GRATRY & Co LLC Has $1.91 Million Holdings in Accenture PLC (ACN)

GRATRY & Co LLC reduced its position in shares of Accenture PLC (NYSE:ACN) by 35.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,429 shares of the information technology services provider’s stock after selling 8,415 shares during the quarter. Accenture PLC accounts for about 2.3% of GRATRY & Co LLC’s investment portfolio, making the stock its 17th biggest holding. GRATRY & Co LLC’s holdings in Accenture PLC were worth $1,908,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Accenture PLC by 2.3% in the second quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after acquiring an additional 1,088,676 shares during the period. BlackRock Inc. grew its stake in shares of Accenture PLC by 3.0% in the second quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock worth $5,028,772,000 after acquiring an additional 1,196,578 shares during the period. Capital Research Global Investors grew its stake in shares of Accenture PLC by 2.2% in the second quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock worth $3,525,083,000 after acquiring an additional 605,156 shares during the period. State Street Corp grew its stake in shares of Accenture PLC by 2.7% in the first quarter. State Street Corp now owns 25,356,641 shares of the information technology services provider’s stock worth $3,039,762,000 after acquiring an additional 665,860 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Accenture PLC by 8.8% in the first quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock worth $2,587,385,000 after acquiring an additional 1,738,262 shares during the period. Institutional investors and hedge funds own 77.82% of the company’s stock.

Shares of Accenture PLC (NYSE ACN) opened at 143.29 on Tuesday. The company has a 50-day moving average of $137.64 and a 200 day moving average of $128.55. The company has a market cap of $88.48 billion, a PE ratio of 26.33 and a beta of 1.08. Accenture PLC has a 12 month low of $112.31 and a 12 month high of $143.78.

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 for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same quarter last year, the firm posted $1.31 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts anticipate that Accenture PLC will post $6.56 earnings per share for the current year.

The business also recently announced 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. This represents a dividend 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 Richard P. Clark sold 3,155 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $143.01, for a total transaction of $451,196.55. Following the completion of the sale, the insider now directly owns 5,533 shares of the company’s stock, valued at approximately $791,274.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gianfranco Casati sold 5,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $130.00, for a total value of $650,000.00. Following the sale, the insider now directly owns 56,014 shares of the company’s stock, valued at $7,281,820. The disclosure for this sale can be found here. Insiders sold a total of 70,145 shares of company stock valued at $9,504,864 over the last ninety days. Corporate insiders own 0.21% of the company’s stock.

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ACN has been the subject of a number of research analyst reports. Cowen and Company reiterated a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research note on Friday, July 28th. BidaskClub lowered shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. 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 Monday, August 28th. Stifel Nicolaus lifted their price target on shares of Accenture PLC from $138.00 to $146.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Finally, Bank of America Corporation initiated coverage on shares of Accenture PLC in a research note on Tuesday, September 12th. They issued a “buy” rating and a $150.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $141.84.

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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