture PLC (NYSE:ACN) by 16.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,810 shares of the information technology services provider’s stock after buying an additional 406 shares during the period. Brookstone Capital Management’s holdings in Accenture PLC were worth $380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Flagship Harbor Advisors LLC lifted its holdings in Accenture PLC by 0.4% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock valued at $362,000 after acquiring an additional 12 shares during the last quarter. AlphaMark Advisors LLC lifted its holdings in Accenture PLC by 0.9% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock valued at $287,000 after acquiring an additional 20 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in Accenture PLC by 1.4% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock valued at $223,000 after acquiring an additional 24 shares during the last quarter. Boston Financial Mangement LLC lifted its holdings in Accenture PLC by 0.5% in the 1st quarter. Boston Financial Mangement LLC now owns 5,469 shares of the information technology services provider’s stock valued at $656,000 after acquiring an additional 28 shares during the last quarter. Finally, Guardian Life Insurance Co. of America lifted its holdings in Accenture PLC by 1.2% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,405 shares of the information technology services provider’s stock valued at $288,000 after acquiring an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

A number of analysts have commented on ACN shares. Pivotal Research started coverage on shares of Accenture PLC in a research note on Wednesday, November 8th. They set a “buy” rating and a $165.00 price objective for the company. Cantor Fitzgerald reaffirmed a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a research note on Thursday, September 28th. KeyCorp reaffirmed a “buy” rating and set a $149.00 price objective on shares of Accenture PLC in a research note on Thursday, September 28th. BMO Capital Markets upped their price objective on shares of Accenture PLC from $130.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, September 29th. Finally, Wells Fargo & Company upped their price objective on shares of Accenture PLC from $147.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $142.89.

In other Accenture PLC news, COO Johan Deblaere sold 5,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.05, for a total transaction of $675,250.00. Following the transaction, the chief operating officer now owns 120,817 shares in the company, valued at $16,316,335.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Pierre Nanterme sold 38,589 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.03, for a total value of $5,210,672.67. Following the transaction, the chief executive officer now owns 179,083 shares in the company, valued at approximately $24,181,577.49. 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.

TRADEMARK VIOLATION NOTICE: This article was originally reported by Stock Observer and is the sole property of of Stock Observer. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://www.thestockobserver.com/2017/11/14/accenture-plc-acn-position-boosted-by-brookstone-capital-management.html.

Accenture PLC (ACN) opened at $143.92 on Tuesday. Accenture PLC has a twelve month low of $112.31 and a twelve month high of $145.00. The company has a market capitalization of $94,961.36, a P/E ratio of 24.35, a P/E/G ratio of 2.13 and a beta of 1.08.

Accenture PLC (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 PLC 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 business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be issued a dividend of $1.33 per share. The ex-dividend date is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s dividend payout ratio (DPR) is presently 48.90%.

Accenture PLC Company Profile

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.

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN).

Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

Receive News & Ratings for Accenture PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply