McKinley Carter Wealth Services Inc. Has $3.73 Million Holdings in Accenture Plc (ACN)

McKinley Carter Wealth Services Inc. grew its position in Accenture Plc (NYSE:ACN) by 7.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,185 shares of the information technology services provider’s stock after acquiring an additional 1,547 shares during the period. Accenture accounts for 1.0% of McKinley Carter Wealth Services Inc.’s portfolio, making the stock its 22nd largest holding. McKinley Carter Wealth Services Inc.’s holdings in Accenture were worth $3,729,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc raised its stake in shares of Accenture by 1.5% in the third quarter. Vanguard Group Inc now owns 53,259,800 shares of the information technology services provider’s stock valued at $9,064,818,000 after acquiring an additional 770,904 shares during the last quarter. BlackRock Inc. raised its stake in shares of Accenture by 0.7% in the fourth quarter. BlackRock Inc. now owns 42,873,376 shares of the information technology services provider’s stock valued at $6,045,575,000 after acquiring an additional 316,879 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Accenture by 10,215.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 24,674,776 shares of the information technology services provider’s stock valued at $175,000 after acquiring an additional 24,435,584 shares during the last quarter. Northern Trust Corp raised its stake in shares of Accenture by 1.4% in the fourth quarter. Northern Trust Corp now owns 9,852,599 shares of the information technology services provider’s stock valued at $1,389,314,000 after acquiring an additional 139,968 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Accenture by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 8,446,583 shares of the information technology services provider’s stock valued at $1,189,171,000 after acquiring an additional 383,234 shares during the last quarter. Institutional investors own 69.09% of the company’s stock.

ACN stock opened at $178.81 on Friday. Accenture Plc has a fifty-two week low of $132.63 and a fifty-two week high of $183.35. The company has a market capitalization of $120.15 billion, a P/E ratio of 26.53, a P/E/G ratio of 2.38 and a beta of 1.12.

Accenture (NYSE:ACN) last released its earnings results on Thursday, March 28th. The information technology services provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.16. Accenture had a net margin of 10.52% and a return on equity of 38.57%. The firm had revenue of $10.45 billion during the quarter, compared to analyst estimates of $10.30 billion. During the same quarter in the previous year, the business earned $1.58 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts expect that Accenture Plc will post 7.31 earnings per share for the current fiscal year.

The firm also recently announced a semiannual dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th were issued a dividend of $1.46 per share. This represents a yield of 1.66%. The ex-dividend date was Wednesday, April 10th. Accenture’s dividend payout ratio is presently 43.32%.

In other Accenture news, insider Richard Lumb sold 18,000 shares of Accenture stock in a transaction on Friday, May 10th. The shares were sold at an average price of $172.82, for a total transaction of $3,110,760.00. Following the completion of the sale, the insider now owns 90,536 shares of the company’s stock, valued at approximately $15,646,431.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Rowland sold 4,869 shares of Accenture stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $179.72, for a total transaction of $875,056.68. Following the sale, the chief executive officer now directly owns 31,516 shares of the company’s stock, valued at approximately $5,664,055.52. The disclosure for this sale can be found here. Insiders have sold a total of 65,919 shares of company stock valued at $11,695,852 in the last ninety days. Company insiders own 0.18% of the company’s stock.

A number of research analysts have recently issued reports on ACN shares. Wells Fargo & Co lifted their target price on shares of Accenture from $165.00 to $181.00 and gave the company an “in-line” rating in a research note on Wednesday, March 20th. Zacks Investment Research cut shares of Accenture from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. ValuEngine upgraded shares of Accenture from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. UBS Group set a $180.00 price objective on shares of Accenture and gave the stock a “hold” rating in a research report on Thursday, March 28th. Finally, KeyCorp boosted their price objective on shares of Accenture from $173.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, March 29th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $183.58.

TRADEMARK VIOLATION WARNING: This piece was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://sportsperspectives.com/2019/05/25/mckinley-carter-wealth-services-inc-has-3-73-million-holdings-in-accenture-plc-acn.html.

Accenture Company Profile

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

See Also: How can investors find ex-dividend dates?

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.