Accenture PLC (ACN) Position Lifted by National Asset Management Inc.

National Asset Management Inc. increased its position in shares of Accenture PLC (NYSE:ACN) by 13.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,356 shares of the information technology services provider’s stock after acquiring an additional 1,115 shares during the quarter. National Asset Management Inc.’s holdings in Accenture PLC were worth $1,160,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its stake in shares of Accenture PLC by 18.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 473,257 shares of the information technology services provider’s stock worth $58,532,000 after acquiring an additional 75,100 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Accenture PLC by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,087,814 shares of the information technology services provider’s stock valued at $258,221,000 after purchasing an additional 97,760 shares in the last quarter. Retirement Systems of Alabama increased its stake in Accenture PLC by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 340,128 shares of the information technology services provider’s stock valued at $42,067,000 after purchasing an additional 916 shares in the last quarter. Vigilant Capital Management LLC increased its stake in Accenture PLC by 1.8% during the 2nd quarter. Vigilant Capital Management LLC now owns 101,619 shares of the information technology services provider’s stock valued at $12,568,000 after purchasing an additional 1,780 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in Accenture PLC by 2.3% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 35,664 shares of the information technology services provider’s stock valued at $4,411,000 after purchasing an additional 795 shares in the last quarter. Hedge funds and other institutional investors own 77.82% of the company’s stock.

In other Accenture PLC news, CEO Pierre Nanterme sold 38,589 shares of the business’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 transaction, the chief executive officer now directly owns 179,083 shares of the company’s stock, valued at approximately $24,181,577.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gianfranco Casati sold 5,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $130.00, for a total transaction of $650,000.00. Following the completion of the transaction, the insider now directly owns 56,014 shares in the company, valued at $7,281,820. The disclosure for this sale can be found here. Insiders sold a total of 66,990 shares of company stock worth $9,053,667 over the last three months. 0.21% of the stock is currently owned by corporate insiders.

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Shares of Accenture PLC (NYSE:ACN) opened at 143.28 on Monday. Accenture PLC has a one year low of $112.31 and a one year high of $143.61. The company’s 50-day moving average is $137.37 and its 200-day moving average is $128.16. The stock has a market capitalization of $88.48 billion, a P/E ratio of 26.33 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to analysts’ expectations 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 was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 EPS. On average, equities research analysts anticipate that Accenture PLC will post $6.56 earnings per share for the current year.

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

A number of research analysts have issued reports on ACN shares. Bank of America Corporation started coverage on shares of Accenture PLC in a research note on Tuesday, September 12th. They set a “buy” rating and a $150.00 price target on the stock. Stifel Nicolaus upped their price target on shares of Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Wednesday, September 6th. BidaskClub lowered shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Cowen and Company restated a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a research note on Friday, July 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has issued 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.

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.

Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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