Park Avenue Securities LLC lifted its holdings in shares of Accenture Plc (NYSE:ACN) by 12.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,847 shares of the information technology services provider’s stock after acquiring an additional 1,712 shares during the quarter. Park Avenue Securities LLC’s holdings in Accenture were worth $3,048,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. First Trust Advisors LP lifted its holdings in Accenture by 1.8% in the 1st quarter. First Trust Advisors LP now owns 444,168 shares of the information technology services provider’s stock worth $78,182,000 after buying an additional 7,893 shares in the last quarter. Weaver Consulting Group acquired a new stake in shares of Accenture in the 1st quarter valued at about $39,000. Thomasville National Bank acquired a new stake in shares of Accenture in the 2nd quarter valued at about $208,000. Private Trust Co. NA raised its stake in shares of Accenture by 1.6% in the 2nd quarter. Private Trust Co. NA now owns 3,642 shares of the information technology services provider’s stock valued at $672,000 after purchasing an additional 57 shares in the last quarter. Finally, Swedbank raised its stake in shares of Accenture by 3.6% in the 2nd quarter. Swedbank now owns 1,059,266 shares of the information technology services provider’s stock valued at $195,721,000 after purchasing an additional 36,428 shares in the last quarter. Institutional investors and hedge funds own 69.98% of the company’s stock.
ACN has been the topic of a number of recent analyst reports. Barclays initiated coverage on shares of Accenture in a research note on Friday, September 20th. They issued an “overweight” rating and a $228.00 target price on the stock. Zacks Investment Research lowered shares of Accenture from a “hold” rating to a “sell” rating and set a $214.00 target price on the stock. in a research note on Monday, September 9th. Stifel Nicolaus set a $203.00 target price on shares of Accenture and gave the company a “buy” rating in a research note on Thursday, September 26th. Argus upped their target price on shares of Accenture to $220.00 and gave the company a “buy” rating in a research note on Monday, July 15th. Finally, KeyCorp set a $208.00 target price on shares of Accenture and gave the company a “buy” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Accenture currently has an average rating of “Buy” and an average price target of $203.25.
In other news, insider Ellyn Shook sold 4,688 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $183.65, for a total value of $860,951.20. Following the completion of the sale, the insider now directly owns 27,271 shares of the company’s stock, valued at approximately $5,008,319.15. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Joel Unruch sold 804 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $186.68, for a total transaction of $150,090.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,014 shares of company stock valued at $6,859,750. 0.18% of the stock is owned by insiders.
Shares of NYSE:ACN traded up $0.61 during trading on Friday, reaching $189.70. 1,255,713 shares of the company’s stock traded hands, compared to its average volume of 1,885,322. Accenture Plc has a 12 month low of $132.63 and a 12 month high of $202.80. The stock has a market capitalization of $125.58 billion, a P/E ratio of 25.77, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a 50 day moving average of $187.48 and a 200-day moving average of $187.54.
Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 26th. The information technology services provider reported $1.74 EPS for the quarter, topping the consensus estimate of $1.71 by $0.03. Accenture had a net margin of 11.06% and a return on equity of 34.30%. The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.07 billion. During the same quarter in the prior year, the firm earned $1.58 EPS. Accenture’s quarterly revenue was up 5.3% on a year-over-year basis. On average, research analysts anticipate that Accenture Plc will post 7.78 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 17th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, October 16th. Accenture’s dividend payout ratio (DPR) is 43.48%.
Accenture Company Profile
Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.
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