Accenture PLC (ACN) Holdings Trimmed by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. cut its stake in shares of Accenture PLC (NYSE:ACN) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 613,870 shares of the information technology services provider’s stock after selling 5,069 shares during the period. Accenture comprises approximately 0.7% of Cornerstone Capital Management Holdings LLC.’s investment portfolio, making the stock its 26th largest holding. Cornerstone Capital Management Holdings LLC. owned 0.09% of Accenture worth $82,914,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Atlanta Capital Management Co. L L C raised its stake in shares of Accenture by 4.6% during the 3rd quarter. Atlanta Capital Management Co. L L C now owns 580,977 shares of the information technology services provider’s stock worth $78,472,000 after purchasing an additional 25,671 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of Accenture by 590.1% during the 3rd quarter. Alyeska Investment Group L.P. now owns 146,288 shares of the information technology services provider’s stock worth $19,759,000 after purchasing an additional 125,090 shares during the period. Boothbay Fund Management LLC bought a new stake in shares of Accenture during the 3rd quarter worth $337,000. Cadinha & Co. LLC raised its stake in shares of Accenture by 0.9% during the 3rd quarter. Cadinha & Co. LLC now owns 97,147 shares of the information technology services provider’s stock worth $13,122,000 after purchasing an additional 907 shares during the period. Finally, Lenox Wealth Management Inc. raised its stake in shares of Accenture by 47.2% during the 3rd quarter. Lenox Wealth Management Inc. now owns 18,935 shares of the information technology services provider’s stock worth $2,557,000 after purchasing an additional 6,072 shares during the period. Institutional investors and hedge funds own 72.51% of the company’s stock.

Accenture PLC (NYSE ACN) opened at $148.60 on Friday. The firm has a market capitalization of $97,851.98, a PE ratio of 25.09, a price-to-earnings-growth ratio of 2.19 and a beta of 1.08. Accenture PLC has a twelve month low of $112.31 and a twelve month high of $148.66.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion during the quarter, compared to analyst estimates of $9.01 billion. Accenture had a return on equity of 42.65% and a net margin of 9.37%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.31 EPS. 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. Shareholders of record on Thursday, October 19th were issued a dividend of $1.33 per share. This represents a yield of 1.97%. The ex-dividend date of this dividend was Wednesday, October 18th. Accenture’s payout ratio is presently 48.90%.

A number of equities research analysts have recently commented on the company. Robert W. Baird reiterated a “hold” rating and set a $155.00 target price on shares of Accenture in a research note on Thursday. Zacks Investment Research raised Accenture from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Tuesday, November 28th. Evercore ISI lifted their price objective on Accenture from $148.00 to $162.00 and gave the stock a “reduce” rating in a report on Thursday, November 16th. Stifel Nicolaus reissued a “buy” rating and issued a $150.00 price objective on shares of Accenture in a report on Friday, November 3rd. Finally, Pivotal Research assumed coverage on Accenture in a report on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price objective for the company. Two equities 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 stock. The stock presently has a consensus rating of “Buy” and an average target price of $144.38.

In other Accenture news, insider Richard Lumb sold 2,200 shares of Accenture stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $135.06, for a total transaction of $297,132.00. Following the completion of the transaction, the insider now owns 118,085 shares of the company’s stock, valued at approximately $15,948,560.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard P. Clark sold 3,155 shares of Accenture stock in a transaction dated 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 approximately $791,274.33. The disclosure for this sale can be found here. Insiders have sold a total of 83,325 shares of company stock valued at $11,479,125 in the last ninety days. Insiders own 0.21% of the company’s stock.

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Accenture 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 (NYSE:ACN)

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