KC Investment Advisors LLC lifted its position in shares of Accenture Plc (NYSE:ACN) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,335 shares of the information technology services provider’s stock after acquiring an additional 70 shares during the quarter. KC Investment Advisors LLC’s holdings in Accenture were worth $411,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc lifted its stake in Accenture by 1.5% in the 3rd 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 buying an additional 770,904 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Accenture by 0.7% during the 4th quarter. BlackRock Inc. now owns 42,873,376 shares of the information technology services provider’s stock worth $6,045,575,000 after purchasing an additional 316,879 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Accenture by 10,215.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,674,776 shares of the information technology services provider’s stock worth $175,000 after purchasing an additional 24,435,584 shares during the period. Northern Trust Corp lifted its stake in shares of Accenture by 1.0% during the 1st quarter. Northern Trust Corp now owns 9,953,819 shares of the information technology services provider’s stock worth $1,752,071,000 after purchasing an additional 101,220 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Accenture by 4.8% during the 4th quarter. Geode Capital Management LLC now owns 8,446,583 shares of the information technology services provider’s stock worth $1,189,171,000 after purchasing an additional 383,234 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Ellyn Shook sold 2,343 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $175.83, for a total value of $411,969.69. Following the completion of the sale, the insider now directly owns 33,545 shares in the company, valued at approximately $5,898,217.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Chad T. Jerdee sold 2,441 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $177.77, for a total value of $433,936.57. Following the completion of the sale, the general counsel now owns 13,381 shares of the company’s stock, valued at $2,378,740.37. The disclosure for this sale can be found here. Over the last quarter, insiders sold 65,919 shares of company stock valued at $11,695,852. 0.18% of the stock is owned by insiders.
ACN has been the topic of a number of recent analyst reports. KeyCorp increased their price target on Accenture from $173.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, March 29th. Cantor Fitzgerald increased their price target on Accenture from $185.00 to $199.00 and gave the stock an “overweight” rating in a research note on Friday, March 29th. SunTrust Banks increased their price target on Accenture to $180.00 and gave the stock a “hold” rating in a research note on Friday, March 29th. They noted that the move was a valuation call. UBS Group set a $180.00 price target on Accenture and gave the stock a “hold” rating in a research note on Thursday, March 28th. Finally, Zacks Investment Research lowered Accenture from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $185.11.
ACN stock opened at $184.61 on Friday. The firm has a market cap of $124.04 billion, a PE ratio of 27.39, a PEG ratio of 2.45 and a beta of 1.08. Accenture Plc has a 52 week low of $132.63 and a 52 week high of $186.68.
Accenture (NYSE:ACN) last announced its quarterly earnings results on Thursday, March 28th. The information technology services provider reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.16. Accenture had a return on equity of 38.57% and a net margin of 10.52%. The firm had revenue of $10.45 billion during the quarter, compared to the consensus estimate of $10.30 billion. During the same period in the prior year, the firm earned $1.58 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Research analysts predict that Accenture Plc will post 7.29 earnings per share for the current year.
The business also recently declared a semiannual dividend, which was paid on Wednesday, May 15th. Investors of record on Thursday, April 11th were issued a $1.46 dividend. The ex-dividend date of this dividend was Wednesday, April 10th. This represents a yield of 1.66%. Accenture’s dividend 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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