Asset Management One Co. Ltd. Buys 1,344 Shares of Accenture PLC (ACN)

Asset Management One Co. Ltd. increased its stake in shares of Accenture PLC (NYSE:ACN) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 937,093 shares of the information technology services provider’s stock after purchasing an additional 1,344 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.14% of Accenture worth $126,573,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Flagship Harbor Advisors LLC increased its position in 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 purchasing an additional 12 shares in the last quarter. AlphaMark Advisors LLC increased its position in 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 purchasing an additional 20 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in 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 purchasing an additional 24 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in 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 purchasing an additional 35 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in 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 purchasing an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 72.51% of the company’s stock.

Several analysts have commented on the company. Zacks Investment Research upgraded Accenture from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a report on Tuesday, November 28th. Evercore ISI lifted their price target on Accenture from $148.00 to $162.00 and gave the company a “reduce” rating in a report on Thursday, November 16th. Pivotal Research assumed coverage on Accenture in a report on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price target for the company. Stifel Nicolaus restated a “buy” rating and issued a $150.00 price target on shares of Accenture in a report on Friday, November 3rd. Finally, KeyCorp restated a “buy” rating and issued a $149.00 price target on shares of Accenture in a report on Sunday, October 29th. 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’s stock. The company presently has a consensus rating of “Buy” and an average target price of $144.16.

Accenture PLC (NYSE ACN) opened at $147.67 on Wednesday. The firm has a market capitalization of $97,112.82, a PE ratio of 24.90, a PEG ratio of 2.18 and a beta of 1.08. Accenture PLC has a 52 week low of $112.31 and a 52 week high of $148.60.

Accenture (NYSE:ACN) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $9.01 billion. Accenture had a return on equity of 42.65% and a net margin of 9.37%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 EPS. research analysts predict that Accenture PLC will post 6.54 EPS for the current year.

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

In related news, insider Gianfranco Casati sold 20,380 shares of the business’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 transaction, the insider now directly owns 51,014 shares of the company’s stock, valued at approximately $7,280,718.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Pierre Nanterme sold 38,589 shares of the business’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 transaction, the chief executive officer now directly owns 179,083 shares in the company, valued at $24,181,577.49. The disclosure for this sale can be found here. Insiders have sold a total of 83,325 shares of company stock worth $11,479,125 over the last three months. 0.21% of the stock is currently owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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