Achmea Investment Management B.V. Decreases Holdings in Accenture PLC (ACN)

Achmea Investment Management B.V. cut its stake in Accenture PLC (NYSE:ACN) by 28.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,664 shares of the information technology services provider’s stock after selling 40,128 shares during the quarter. Accenture PLC comprises about 0.7% of Achmea Investment Management B.V.’s holdings, making the stock its 26th biggest holding. Achmea Investment Management B.V.’s holdings in Accenture PLC were worth $12,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Canada Pension Plan Investment Board increased its stake in shares of Accenture PLC by 18.9% in 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 shares of Accenture PLC by 4.9% in 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 acquiring an additional 97,760 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of Accenture PLC by 0.3% in 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 acquiring an additional 916 shares in the last quarter. Vigilant Capital Management LLC increased its stake in shares of Accenture PLC by 1.8% in 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 acquiring an additional 1,780 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its stake in shares of Accenture PLC by 2.3% in 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 acquiring an additional 795 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

In other news, insider Gianfranco Casati sold 20,380 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $142.72, for a total value of $2,908,633.60. Following the transaction, the insider now owns 51,014 shares of the company’s stock, valued at $7,280,718.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $129.26, for a total value of $284,372.00. Following the completion of the transaction, the insider now directly owns 119,013 shares in the company, valued at approximately $15,383,620.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 85,525 shares of company stock worth $11,763,497. 0.21% of the stock is currently owned by corporate insiders.

Several analysts recently commented on ACN shares. Cowen and Company reissued a “buy” rating and set a $135.00 price objective on shares of Accenture PLC in a research report on Friday, July 28th. BidaskClub downgraded shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Monday, August 28th. Stifel Nicolaus raised their price target on shares of Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a report on Thursday, September 7th. Finally, Bank of America Corporation initiated coverage on shares of Accenture PLC in a report on Tuesday, September 12th. They set a “buy” rating and a $150.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Accenture PLC has a consensus rating of “Buy” and a consensus price target of $141.84.

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Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 earnings per share.

The company also recently declared 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. This represents a yield of 1.97%. The ex-dividend date is Wednesday, October 18th. Accenture PLC’s dividend payout ratio (DPR) is 48.90%.

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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