Linscomb & Williams Inc. Acquires 746 Shares of Accenture PLC (ACN)

Linscomb & Williams Inc. boosted its holdings in shares of Accenture PLC (NYSE:ACN) by 3.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,587 shares of the information technology services provider’s stock after buying an additional 746 shares during the quarter. Linscomb & Williams Inc.’s holdings in Accenture PLC were worth $3,041,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ACN. Flagship Harbor Advisors LLC increased its holdings in shares of Accenture PLC by 0.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock valued at $362,000 after purchasing an additional 12 shares in the last quarter. Glenview Trust Co increased its holdings in shares of Accenture PLC by 0.3% during the 1st quarter. Glenview Trust Co now owns 4,935 shares of the information technology services provider’s stock valued at $591,000 after purchasing an additional 15 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in shares of Accenture PLC by 0.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock valued at $287,000 after purchasing an additional 20 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Accenture PLC by 1.4% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock valued at $223,000 after purchasing an additional 24 shares in the last quarter. Finally, Bank of The Ozarks increased its holdings in shares of Accenture PLC by 0.7% during the 1st quarter. Bank of The Ozarks now owns 3,490 shares of the information technology services provider’s stock valued at $418,000 after purchasing an additional 25 shares in the last quarter. 77.68% of the stock is owned by institutional investors.

In other Accenture PLC news, insider Daniel T. London sold 3,087 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $140.05, for a total value of $432,334.35. Following the sale, the insider now owns 21,241 shares of the company’s stock, valued at $2,974,802.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 directly owns 179,083 shares in the company, valued at approximately $24,181,577.49. The disclosure for this sale can be found here. Insiders sold 66,990 shares of company stock worth $9,053,667 in the last three months. 0.21% of the stock is owned by corporate insiders.

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Several research firms have recently weighed in on ACN. Cowen and Company reaffirmed a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a report on Friday, July 28th. Berenberg Bank reaffirmed a “buy” rating and set a $160.00 target price on shares of Accenture PLC in a report on Thursday, September 21st. Societe Generale lowered shares of Accenture PLC from a “buy” rating to a “hold” rating and set a $144.00 target price for the company. in a report on Thursday, September 28th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $144.00 target price on shares of Accenture PLC in a report on Tuesday, October 3rd. Finally, BidaskClub lowered shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $141.84.

Shares of Accenture PLC (ACN) opened at 143.28 on Friday. The firm has a market cap of $88.48 billion, a PE ratio of 26.33 and a beta of 1.08. Accenture PLC has a 52 week low of $112.31 and a 52 week high of $143.61. The firm’s 50-day moving average is $137.37 and its 200 day moving average is $128.16.

Accenture PLC (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. Accenture PLC’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.31 earnings per share. Equities research analysts forecast that Accenture PLC will post $6.56 EPS for the current year.

The company also recently announced 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. This represents a yield of 1.97%. The ex-dividend date is Wednesday, October 18th. Accenture PLC’s dividend payout ratio (DPR) is 48.90%.

About Accenture PLC

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 PLC (NYSE:ACN)

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