KBC Group NV Has $13.36 Million Stake in Accenture PLC (ACN)

KBC Group NV lifted its stake in shares of Accenture PLC (NYSE:ACN) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 98,925 shares of the information technology services provider’s stock after purchasing an additional 3,228 shares during the quarter. KBC Group NV’s holdings in Accenture were worth $13,362,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC lifted its position in shares of Accenture by 0.4% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,917 shares of the information technology services provider’s stock worth $362,000 after buying an additional 12 shares during the last quarter. AlphaMark Advisors LLC lifted its position in shares of Accenture by 0.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,319 shares of the information technology services provider’s stock worth $287,000 after buying an additional 20 shares during the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Accenture by 1.4% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,801 shares of the information technology services provider’s stock worth $223,000 after buying an additional 24 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Accenture by 0.6% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,535 shares of the information technology services provider’s stock worth $664,000 after buying an additional 35 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Accenture by 5.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock worth $127,000 after buying an additional 52 shares during the last quarter. 72.51% of the stock is currently owned by institutional investors.

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 transaction of $451,196.55. Following the completion of the sale, the insider now owns 5,533 shares of the company’s stock, valued at $791,274.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Pierre Nanterme sold 38,589 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.03, for a total value of $5,210,672.67. Following the sale, the chief executive officer now directly 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 83,325 shares of company stock valued at $11,479,125 over the last 90 days. 0.21% of the stock is owned by corporate insiders.

Several analysts recently weighed in on the company. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Monday, August 28th. Berenberg Bank reiterated a “buy” rating and issued a $160.00 target price on shares of Accenture in a research report on Thursday, September 21st. Cowen set a $150.00 target price on Accenture and gave the company a “buy” rating in a research report on Monday, October 23rd. Stifel Nicolaus reiterated a “buy” rating and issued a $150.00 target price on shares of Accenture in a research report on Friday, November 3rd. Finally, SunTrust Banks set a $130.00 target price on Accenture and gave the company a “hold” rating in a research report on Sunday, October 1st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Accenture presently has an average rating of “Buy” and a consensus price target of $144.16.

Accenture PLC (NYSE ACN) opened at $146.57 on Friday. Accenture PLC has a 1 year low of $112.31 and a 1 year high of $148.60. The stock has a market capitalization of $96,730.05, a PE ratio of 24.80, a PEG ratio of 2.17 and a beta of 1.09.

Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.01. Accenture had a return on equity of 42.65% and a net margin of 9.37%. The company 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 firm’s revenue was up 7.8% compared to the same quarter last year. equities analysts forecast that Accenture PLC will post 6.54 EPS for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th were given a dividend of $1.33 per share. The ex-dividend date of this dividend was Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture’s dividend payout ratio (DPR) is 48.90%.

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About Accenture

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.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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