Quantum Capital Management bought a new stake in shares of Accenture PLC (NYSE:ACN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,536 shares of the information technology services provider’s stock, valued at approximately $207,000.
Other institutional investors have also made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in Accenture PLC in the 2nd quarter worth about $533,000. Jacobi Capital Management LLC boosted its stake in Accenture PLC by 104.8% in the 3rd quarter. Jacobi Capital Management LLC now owns 727 shares of the information technology services provider’s stock worth $100,000 after purchasing an additional 372 shares during the period. TCI Wealth Advisors Inc. boosted its stake in 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 worth $106,000 after purchasing an additional 162 shares during the period. Bellwether Investment Group LLC boosted its stake in Accenture PLC by 64.2% in the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after purchasing an additional 359 shares during the period. Finally, Manchester Capital Management LLC boosted its stake in Accenture PLC by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 60 shares during the period. 71.36% of the stock is owned by hedge funds and other institutional investors.
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ACN has been the subject of several analyst reports. Stifel Nicolaus raised their target price 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 target price for the company in a research note on Thursday, September 14th. Royal Bank Of Canada raised their target price 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 downgraded 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 target price 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 assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Accenture PLC presently has an average rating of “Buy” and a consensus target price of $143.73.
Shares of Accenture PLC (NYSE ACN) opened at $147.11 on Friday. The company has a market capitalization of $97,086.42, a PE ratio of 24.89, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08. Accenture PLC has a 1 year low of $112.31 and a 1 year high of $148.47.
Accenture PLC (NYSE:ACN) last released its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $9.01 billion. During the same quarter last year, the business posted $1.31 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. analysts forecast that Accenture PLC will post 6.54 earnings per share for the current fiscal year.
The company also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 15th. Investors of record on Thursday, October 19th were paid a dividend of $1.33 per share. This represents a yield of 1.97%. The ex-dividend date was Wednesday, October 18th. Accenture PLC’s payout ratio is presently 48.90%.
In related news, COO Johan Deblaere sold 5,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.05, for a total transaction of $675,250.00. Following the completion of the transaction, the chief operating officer now directly owns 120,817 shares of the company’s stock, valued at $16,316,335.85. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Richard P. Clark sold 3,155 shares of the 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 transaction, the insider now directly owns 5,533 shares of the company’s stock, valued at $791,274.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,325 shares of company stock valued at $11,479,125. 0.21% of the stock is owned by corporate insiders.
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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