Winslow Evans & Crocker Inc. reduced its holdings in shares of Accenture PLC (NYSE:ACN) by 60.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,106 shares of the information technology services provider’s stock after selling 1,662 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Accenture PLC were worth $149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Canada Pension Plan Investment Board lifted its holdings in shares of Accenture PLC by 18.9% during the second quarter. Canada Pension Plan Investment Board now owns 473,257 shares of the information technology services provider’s stock valued at $58,532,000 after purchasing an additional 75,100 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Accenture PLC by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,087,814 shares of the information technology services provider’s stock valued at $258,221,000 after acquiring an additional 97,760 shares during the period. Retirement Systems of Alabama lifted its holdings in Accenture PLC by 0.3% in the second quarter. Retirement Systems of Alabama now owns 340,128 shares of the information technology services provider’s stock valued at $42,067,000 after acquiring an additional 916 shares during the period. Vigilant Capital Management LLC lifted its holdings in Accenture PLC by 1.8% in the second quarter. Vigilant Capital Management LLC now owns 101,619 shares of the information technology services provider’s stock valued at $12,568,000 after acquiring an additional 1,780 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its holdings in Accenture PLC by 2.3% in the second quarter. Stratos Wealth Partners LTD. now owns 35,664 shares of the information technology services provider’s stock valued at $4,411,000 after acquiring an additional 795 shares during the period. 77.82% of the stock is currently owned by hedge funds and other institutional investors.
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In other Accenture PLC news, insider Gianfranco Casati sold 20,380 shares of the firm’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 transaction of $2,908,633.60. Following the completion of the transaction, the insider now owns 51,014 shares in the company, valued at approximately $7,280,718.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Pierre Nanterme sold 38,589 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.03, for a total value of $5,210,672.67. Following the transaction, the chief executive officer now owns 179,083 shares of the company’s stock, valued at approximately $24,181,577.49. The disclosure for this sale can be found here. Insiders have sold a total of 85,525 shares of company stock valued at $11,763,497 in the last 90 days. 0.21% of the stock is currently owned by company insiders.
Shares of Accenture PLC (NYSE:ACN) opened at $144.04 on Friday. Accenture PLC has a 1 year low of $112.31 and a 1 year high of $144.69. The stock has a market capitalization of $88,543.98, a PE ratio of 24.37, a P/E/G ratio of 2.13 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.31 EPS. analysts expect that Accenture PLC will post 6.54 earnings per share for the current fiscal year.
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 issued 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 is presently 48.90%.
ACN has been the topic of a number of recent research reports. Stifel Nicolaus increased their target price on Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a report on Thursday, September 7th. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $151.00 target price on the stock in a report on Thursday, September 14th. Royal Bank Of Canada increased their target price on Accenture PLC from $145.00 to $148.00 and gave the company an “outperform” rating in a report on Friday, September 29th. BidaskClub downgraded Accenture PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Finally, KeyCorp reissued a “buy” rating and issued a $149.00 target price on shares of Accenture PLC in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average 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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