Fiduciary Management Inc. WI Decreases Position in Accenture PLC (ACN)

Fiduciary Management Inc. WI decreased its holdings in shares of Accenture PLC (NYSE:ACN) by 3.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,801,867 shares of the information technology services provider’s stock after selling 233,322 shares during the quarter. Accenture comprises about 5.4% of Fiduciary Management Inc. WI’s investment portfolio, making the stock its largest position. Fiduciary Management Inc. WI owned about 1.03% of Accenture worth $918,728,000 at the end of the most recent quarter.

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

Accenture PLC (NYSE:ACN) opened at $147.15 on Tuesday. The company has a market cap of $96,730.05, a PE ratio of 24.80, a PEG ratio of 2.17 and a beta of 1.08. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $148.60.

Accenture (NYSE:ACN) last posted its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.01. The firm had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. Accenture had a net margin of 9.37% and a return on equity of 42.65%. The business’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 earnings per share. equities analysts forecast that Accenture PLC will post 6.54 EPS for the current fiscal year.

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th were issued a $1.33 dividend. This represents a dividend yield of 1.97%. The ex-dividend date was Wednesday, October 18th. Accenture’s payout ratio is presently 48.90%.

In other Accenture news, insider Richard P. Clark sold 3,155 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $143.01, for a total transaction of $451,196.55. Following the transaction, the insider now directly owns 5,533 shares in the company, valued at approximately $791,274.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gianfranco Casati sold 20,380 shares of the stock in a transaction dated 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 transaction, the insider now owns 51,014 shares in the company, valued at $7,280,718.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,325 shares of company stock worth $11,479,125. Company insiders own 0.21% of the company’s stock.

A number of research firms have weighed in on ACN. Cantor Fitzgerald reiterated a “buy” rating and set a $135.00 price objective on shares of Accenture in a research report on Thursday, September 28th. KeyCorp reiterated a “buy” rating and set a $149.00 price objective on shares of Accenture in a research report on Thursday, September 28th. BMO Capital Markets boosted their price objective on shares of Accenture from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, September 29th. Wells Fargo & Company boosted their price objective on shares of Accenture from $147.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. Finally, Zacks Investment Research upgraded shares of Accenture from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Thursday, September 21st. Two research analysts have 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 company. Accenture presently has an average rating of “Buy” and an average price target of $144.16.

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Accenture 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 (NYSE:ACN)

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