Westwood Holdings Group Inc. trimmed its holdings in Accenture PLC (NYSE:ACN) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 666,627 shares of the information technology services provider’s stock after selling 20,916 shares during the period. Westwood Holdings Group Inc. owned about 0.11% of Accenture PLC worth $82,486,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Waldron LP boosted its position in shares of Accenture PLC by 93.3% during the first quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock worth $684,000 after buying an additional 2,756 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Accenture PLC by 3.1% during the first quarter. Coldstream Capital Management Inc. now owns 17,356 shares of the information technology services provider’s stock worth $2,081,000 after buying an additional 527 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of Accenture PLC by 6.2% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 55,960 shares of the information technology services provider’s stock worth $6,708,000 after buying an additional 3,252 shares during the period. Martingale Asset Management L P boosted its position in shares of Accenture PLC by 51.3% during the first quarter. Martingale Asset Management L P now owns 321,531 shares of the information technology services provider’s stock worth $38,546,000 after buying an additional 108,988 shares during the period. Finally, Todd Asset Management LLC acquired a new position in shares of Accenture PLC during the first quarter worth about $2,937,000. 77.82% of the stock is owned by hedge funds and other institutional investors.
In other Accenture PLC news, insider Gianfranco Casati sold 5,000 shares of Accenture PLC stock in a transaction that occurred 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 transaction, the insider now owns 56,014 shares of the company’s stock, valued at approximately $7,281,820. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel T. London sold 3,087 shares of Accenture PLC stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $140.05, for a total transaction of $432,334.35. Following the transaction, the insider now directly owns 21,241 shares in the company, valued at approximately $2,974,802.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,990 shares of company stock worth $9,053,667. Insiders own 0.21% of the company’s stock.
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Shares of Accenture PLC (ACN) opened at 143.28 on Monday. The firm has a 50-day moving average price of $137.37 and a 200 day moving average price of $128.16. The company has a market cap of $88.48 billion, a price-to-earnings ratio of 26.33 and a beta of 1.08. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $143.61.
Accenture PLC (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The firm had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. During the same quarter last year, the firm earned $1.31 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Accenture PLC will post $6.56 EPS for the current fiscal 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 given a dividend of $1.33 per share. 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 currently 48.90%.
ACN has been the subject of several recent research reports. Bank of America Corporation initiated coverage on Accenture PLC in a research report on Tuesday, September 12th. They set a “buy” rating and a $150.00 price objective for the company. Stifel Nicolaus upped their price objective on Accenture PLC from $138.00 to $146.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Wednesday, September 6th. BidaskClub cut Accenture PLC from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 28th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently 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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