Tompkins Financial Corp raised its position in shares of Accenture PLC (NYSE:ACN) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,792 shares of the information technology services provider’s stock after buying an additional 445 shares during the quarter. Tompkins Financial Corp’s holdings in Accenture PLC were worth $1,863,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in ACN. BlackRock Inc. lifted its position in shares of Accenture PLC by 2,139.5% during the first quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock valued at $4,730,821,000 after buying an additional 37,700,871 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Accenture PLC by 6.2% during the first quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock valued at $5,679,843,000 after buying an additional 2,749,896 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Accenture PLC by 2,531.4% during the second quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock valued at $311,760,000 after buying an additional 2,424,888 shares during the last quarter. BT Investment Management Ltd purchased a new stake in shares of Accenture PLC during the second quarter valued at about $220,158,000. Finally, Wellington Management Group LLP lifted its position in shares of Accenture PLC by 8.8% during the first quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock valued at $2,587,385,000 after buying an additional 1,738,262 shares during the last quarter. 77.82% of the stock is owned by institutional investors and hedge funds.
Shares of Accenture PLC (ACN) opened at $144.04 on Friday. The company has a market capitalization of $88.17 billion, a P/E ratio of 24.27, a P/E/G ratio of 2.12 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $1.31 EPS. equities research analysts forecast that Accenture PLC will post 6.54 EPS for the current year.
The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s payout ratio is 48.90%.
Several analysts have commented on ACN shares. Cowen and Company reissued a “buy” rating and set a $135.00 price target on shares of Accenture PLC in a research report on Friday, July 28th. BidaskClub lowered shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research 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 for the company in a research report on Monday, August 28th. Stifel Nicolaus increased their price target on shares of Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. Finally, Bank of America Corporation initiated coverage on shares of Accenture PLC in a research report on Tuesday, September 12th. They set a “buy” rating and a $150.00 price target for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $141.84.
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In other news, insider Gianfranco Casati sold 20,380 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $142.72, for a total transaction of $2,908,633.60. Following the sale, the insider now owns 51,014 shares of the company’s stock, valued at approximately $7,280,718.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel T. London sold 637 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $136.03, for a total transaction of $86,651.11. The disclosure for this sale can be found here. Insiders have sold a total of 85,525 shares of company stock worth $11,763,497 in the last ninety days. Corporate 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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