Jaffetilchin Investment Partners LLC raised its position in Accenture Plc (NYSE:ACN) by 6.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,374 shares of the information technology services provider’s stock after buying an additional 207 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Accenture were worth $594,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Sandy Spring Bank raised its stake in shares of Accenture by 17.7% in the 1st quarter. Sandy Spring Bank now owns 34,986 shares of the information technology services provider’s stock valued at $6,158,000 after purchasing an additional 5,253 shares in the last quarter. Wendell David Associates Inc. raised its stake in shares of Accenture by 0.9% in the 1st quarter. Wendell David Associates Inc. now owns 37,354 shares of the information technology services provider’s stock valued at $6,575,000 after purchasing an additional 350 shares in the last quarter. Mason Street Advisors LLC raised its stake in shares of Accenture by 1.2% in the 1st quarter. Mason Street Advisors LLC now owns 90,940 shares of the information technology services provider’s stock valued at $16,007,000 after purchasing an additional 1,069 shares in the last quarter. Field & Main Bank acquired a new stake in shares of Accenture in the 1st quarter valued at about $892,000. Finally, Pinnacle Financial Partners Inc. raised its stake in shares of Accenture by 14.8% in the 4th quarter. Pinnacle Financial Partners Inc. now owns 6,699 shares of the information technology services provider’s stock valued at $945,000 after purchasing an additional 864 shares in the last quarter. 69.29% of the stock is owned by institutional investors.
In other Accenture news, COO Johan Deblaere sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $175.80, for a total value of $527,400.00. Following the sale, the chief operating officer now owns 74,937 shares in the company, valued at $13,173,924.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Chad T. Jerdee sold 2,441 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $177.77, for a total transaction of $433,936.57. Following the completion of the sale, the general counsel now owns 13,381 shares in the company, valued at approximately $2,378,740.37. The disclosure for this sale can be found here. Insiders sold 65,919 shares of company stock worth $11,695,852 in the last 90 days. 0.18% of the stock is owned by company insiders.
ACN traded up $1.08 on Wednesday, hitting $184.45. 42,516 shares of the company’s stock were exchanged, compared to its average volume of 1,892,249. The firm has a market cap of $123.94 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 2.43 and a beta of 1.07. Accenture Plc has a twelve month low of $132.63 and a twelve month high of $186.68.
Accenture (NYSE:ACN) last released its quarterly earnings data on Thursday, March 28th. The information technology services provider reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.16. The firm had revenue of $10.45 billion for the quarter, compared to analyst estimates of $10.30 billion. Accenture had a net margin of 10.52% and a return on equity of 38.57%. Accenture’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.58 earnings per share. Equities analysts anticipate that Accenture Plc will post 7.29 EPS for the current year.
The company also recently declared a semiannual dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 11th were paid a $1.46 dividend. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a dividend yield of 1.66%. Accenture’s payout ratio is currently 43.32%.
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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.
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