Bray Capital Advisors Has $2.01 Million Stake in Accenture Plc (ACN)

Bray Capital Advisors cut its holdings in shares of Accenture Plc (NYSE:ACN) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,810 shares of the information technology services provider’s stock after selling 599 shares during the period. Bray Capital Advisors’ holdings in Accenture were worth $2,010,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. WP Advisors LLC acquired a new position in shares of Accenture during the second quarter worth approximately $106,000. MUFG Securities EMEA plc acquired a new position in shares of Accenture during the second quarter worth approximately $118,000. Fort L.P. acquired a new position in shares of Accenture during the second quarter worth approximately $124,000. Valeo Financial Advisors LLC boosted its position in shares of Accenture by 48.3% during the second quarter. Valeo Financial Advisors LLC now owns 1,010 shares of the information technology services provider’s stock worth $162,000 after buying an additional 329 shares during the period. Finally, Charter Trust Co. acquired a new position in shares of Accenture during the second quarter worth approximately $204,000. Institutional investors and hedge funds own 70.37% of the company’s stock.

In other news, General Counsel Chad T. Jerdee sold 2,441 shares of the stock in a transaction on Thursday, October 25th. The stock was sold at an average price of $156.59, for a total transaction of $382,236.19. Following the completion of the sale, the general counsel now owns 14,288 shares in the company, valued at approximately $2,237,357.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arun Sarin sold 1,170 shares of the stock in a transaction on Friday, October 5th. The shares were sold at an average price of $171.40, for a total value of $200,538.00. Following the sale, the director now owns 4,582 shares of the company’s stock, valued at approximately $785,354.80. The disclosure for this sale can be found here. Insiders have sold a total of 61,604 shares of company stock valued at $10,332,891 in the last quarter. Insiders own 0.21% of the company’s stock.

Several brokerages have recently issued reports on ACN. Deutsche Bank boosted their price objective on Accenture from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, September 20th. SunTrust Banks boosted their price objective on Accenture to $178.00 and gave the stock a “hold” rating in a research report on Monday, October 1st. Zacks Investment Research upgraded Accenture from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Moffett Nathanson initiated coverage on Accenture in a research report on Thursday, October 4th. They set a “buy” rating and a $200.00 price objective for the company. Finally, UBS Group set a $180.00 target price on Accenture and gave the stock a “hold” rating in a research report on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $176.37.

ACN opened at $157.62 on Thursday. Accenture Plc has a 1-year low of $141.47 and a 1-year high of $175.64. The company has a market capitalization of $104.32 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 2.08 and a beta of 0.98.

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

The business also recently disclosed a semiannual dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, October 18th will be given a dividend of $1.46 per share. This represents a dividend yield of 1.68%. The ex-dividend date of this dividend is Wednesday, October 17th. This is an increase from Accenture’s previous semiannual dividend of $1.21. Accenture’s dividend payout ratio is 43.32%.

Accenture 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.

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Institutional Ownership by Quarter for Accenture (NYSE:ACN)

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