Accenture PLC (ACN) is Sloane Robinson LLP’s 5th Largest Position

Sloane Robinson LLP raised its stake in Accenture PLC (NYSE:ACN) by 68.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 155,800 shares of the information technology services provider’s stock after buying an additional 63,500 shares during the period. Accenture PLC comprises about 12.3% of Sloane Robinson LLP’s portfolio, making the stock its 5th biggest position. Sloane Robinson LLP’s holdings in Accenture PLC were worth $19,269,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. grew its position in shares of Accenture PLC by 23.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock valued at $106,000 after buying an additional 162 shares during the last quarter. Bellwether Investment Group LLC boosted its position in shares of Accenture PLC by 64.2% during the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock valued at $110,000 after purchasing an additional 359 shares in the last quarter. Manchester Capital Management LLC boosted its position in shares of Accenture PLC by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock valued at $114,000 after purchasing an additional 60 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Accenture PLC by 2.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock valued at $117,000 after purchasing an additional 19 shares in the last quarter. Finally, Harbour Capital Advisors LLC bought a new stake in shares of Accenture PLC during the 1st quarter valued at about $122,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.

In other Accenture PLC news, insider Richard Lumb sold 2,200 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $127.51, for a total transaction of $280,522.00. Following the completion of the sale, the insider now directly owns 119,942 shares in the company, valued at approximately $15,293,804.42. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Daniel T. London sold 4,808 shares of the business’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $128.05, for a total transaction of $615,664.40. Following the sale, the insider now owns 22,681 shares of the company’s stock, valued at $2,904,302.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,310 shares of company stock valued at $8,854,197. Company insiders own 0.21% of the company’s stock.

WARNING: “Accenture PLC (ACN) is Sloane Robinson LLP’s 5th Largest Position” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://sportsperspectives.com/2017/10/13/accenture-plc-acn-is-sloane-robinson-llps-5th-largest-position.html.

Several brokerages recently commented on ACN. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Thursday, September 21st. Berenberg Bank restated a “buy” rating and set a $160.00 target price on shares of Accenture PLC in a research report on Thursday, September 21st. Morgan Stanley upped their target price on Accenture PLC from $132.00 to $140.00 and gave the company an “equal weight” rating in a research report on Friday, September 22nd. Robert W. Baird restated a “neutral” rating and set a $148.00 target price (up previously from $142.00) on shares of Accenture PLC in a research report on Friday, September 22nd. Finally, KeyCorp restated a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $141.84.

Accenture PLC (NYSE:ACN) opened at 139.20 on Friday. Accenture PLC has a one year low of $112.31 and a one year high of $139.65. The firm’s 50-day moving average price is $134.60 and its 200 day moving average price is $126.52. The company has a market capitalization of $85.96 billion, a price-to-earnings ratio of 25.58 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last announced its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.01. The business had revenue of $9.15 billion during the quarter, compared to analyst estimates of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 EPS. On average, equities research analysts expect that Accenture PLC will post $6.56 earnings per share for the current fiscal year.

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be paid a dividend of $1.33 per share. The ex-dividend date is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s dividend payout ratio is presently 44.49%.

About Accenture PLC

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.

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture PLC (NYSE:ACN).

Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

Receive News & Ratings for Accenture PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply