Bridges Investment Counsel Inc. decreased its position in shares of Accenture PLC (NYSE:ACN) by 68.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,700 shares of the information technology services provider’s stock after selling 8,050 shares during the quarter. Bridges Investment Counsel Inc.’s holdings in Accenture PLC were worth $500,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in ACN. TCI Wealth Advisors Inc. lifted its holdings in shares of 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 lifted its holdings in shares of 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 lifted its holdings in shares of 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 acquired a new stake in shares of Accenture PLC during the first quarter worth about $122,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of 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 owned by hedge funds and other institutional investors.
A number of equities research analysts recently commented on the company. KeyCorp reaffirmed a “buy” rating and set a $149.00 target price on shares of Accenture PLC in a report on Sunday, October 29th. Cowen and Company set a $150.00 target price on Accenture PLC and gave the stock a “buy” rating in a report on Monday, October 23rd. Berenberg Bank reaffirmed a “buy” rating and set a $160.00 target price on shares of Accenture PLC in a report on Thursday, September 21st. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a report on Thursday, September 21st. Finally, Morgan Stanley lifted their target price on Accenture PLC from $132.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Accenture PLC currently has an average rating of “Buy” and a consensus target price of $141.84.
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Accenture PLC (NYSE:ACN) last issued its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 EPS.
The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be paid a dividend of $1.33 per share. 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 48.90%.
In related news, insider Richard P. Clark sold 3,155 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 5,533 shares of the company’s stock, valued at approximately $791,274.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard Lumb sold 2,200 shares of the firm’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 of the company’s stock, valued at $15,383,620.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,525 shares of company stock valued at $11,763,497. Company insiders own 0.21% of the company’s stock.
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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