Zions Bancorporation Sells 2,202 Shares of Accenture PLC (ACN)

Zions Bancorporation decreased its holdings in shares of Accenture PLC (NYSE:ACN) by 27.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 5,859 shares of the information technology services provider’s stock after selling 2,202 shares during the period. Zions Bancorporation’s holdings in Accenture were worth $792,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ACN. Vanguard Group Inc. boosted its position in Accenture by 2.3% in the second quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock valued at $5,994,531,000 after buying an additional 1,088,676 shares during the last quarter. BlackRock Inc. boosted its position in Accenture by 3.0% in the second quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock valued at $5,028,772,000 after buying an additional 1,196,578 shares during the last quarter. Capital Research Global Investors boosted its position in Accenture by 2.2% in the second quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock valued at $3,525,083,000 after buying an additional 605,156 shares during the last quarter. Northern Trust Corp boosted its position in Accenture by 0.8% in the second quarter. Northern Trust Corp now owns 9,476,570 shares of the information technology services provider’s stock valued at $1,172,063,000 after buying an additional 70,740 shares during the last quarter. Finally, Independent Franchise Partners LLP boosted its position in Accenture by 3.7% in the third quarter. Independent Franchise Partners LLP now owns 6,293,362 shares of the information technology services provider’s stock valued at $850,044,000 after buying an additional 222,828 shares during the last quarter. Institutional investors and hedge funds own 72.51% of the company’s stock.

Accenture PLC (NYSE:ACN) opened at $150.53 on Friday. The firm has a market capitalization of $99,343.48, a P/E ratio of 25.47, a PEG ratio of 2.23 and a beta of 1.08. Accenture PLC has a 52 week low of $112.31 and a 52 week high of $150.59.

Accenture (NYSE:ACN) last announced its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture 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 the consensus estimate of $9.01 billion. During the same period in the prior year, the company posted $1.31 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. research analysts predict that Accenture PLC will post 6.54 EPS for the current year.

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

A number of research analysts have issued reports on the company. Robert W. Baird reissued a “hold” rating and issued a $155.00 price target on shares of Accenture in a report on Thursday. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a report on Tuesday, November 28th. Evercore ISI boosted their price target on Accenture from $148.00 to $162.00 and gave the company a “reduce” rating in a report on Thursday, November 16th. Stifel Nicolaus reissued a “buy” rating and issued a $150.00 price target on shares of Accenture in a report on Friday, November 3rd. Finally, Pivotal Research assumed coverage on Accenture in a report on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Accenture has a consensus rating of “Buy” and a consensus price target of $144.38.

In related news, insider Richard Lumb sold 2,200 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $135.06, for a total value of $297,132.00. Following the completion of the transaction, the insider now directly owns 118,085 shares of the company’s stock, valued at approximately $15,948,560.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Pierre Nanterme sold 38,589 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 179,083 shares of the company’s stock, valued at $24,181,577.49. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,325 shares of company stock valued at $11,479,125. 0.21% of the stock is owned by corporate insiders.

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Accenture 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 (NYSE:ACN)

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