Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Accenture PLC (NYSE:ACN) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,304 shares of the information technology services provider’s stock after acquiring an additional 882 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Accenture PLC were worth $13,818,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Eagle Ridge Investment Management purchased a new stake in shares of Accenture PLC in the 3rd quarter valued at approximately $359,000. Canada Pension Plan Investment Board grew its stake in shares of Accenture PLC by 18.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 473,257 shares of the information technology services provider’s stock valued at $58,532,000 after buying an additional 75,100 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Accenture PLC by 4.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,087,814 shares of the information technology services provider’s stock valued at $258,221,000 after buying an additional 97,760 shares during the period. Retirement Systems of Alabama grew its stake in shares of Accenture PLC by 0.3% in the 2nd quarter. Retirement Systems of Alabama now owns 340,128 shares of the information technology services provider’s stock valued at $42,067,000 after buying an additional 916 shares during the period. Finally, Koch Industries Inc. grew its stake in shares of Accenture PLC by 18,227.9% in the 2nd quarter. Koch Industries Inc. now owns 329,903 shares of the information technology services provider’s stock valued at $327,000 after buying an additional 328,103 shares during the period. 77.73% of the stock is owned by institutional investors.
Several analysts have recently weighed in on the stock. Pivotal Research assumed coverage on shares of Accenture PLC in a research note on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price target for the company. Cantor Fitzgerald reissued a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research note on Thursday, September 28th. KeyCorp reissued a “buy” rating and issued a $149.00 price target on shares of Accenture PLC in a research note on Thursday, September 28th. BMO Capital Markets increased their price target 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 increased their price target 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 equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $142.89.
Shares of Accenture PLC (ACN) opened at $143.92 on Tuesday. The stock has a market cap of $94,961.36, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08. Accenture PLC has a fifty-two week low of $112.31 and a fifty-two week high of $145.00.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.01. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The company had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same period in the prior year, the firm posted $1.31 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. research analysts expect that Accenture PLC will post 6.54 EPS for the current year.
The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be given a $1.33 dividend. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s dividend payout ratio is presently 48.90%.
In other Accenture PLC news, insider Gianfranco Casati sold 20,380 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $142.72, for a total value of $2,908,633.60. Following the sale, the insider now directly owns 51,014 shares of the company’s stock, valued at approximately $7,280,718.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel T. London sold 637 shares of the stock in a transaction that occurred on Friday, October 6th. The shares were sold at an average price of $136.03, for a total transaction of $86,651.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,325 shares of company stock worth $11,479,125. Insiders own 0.21% of the company’s stock.
About Accenture PLC
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.
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