Accenture PLC (ACN) Shares Sold by First National Trust Co.

First National Trust Co. cut its holdings in Accenture PLC (NYSE:ACN) by 11.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,869 shares of the information technology services provider’s stock after selling 1,309 shares during the quarter. First National Trust Co.’s holdings in Accenture PLC were worth $1,333,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. raised its stake in Accenture PLC by 3.4% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 709,513 shares of the information technology services provider’s stock valued at $95,834,000 after buying an additional 23,305 shares during the last quarter. Toronto Dominion Bank raised its stake in Accenture PLC by 11.6% in the third quarter. Toronto Dominion Bank now owns 234,505 shares of the information technology services provider’s stock valued at $31,670,000 after buying an additional 24,414 shares during the last quarter. Veritas Investment Management UK Ltd raised its stake in Accenture PLC by 2.6% in the third quarter. Veritas Investment Management UK Ltd now owns 80,333 shares of the information technology services provider’s stock valued at $10,851,000 after buying an additional 2,000 shares during the last quarter. CIBC Asset Management Inc raised its stake in Accenture PLC by 0.7% in the third quarter. CIBC Asset Management Inc now owns 129,604 shares of the information technology services provider’s stock valued at $17,506,000 after buying an additional 853 shares during the last quarter. Finally, Jarislowsky Fraser Ltd raised its stake in Accenture PLC by 144.4% in the third quarter. Jarislowsky Fraser Ltd now owns 4,790 shares of the information technology services provider’s stock valued at $646,000 after buying an additional 2,830 shares during the last quarter. Institutional investors own 71.36% of the company’s stock.

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Shares of Accenture PLC (NYSE:ACN) opened at $145.45 on Monday. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $147.28. The company has a market capitalization of $95,990.89, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 2.15 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS 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 company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same period last year, the company earned $1.31 earnings per share. Accenture PLC’s quarterly revenue was up 7.8% compared to the same quarter last year. research analysts anticipate that Accenture PLC will post 6.54 EPS for the current fiscal year.

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

ACN has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a research note on Thursday, September 14th. Royal Bank Of Canada increased their price target on Accenture PLC from $145.00 to $148.00 and gave the company an “outperform” rating in a research note on Friday, September 29th. BidaskClub cut Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, KeyCorp reiterated a “buy” rating and issued a $149.00 price target on shares of Accenture PLC in a research note on Thursday, September 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $143.73.

In other news, insider Daniel T. London sold 637 shares of the firm’s stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $136.03, for a total value of $86,651.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard P. Clark sold 3,155 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $143.01, for a total value of $451,196.55. Following the completion of the transaction, the insider now owns 5,533 shares in the company, valued at approximately $791,274.33. The disclosure for this sale can be found here. In 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.

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.

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

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