Sentry Investment Management LLC Has $6.13 Million Holdings in Accenture PLC (ACN)

Sentry Investment Management LLC raised its stake in Accenture PLC (NYSE:ACN) by 0.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,583 shares of the information technology services provider’s stock after acquiring an additional 21 shares during the quarter. Sentry Investment Management LLC’s holdings in Accenture PLC were worth $6,132,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ACN. TCI Wealth Advisors Inc. increased its position in shares of Accenture PLC by 23.4% in the second quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after buying an additional 162 shares in the last quarter. Bellwether Investment Group LLC increased its position in shares of Accenture PLC by 64.2% in the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after buying an additional 359 shares in the last quarter. Manchester Capital Management LLC increased its position in shares of Accenture PLC by 7.0% in the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after buying an additional 60 shares in the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Accenture PLC in the first quarter valued at approximately $122,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Accenture PLC by 5.3% in the second quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock valued at $127,000 after buying an additional 52 shares in the last quarter. 77.82% of the stock is owned by institutional investors.

In related news, insider Richard Lumb sold 2,200 shares of Accenture PLC stock in a transaction dated 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 sale, the insider now owns 119,013 shares of the company’s stock, valued at $15,383,620.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard P. Clark sold 3,155 shares of Accenture PLC stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $143.01, for a total value of $451,196.55. Following the sale, the insider now directly owns 5,533 shares of the company’s stock, valued at approximately $791,274.33. The disclosure for this sale can be found here. Insiders sold 85,525 shares of company stock worth $11,763,497 in the last quarter. 0.21% of the stock is owned by insiders.

Accenture PLC (NYSE:ACN) last released its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The business had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same period last year, the company earned $1.31 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last 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. The ex-dividend date is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s dividend payout ratio (DPR) is presently 48.90%.

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Several analysts have issued reports on the company. Cowen and Company set a $150.00 target price on Accenture PLC and gave the company a “buy” rating in a report on Monday, October 23rd. Cantor Fitzgerald reissued a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a research note on Thursday, September 28th. KeyCorp reissued a “buy” rating and set a $149.00 target price on shares of Accenture PLC in a research note on Thursday, September 28th. BMO Capital Markets upped their price target on Accenture PLC from $130.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, September 29th. Finally, Wells Fargo & Company upped their price target on Accenture PLC from $147.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price 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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Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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