Chemical Bank increased its holdings in shares of Accenture PLC (NYSE:ACN) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,902 shares of the information technology services provider’s stock after purchasing an additional 486 shares during the quarter. Chemical Bank’s holdings in Accenture PLC were worth $4,317,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. acquired a new position in Accenture PLC during the second quarter worth $533,000. Bellwether Investment Group LLC boosted its holdings in Accenture PLC by 64.2% during the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after purchasing an additional 359 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in Accenture PLC by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 60 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Accenture PLC by 2.0% during the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock worth $117,000 after purchasing an additional 19 shares during the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in Accenture PLC during the first quarter worth $122,000. Institutional investors and hedge funds own 77.73% of the company’s stock.
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Several brokerages recently commented on ACN. Berenberg Bank set a $140.00 target price on shares of Accenture PLC and gave the stock a “buy” rating in a report on Saturday, June 24th. Cowen and Company restated a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a report on Friday, July 28th. Societe Generale cut shares of Accenture PLC from a “buy” rating to a “hold” rating and set a $144.00 target price for the company. in a report on Thursday, September 28th. SunTrust Banks, Inc. set a $130.00 target price on shares of Accenture PLC and gave the stock a “hold” rating in a report on Sunday, October 1st. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and set a $144.00 target price on shares of Accenture PLC in a report on Tuesday, October 3rd. One research analyst has 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 price target of $141.84.
In related news, CEO Pierre Nanterme sold 38,589 shares of the business’s stock in a transaction dated 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 directly owns 179,083 shares of the company’s stock, valued at approximately $24,181,577.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $127.51, for a total transaction of $280,522.00. Following the completion of the transaction, the insider now directly owns 119,942 shares in the company, valued at $15,293,804.42. The disclosure for this sale can be found here. Insiders sold a total of 66,310 shares of company stock worth $8,854,197 over the last three months. 0.21% of the stock is owned by insiders.
Shares of Accenture PLC (ACN) opened at 137.52 on Wednesday. Accenture PLC has a 52 week low of $112.31 and a 52 week high of $138.70. The firm has a market cap of $84.92 billion, a PE ratio of 25.27 and a beta of 1.08. The firm has a 50-day moving average of $134.08 and a 200-day moving average of $126.36.
Accenture PLC (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 EPS. On average, analysts expect that Accenture PLC will post $6.56 EPS for the current year.
The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be issued a $1.33 dividend. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s dividend payout ratio (DPR) is currently 44.49%.
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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