Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. continued to hold its stake in Accenture PLC (NYSE:ACN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,800 shares of the information technology services provider’s stock at the close of the 2nd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P.’s holdings in Accenture PLC were worth $470,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in ACN. Waldron LP boosted its holdings in shares of Accenture PLC by 93.3% in the 1st quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock valued at $684,000 after buying an additional 2,756 shares in the last quarter. Karp Capital Management Corp boosted its holdings in shares of Accenture PLC by 1,986.6% in the 1st quarter. Karp Capital Management Corp now owns 424,153 shares of the information technology services provider’s stock valued at $50,847,000 after buying an additional 403,826 shares in the last quarter. First Foundation Advisors boosted its holdings in shares of Accenture PLC by 0.6% in the 1st quarter. First Foundation Advisors now owns 4,683 shares of the information technology services provider’s stock valued at $561,000 after buying an additional 27 shares in the last quarter. Capital Analysts LLC boosted its holdings in shares of Accenture PLC by 11.7% in the 1st quarter. Capital Analysts LLC now owns 6,610 shares of the information technology services provider’s stock valued at $792,000 after buying an additional 693 shares in the last quarter. Finally, Ardevora Asset Management LLP boosted its holdings in shares of Accenture PLC by 3.7% in the 1st quarter. Ardevora Asset Management LLP now owns 181,300 shares of the information technology services provider’s stock valued at $21,734,000 after buying an additional 6,500 shares in the last quarter. 77.73% of the stock is currently owned by institutional investors.
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Several research analysts have recently issued reports on ACN shares. Stifel Nicolaus restated a “buy” rating and issued a $150.00 target price on shares of Accenture PLC in a report on Sunday, October 1st. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Wednesday, September 6th. Barclays PLC increased their price target on shares of Accenture PLC from $124.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 27th. Morgan Stanley increased their price target on shares of Accenture PLC from $132.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Friday, September 22nd. Finally, BMO Capital Markets reiterated a “hold” rating and set a $130.00 price target (up previously from $125.00) on shares of Accenture PLC in a research note on Thursday, June 22nd. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen 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 $141.84.
In other news, CEO Pierre Nanterme sold 38,589 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $135.03, for a total value of $5,210,672.67. Following the transaction, the chief executive officer now owns 179,083 shares in the company, valued at approximately $24,181,577.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $127.51, for a total value of $280,522.00. Following the completion of the transaction, the insider now owns 119,942 shares in the company, valued at approximately $15,293,804.42. The disclosure for this sale can be found here. Insiders sold a total of 66,310 shares of company stock worth $8,854,197 in the last quarter. 0.21% of the stock is owned by corporate insiders.
Shares of 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 firm has a market capitalization of $85.96 billion, a PE ratio of 25.58 and a beta of 1.08. The firm’s 50 day moving average is $134.60 and its 200 day moving average is $126.52.
Accenture PLC (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The firm had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.31 EPS. Analysts anticipate that Accenture PLC will post $6.56 EPS for the current fiscal year.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders 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 dividend yield of 1.97%. Accenture PLC’s dividend payout ratio is 44.49%.
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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