Oak Associates Ltd. OH Continues to Hold Position in Accenture PLC (ACN)

Oak Associates Ltd. OH maintained its position in shares of Accenture PLC (NYSE:ACN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,727 shares of the information technology services provider’s stock at the close of the 2nd quarter. Oak Associates Ltd. OH’s holdings in Accenture PLC were worth $10,232,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board grew its position in 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 purchasing an additional 75,100 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position 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 worth $258,221,000 after purchasing an additional 97,760 shares during the last quarter. Retirement Systems of Alabama grew its position 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 worth $42,067,000 after purchasing an additional 916 shares during the last quarter. Vigilant Capital Management LLC grew its position 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 worth $12,568,000 after purchasing an additional 1,780 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its position 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 worth $4,411,000 after purchasing an additional 795 shares during the last quarter. 77.82% of the stock is currently owned by institutional investors.

Several research firms have weighed in on ACN. Cowen and Company set a $150.00 target price on shares of Accenture PLC and gave the stock a “buy” rating in a research report on Monday, October 23rd. Cantor Fitzgerald restated a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a research note on Thursday, September 28th. KeyCorp restated a “buy” rating and set a $149.00 price objective on shares of Accenture PLC in a research note on Thursday, September 28th. BMO Capital Markets lifted their price objective on shares of Accenture PLC from $130.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, September 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Accenture PLC from $147.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Accenture PLC has an average rating of “Buy” and a consensus price target of $141.84.

In other Accenture PLC news, insider Richard P. Clark sold 3,155 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $143.01, for a total value of $451,196.55. Following the completion of the sale, the insider now owns 5,533 shares of the company’s stock, valued at $791,274.33. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Daniel T. London sold 3,087 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $140.05, for a total value of $432,334.35. Following the completion of the sale, the insider now directly owns 21,241 shares of the company’s stock, valued at approximately $2,974,802.05. The disclosure for this sale can be found here. In the last three months, insiders sold 70,145 shares of company stock valued at $9,504,864. 0.21% of the stock is owned by corporate insiders.

Accenture PLC (NYSE:ACN) opened at 142.36 on Wednesday. The firm has a market capitalization of $87.91 billion, a PE ratio of 26.16 and a beta of 1.08. Accenture PLC has a 52-week low of $112.31 and a 52-week high of $143.78. The firm’s 50-day moving average is $137.81 and its 200-day moving average is $128.65.

Accenture PLC (NYSE:ACN) last released its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS 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 during the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter last year, the company earned $1.31 earnings per share. Accenture PLC’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts anticipate that Accenture PLC will post $6.56 earnings per share for the current year.

The firm 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 currently 48.90%.

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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.

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

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