WASHINGTON TRUST Co Trims Stake in Accenture PLC (ACN)

WASHINGTON TRUST Co trimmed its stake in shares of Accenture PLC (NYSE:ACN) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,660 shares of the company’s stock after selling 1,178 shares during the period. WASHINGTON TRUST Co’s holdings in Accenture PLC were worth $14,676,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ACN. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Accenture PLC by 3.9% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,777 shares of the company’s stock worth $213,000 after purchasing an additional 67 shares in the last quarter. Westpac Banking Corp lifted its position in shares of Accenture PLC by 3.1% during the first quarter. Westpac Banking Corp now owns 1,615,052 shares of the company’s stock worth $201,869,000 after purchasing an additional 48,565 shares in the last quarter. Alley Co LLC lifted its position in shares of Accenture PLC by 9.3% during the first quarter. Alley Co LLC now owns 46,912 shares of the company’s stock worth $5,624,000 after purchasing an additional 4,000 shares in the last quarter. Comerica Securities Inc. lifted its position in shares of Accenture PLC by 5.5% during the first quarter. Comerica Securities Inc. now owns 8,937 shares of the company’s stock worth $1,071,000 after purchasing an additional 468 shares in the last quarter. Finally, Gould Asset Management LLC CA acquired a new position in shares of Accenture PLC during the first quarter worth approximately $201,000. Institutional investors own 77.73% of the company’s stock.

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In other Accenture PLC news, insider Richard P. Clark sold 3,155 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of C$143.01, for a total value of C$451,196.55. Following the completion of the sale, the insider now owns 5,533 shares in the company, valued at C$791,274.33. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel T. London sold 637 shares of the stock in a transaction on Friday, October 6th. The shares were sold at an average price of C$136.03, for a total transaction of C$86,651.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,325 shares of company stock valued at $11,479,125. Corporate insiders own 0.21% of the company’s stock.

Shares of Accenture PLC (NYSE ACN) opened at C$143.89 on Monday. The company has a market cap of $94,961.36, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08. Accenture PLC has a 12 month low of C$112.31 and a 12 month high of C$145.00.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 28th. The company reported C$1.48 EPS for the quarter, beating analysts’ consensus estimates of C$1.47 by C$0.01. The firm had revenue of C$9.15 billion during the quarter, compared to analysts’ expectations of C$9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 earnings per share. equities research analysts expect that Accenture PLC will post 6.54 earnings per share for the current fiscal year.

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

ACN has been the topic of several analyst reports. Cowen and Company set a $150.00 price objective on shares of Accenture PLC and gave the company a “buy” rating in a report on Monday, October 23rd. Stifel Nicolaus restated a “buy” rating and issued a $150.00 price objective on shares of Accenture PLC in a report on Sunday, October 1st. Barclays PLC increased their price objective on shares of Accenture PLC from $124.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, September 27th. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a report on Wednesday, September 6th. Finally, Morgan Stanley increased their price objective on shares of Accenture PLC from $132.00 to $140.00 and gave the company an “equal weight” rating in a report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Accenture PLC presently has a consensus rating of “Buy” and an average price target of C$142.89.

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.

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

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