Gofen & Glossberg LLC IL Buys 290 Shares of Accenture PLC (ACN)

Gofen & Glossberg LLC IL lifted its stake in Accenture PLC (NYSE:ACN) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,688 shares of the information technology services provider’s stock after acquiring an additional 290 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Accenture PLC were worth $4,661,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. grew its holdings in Accenture PLC by 23.4% during the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after purchasing an additional 162 shares during the period. Bellwether Investment Group LLC grew its holdings in Accenture PLC by 64.2% during the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after purchasing an additional 359 shares during the period. Manchester Capital Management LLC grew its holdings in Accenture PLC by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 60 shares during the period. Harbour Capital Advisors LLC bought a new position in Accenture PLC during the first quarter worth about $122,000. Finally, Parkside Financial Bank & Trust grew its holdings in Accenture PLC by 5.3% during the second quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock worth $127,000 after purchasing an additional 52 shares during the period. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of Accenture PLC (NYSE:ACN) opened at 143.29 on Tuesday. The company has a market capitalization of $88.48 billion, a PE ratio of 26.33 and a beta of 1.08. The company has a 50 day moving average price of $137.64 and a 200 day moving average price of $128.55. Accenture PLC has a 52 week low of $112.31 and a 52 week high of $143.78.

Accenture PLC (NYSE:ACN) last released its quarterly earnings data 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. The company had revenue of $9.15 billion during 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% on a year-over-year basis. During the same period last year, the firm earned $1.31 EPS. On average, equities research analysts expect that Accenture PLC will post $6.56 earnings per share for the current year.

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be issued a $1.33 dividend. This represents a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s dividend payout ratio (DPR) is presently 48.90%.

In related news, insider Gianfranco Casati sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $130.00, for a total value of $650,000.00. Following the completion of the transaction, the insider now directly 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 can be accessed through this link. Also, insider Richard Lumb sold 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $129.26, for a total transaction of $284,372.00. Following the completion of the transaction, the insider now directly owns 119,013 shares of the company’s stock, valued at $15,383,620.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,145 shares of company stock valued at $9,504,864. 0.21% of the stock is owned by insiders.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Monday, August 28th. Berenberg Bank reiterated a “buy” rating and set a $160.00 price target on shares of Accenture PLC in a report on Thursday, September 21st. Cowen and Company set a $150.00 price target on Accenture PLC and gave the stock a “buy” rating in a report on Monday, October 23rd. SunTrust Banks, Inc. set a $130.00 price target on Accenture PLC and gave the stock a “hold” rating in a report on Sunday, October 1st. Finally, Robert W. Baird lifted their price target on Accenture PLC from $148.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, September 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $141.84.

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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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