Findlay Park Partners LLP boosted its position in Accenture PLC (NYSE:ACN) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,352,829 shares of the information technology services provider’s stock after purchasing an additional 271,289 shares during the period. Accenture PLC comprises approximately 4.2% of Findlay Park Partners LLP’s portfolio, making the stock its 2nd biggest holding. Findlay Park Partners LLP owned 0.54% of Accenture PLC worth $414,678,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. purchased a new position in Accenture PLC in the second quarter valued at approximately $533,000. TCI Wealth Advisors Inc. lifted its stake in Accenture PLC by 23.4% in the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after purchasing an additional 162 shares during the last quarter. Bellwether Investment Group LLC lifted its stake in Accenture PLC by 64.2% in the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after purchasing an additional 359 shares during the last quarter. Manchester Capital Management LLC lifted its stake in Accenture PLC by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Accenture PLC by 2.0% in the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.
In other Accenture PLC news, insider Daniel T. London sold 637 shares of Accenture PLC stock in a transaction on Friday, October 6th. The shares were sold at an average price of $136.03, for a total value of $86,651.11. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel T. London sold 4,808 shares of Accenture PLC stock in a transaction on Monday, July 24th. The shares were sold at an average price of $128.05, for a total transaction of $615,664.40. Following the completion of the sale, the insider now owns 22,681 shares in the company, valued at $2,904,302.05. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,310 shares of company stock worth $8,854,197. 0.21% of the stock is currently owned by insiders.
Accenture PLC (NYSE:ACN) opened at 139.20 on Friday. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $139.65. The company has a 50-day moving average price of $134.60 and a 200-day moving average price of $126.52. The company has a market cap of $85.96 billion, a PE ratio of 25.58 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. Accenture PLC’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.31 EPS. On average, analysts expect that Accenture PLC will post $6.56 EPS for the current fiscal year.
The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be issued a $1.33 dividend. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s dividend payout ratio is currently 44.49%.
ACN has been the topic of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 price objective on shares of Accenture PLC in a research note on Sunday, October 1st. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Wednesday, September 6th. Barclays PLC upped their price objective on Accenture PLC from $124.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 27th. Morgan Stanley upped their price objective on Accenture PLC from $132.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, September 22nd. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $130.00 price objective (up previously from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $141.84.
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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