Accenture Plc (ACN) is Arvest Bank Trust Division’s 9th Largest Position

Arvest Bank Trust Division trimmed its holdings in Accenture Plc (NYSE:ACN) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 174,590 shares of the information technology services provider’s stock after selling 2,777 shares during the period. Accenture comprises about 2.0% of Arvest Bank Trust Division’s investment portfolio, making the stock its 9th largest holding. Arvest Bank Trust Division’s holdings in Accenture were worth $29,715,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Accenture by 2.0% during the second quarter. BlackRock Inc. now owns 43,175,666 shares of the information technology services provider’s stock worth $7,063,106,000 after buying an additional 826,900 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Accenture by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 10,404,851 shares of the information technology services provider’s stock worth $1,702,132,000 after buying an additional 153,734 shares during the period. Northern Trust Corp boosted its position in shares of Accenture by 2.6% during the second quarter. Northern Trust Corp now owns 9,808,588 shares of the information technology services provider’s stock worth $1,604,587,000 after buying an additional 246,828 shares during the period. WCM Investment Management CA boosted its position in shares of Accenture by 3.4% during the second quarter. WCM Investment Management CA now owns 5,693,465 shares of the information technology services provider’s stock worth $931,394,000 after buying an additional 189,666 shares during the period. Finally, Polen Capital Management LLC boosted its position in shares of Accenture by 1.5% during the second quarter. Polen Capital Management LLC now owns 5,124,412 shares of the information technology services provider’s stock worth $838,303,000 after buying an additional 75,613 shares during the period. 70.37% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE ACN opened at $154.62 on Wednesday. Accenture Plc has a 52 week low of $141.47 and a 52 week high of $175.64. The company has a market cap of $104.20 billion, a P/E ratio of 22.94, a P/E/G ratio of 2.07 and a beta of 0.98.

Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, September 27th. The information technology services provider reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.02. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $10.01 billion. Accenture had a return on equity of 41.92% and a net margin of 9.76%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.48 earnings per share. Equities analysts predict that Accenture Plc will post 7.21 EPS for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, October 18th will be paid a $1.46 dividend. This is a positive change from Accenture’s previous semiannual dividend of $1.21. The ex-dividend date is Wednesday, October 17th. This represents a yield of 1.68%. Accenture’s dividend payout ratio is currently 43.32%.

ACN has been the subject of several recent research reports. Bank of America upped their price objective on Accenture from $174.00 to $175.00 and gave the stock a “neutral” rating in a research report on Monday, September 24th. Credit Suisse Group set a $170.00 price objective on Accenture and gave the stock a “hold” rating in a research report on Friday, September 28th. Argus upped their price objective on Accenture to $200.00 and gave the stock a “positive” rating in a research report on Friday, September 28th. They noted that the move was a valuation call. Berenberg Bank raised Accenture to a “buy” rating and set a $190.00 price objective for the company in a research report on Thursday, September 27th. Finally, SunTrust Banks upped their price objective on Accenture to $178.00 and gave the stock a “hold” rating in a research report on Monday, October 1st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $176.37.

In other Accenture news, CEO Pierre Nanterme sold 30,117 shares of the company’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $173.45, for a total value of $5,223,793.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO David Rowland sold 1,559 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $160.41, for a total value of $250,079.19. The disclosure for this sale can be found here. Insiders sold 61,604 shares of company stock worth $10,332,891 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions for communications, media, and high tech industries, as well as for software platforms.

Read More: Understanding Price to Earnings Ratio (PE)

Want to see what other hedge funds are holding ACN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Accenture Plc (NYSE:ACN).

Institutional Ownership by Quarter for Accenture (NYSE:ACN)

Receive News & Ratings for Accenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Accenture and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply