Douglas Lane & Associates LLC reduced its stake in shares of Accenture PLC (NYSE:ACN) by 7.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,579 shares of the information technology services provider’s stock after selling 9,884 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Accenture PLC were worth $15,881,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Flagship Harbor Advisors LLC boosted its stake 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 worth $362,000 after purchasing an additional 12 shares in the last quarter. Glenview Trust Co raised its position in Accenture PLC by 0.3% in the 1st quarter. Glenview Trust Co now owns 4,935 shares of the information technology services provider’s stock worth $591,000 after buying an additional 15 shares during the last quarter. AlphaMark Advisors LLC raised its position 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 worth $287,000 after buying an additional 20 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position 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 worth $223,000 after buying an additional 24 shares during the last quarter. Finally, Bank of The Ozarks raised its position in Accenture PLC by 0.7% in the 1st quarter. Bank of The Ozarks now owns 3,490 shares of the information technology services provider’s stock worth $418,000 after buying an additional 25 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on ACN. Pivotal Research began coverage on shares of Accenture PLC in a research report on Wednesday, November 8th. They set a “buy” rating and a $165.00 price target for the company. Stifel Nicolaus reissued a “buy” rating and issued a $150.00 target price on shares of Accenture PLC in a report on Friday, November 3rd. KeyCorp reissued a “buy” rating and issued a $149.00 target price on shares of Accenture PLC in a report on Sunday, October 29th. Cowen and Company set a $150.00 price target on Accenture PLC and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and issued a $144.00 price target on shares of Accenture PLC in a research note on Tuesday, October 3rd. 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 assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $142.89.
Shares of Accenture PLC (NYSE:ACN) traded up $1.04 during mid-day trading on Wednesday, reaching $144.96. The company had a trading volume of 1,811,800 shares, compared to its average volume of 2,140,569. The stock has a market capitalization of $94,981.16, a PE ratio of 24.35, a P/E/G ratio of 2.13 and a beta of 1.08. Accenture PLC has a 52 week low of $112.31 and a 52 week high of $145.50.
Accenture PLC (NYSE:ACN) last posted 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 return on equity of 42.65% and a net margin of 9.37%. The business had revenue of $9.15 billion during the quarter, compared to analysts’ expectations of $9.01 billion. During the same period in the previous year, the business earned $1.31 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. equities analysts predict that Accenture PLC will post 6.54 EPS for the current fiscal year.
The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be given a dividend of $1.33 per share. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s payout ratio is 48.90%.
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In other Accenture PLC news, insider Daniel T. London sold 637 shares of the business’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $136.03, for a total transaction of $86,651.11. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO David Rowland sold 3,702 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $135.04, for a total value of $499,918.08. Following the transaction, the chief financial officer now directly owns 9,864 shares in the company, valued at approximately $1,332,034.56. The disclosure for this sale can be found here. Insiders have sold 83,325 shares of company stock valued at $11,479,125 over the last quarter. 0.21% of the stock is owned by company insiders.
Accenture PLC 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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