River Wealth Advisors LLC Has $1.46 Million Holdings in Accenture PLC (ACN)

River Wealth Advisors LLC trimmed its position in shares of Accenture PLC (NYSE:ACN) by 7.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,769 shares of the information technology services provider’s stock after selling 828 shares during the period. River Wealth Advisors LLC’s holdings in Accenture PLC were worth $1,455,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ACN. Probity Advisors Inc. boosted its stake in Accenture PLC by 8.0% during the 1st quarter. Probity Advisors Inc. now owns 2,230 shares of the information technology services provider’s stock valued at $267,000 after purchasing an additional 165 shares during the period. Homrich & Berg lifted its stake in shares of Accenture PLC by 11.0% in the 1st quarter. Homrich & Berg now owns 5,152 shares of the information technology services provider’s stock worth $618,000 after acquiring an additional 510 shares during the period. Teachers Advisors LLC lifted its stake in shares of Accenture PLC by 11.2% in the 1st quarter. Teachers Advisors LLC now owns 1,058,588 shares of the information technology services provider’s stock worth $126,904,000 after acquiring an additional 106,857 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of Accenture PLC by 1.0% in the 1st quarter. TIAA CREF Investment Management LLC now owns 3,731,624 shares of the information technology services provider’s stock worth $447,347,000 after acquiring an additional 36,603 shares during the period. Finally, Bridgewater Associates LP acquired a new stake in shares of Accenture PLC in the 1st quarter worth approximately $4,528,000. 71.36% of the stock is owned by hedge funds and other institutional investors.

In other Accenture PLC news, CEO Pierre Nanterme sold 38,589 shares of the stock in a transaction on 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 completion of the sale, 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 SEC, which is available through the SEC website. Also, insider Daniel T. London sold 637 shares of the stock in a transaction on Friday, October 6th. The shares were sold at an average price of $136.03, for a total transaction of $86,651.11. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,325 shares of company stock valued at $11,479,125. 0.21% of the stock is owned by insiders.

ACN has been the subject of a number of research analyst reports. Bank of America Corporation initiated coverage on shares of Accenture PLC in a research note on Tuesday, September 12th. They issued a “buy” rating and a $150.00 price target for the company. Stifel Nicolaus upped their price target on shares of Accenture PLC from $138.00 to $146.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research note on Wednesday, September 6th. BidaskClub lowered shares of Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $135.00 price target on shares of Accenture PLC in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $143.73.

Accenture PLC (NYSE ACN) opened at $146.57 on Tuesday. Accenture PLC has a 12 month low of $112.31 and a 12 month high of $147.28. The company has a market cap of $93,530.00, a price-to-earnings ratio of 24.61, a PEG ratio of 2.15 and a beta of 1.08.

Accenture PLC (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion during 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%. Accenture PLC’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.31 EPS. equities research analysts forecast that Accenture PLC will post 6.54 earnings per share for the current year.

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

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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.

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

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