Accenture PLC (ACN) Shares Sold by Capital Bank & Trust Co

Capital Bank & Trust Co lowered its holdings in Accenture PLC (NYSE:ACN) by 1.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 183,653 shares of the information technology services provider’s stock after selling 3,515 shares during the quarter. Capital Bank & Trust Co’s holdings in Accenture were worth $24,806,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ACN. Westwood Holdings Group Inc. grew its holdings in Accenture by 1,161.1% in the 1st quarter. Westwood Holdings Group Inc. now owns 687,543 shares of the information technology services provider’s stock valued at $82,423,000 after buying an additional 633,024 shares during the last quarter. Credit Suisse AG lifted its position in shares of Accenture by 17.7% in the 1st quarter. Credit Suisse AG now owns 1,326,717 shares of the information technology services provider’s stock worth $159,047,000 after acquiring an additional 199,275 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of Accenture in the 1st quarter worth approximately $342,000. Stellar Capital Management LLC lifted its position in shares of Accenture by 2.1% in the 1st quarter. Stellar Capital Management LLC now owns 20,095 shares of the information technology services provider’s stock worth $2,409,000 after acquiring an additional 419 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Accenture by 23.4% in the 1st quarter. HighTower Advisors LLC now owns 64,462 shares of the information technology services provider’s stock worth $7,730,000 after acquiring an additional 12,238 shares during the period. 72.51% of the stock is currently owned by hedge funds and other institutional investors.

Accenture PLC (ACN) opened at $150.53 on Monday. The company has a market capitalization of $99,343.48, a P/E ratio of 25.47, a P/E/G ratio of 2.23 and a beta of 1.08. Accenture PLC has a 52-week low of $112.31 and a 52-week high of $150.59.

Accenture (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 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 had a return on equity of 42.65% and a net margin of 9.37%. Accenture’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $1.31 EPS. equities analysts forecast 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. Investors of record on Thursday, October 19th were given a dividend of $1.33 per share. The ex-dividend date was Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture’s dividend payout ratio (DPR) is presently 48.90%.

In other Accenture news, CFO David Rowland sold 3,702 shares of Accenture stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $135.04, for a total value of $499,918.08. Following the completion of the transaction, the chief financial officer now owns 9,864 shares in the company, valued at approximately $1,332,034.56. The sale 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 Accenture stock in a transaction 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 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 90 days. 0.21% of the stock is owned by corporate insiders.

A number of analysts have commented on the company. Berenberg Bank reiterated a “buy” rating and issued a $160.00 price objective on shares of Accenture in a research report on Thursday, September 21st. Cowen reiterated a “buy” rating and issued a $150.00 price objective (up previously from $135.00) on shares of Accenture in a research report on Tuesday, September 19th. Societe Generale downgraded Accenture from a “buy” rating to a “hold” rating and set a $144.00 price objective for the company. in a research report on Thursday, September 28th. Susquehanna Bancshares reiterated a “neutral” rating and issued a $144.00 price objective on shares of Accenture in a research report on Tuesday, October 3rd. Finally, KeyCorp reiterated a “buy” rating and issued a $135.00 price objective on shares of Accenture in a research report on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $144.38.

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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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