Sei Investments Co. lifted its stake in Accenture PLC (NYSE:ACN) by 43.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 133,084 shares of the information technology services provider’s stock after buying an additional 40,244 shares during the quarter. Sei Investments Co.’s holdings in Accenture PLC were worth $17,977,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in ACN. BlackRock Inc. increased its position in Accenture PLC by 2,139.5% in the first quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock worth $4,730,821,000 after purchasing an additional 37,700,871 shares during the last quarter. Vanguard Group Inc. increased its position in Accenture PLC by 6.2% during the first quarter. Vanguard Group Inc. now owns 47,379,397 shares of the information technology services provider’s stock valued at $5,679,843,000 after acquiring an additional 2,749,896 shares during the last quarter. Janus Henderson Group PLC increased its position in Accenture PLC by 2,531.4% during the second quarter. Janus Henderson Group PLC now owns 2,520,680 shares of the information technology services provider’s stock valued at $311,760,000 after acquiring an additional 2,424,888 shares during the last quarter. BT Investment Management Ltd bought a new position in Accenture PLC during the second quarter valued at $220,158,000. Finally, Wellington Management Group LLP increased its position in Accenture PLC by 8.8% during the first quarter. Wellington Management Group LLP now owns 21,583,126 shares of the information technology services provider’s stock valued at $2,587,385,000 after acquiring an additional 1,738,262 shares during the last quarter. 77.73% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on ACN. Evercore ISI upped their price objective on shares of Accenture PLC from $148.00 to $162.00 and gave the stock a “reduce” rating in a research note on Thursday. Stifel Nicolaus reissued a “buy” rating and set a $150.00 price target on shares of Accenture PLC in a research report on Friday, November 3rd. Pivotal Research initiated coverage on shares of Accenture PLC in a research report on Wednesday, November 8th. They set a “buy” rating and a $165.00 price target for the company. KeyCorp reissued a “buy” rating and set a $149.00 price target on shares of Accenture PLC in a research report on Sunday, October 29th. Finally, Cowen and Company set a $150.00 price target on shares of Accenture PLC and gave the company a “buy” rating in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Accenture PLC currently has a consensus rating of “Buy” and an average target price of $143.73.
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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 the consensus estimate of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The firm had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the previous year, the business earned $1.31 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. sell-side analysts predict that Accenture PLC will post 6.54 earnings per share for the current year.
The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 15th. Investors 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 PLC’s payout ratio is 48.90%.
In other news, CFO David Rowland sold 3,702 shares of Accenture PLC stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $135.04, for a total value of $499,918.08. Following the transaction, the chief financial officer now directly owns 9,864 shares in the company, valued at $1,332,034.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Johan Deblaere sold 5,000 shares of Accenture PLC stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $135.05, for a total value of $675,250.00. Following the completion of the transaction, the chief operating officer now owns 120,817 shares in the company, valued at $16,316,335.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,325 shares of company stock valued at $11,479,125. 0.21% of the stock is currently owned by insiders.
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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