Sfmg LLC Acquires Shares of 1,667 Accenture PLC (ACN)

Sfmg LLC acquired a new stake in shares of Accenture PLC (NYSE:ACN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,667 shares of the information technology services provider’s stock, valued at approximately $225,000.

A number of other large investors also recently made changes to their positions in ACN. BlackRock Inc. raised its stake in Accenture PLC by 2,139.5% during the first quarter. BlackRock Inc. now owns 39,462,967 shares of the information technology services provider’s stock valued at $4,730,821,000 after buying an additional 37,700,871 shares during the last quarter. Vanguard Group Inc. raised its stake 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 buying an additional 2,749,896 shares during the last quarter. Janus Henderson Group PLC raised its stake 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 buying an additional 2,424,888 shares during the last quarter. BT Investment Management Ltd purchased a new position in shares of Accenture PLC in the second quarter worth $220,158,000. Finally, Lazard Asset Management LLC raised its stake in shares of Accenture PLC by 38.8% in the first quarter. Lazard Asset Management LLC now owns 4,297,555 shares of the information technology services provider’s stock worth $515,189,000 after purchasing an additional 1,202,048 shares during the last quarter. Institutional investors and hedge funds own 71.36% of the company’s stock.

Several research analysts have recently weighed in on ACN shares. Stifel Nicolaus boosted their price target on 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 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 boosted their price target on Accenture PLC from $145.00 to $148.00 and gave the stock 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 restated a “buy” rating and issued a $149.00 price target on shares of Accenture PLC in a research note on Thursday, September 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $143.73.

In related news, insider Gianfranco Casati sold 20,380 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $142.72, for a total value of $2,908,633.60. Following the sale, the insider now directly owns 51,014 shares in the company, valued at $7,280,718.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Richard P. Clark sold 3,155 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $143.01, for a total value of $451,196.55. Following the completion of the sale, the insider now owns 5,533 shares in the company, valued at $791,274.33. The disclosure for this sale can be found here. Insiders sold 83,325 shares of company stock worth $11,479,125 over the last quarter. 0.21% of the stock is owned by company insiders.

Accenture PLC (ACN) opened at $148.01 on Wednesday. The firm has a market capitalization of $94,890.00, a PE ratio of 24.80, a PEG ratio of 2.17 and a beta of 1.08. Accenture PLC has a one year low of $112.31 and a one year high of $148.47.

Accenture PLC (NYSE:ACN) last released its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. The firm had revenue of $9.15 billion during the quarter, compared to analyst estimates of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.31 earnings per share. equities analysts predict that Accenture PLC will post 6.54 earnings per share for the current fiscal year.

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

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

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