Williams Jones & Associates LLC raised its position in Accenture Plc (NYSE:ACN) by 7.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 509,852 shares of the information technology services provider’s stock after acquiring an additional 35,395 shares during the quarter. Accenture makes up about 2.0% of Williams Jones & Associates LLC’s holdings, making the stock its 14th biggest holding. Williams Jones & Associates LLC’s holdings in Accenture were worth $89,744,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of ACN. Valley National Advisers Inc. boosted its position in shares of Accenture by 70.2% during the 4th quarter. Valley National Advisers Inc. now owns 177 shares of the information technology services provider’s stock worth $25,000 after purchasing an additional 73 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Accenture in the 1st quarter valued at $27,000. Financial Gravity Wealth Inc. acquired a new stake in Accenture during the 1st quarter worth about $30,000. Semmax Financial Advisors Inc. acquired a new stake in Accenture during the 1st quarter worth about $32,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Accenture by 455.9% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 189 shares of the information technology services provider’s stock worth $33,000 after acquiring an additional 155 shares during the period. Institutional investors own 69.29% of the company’s stock.
Shares of Accenture stock traded up $0.14 during trading on Friday, hitting $185.09. 27,149 shares of the stock traded hands, compared to its average volume of 1,532,340. The firm has a market cap of $124.04 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 2.45 and a beta of 1.08. Accenture Plc has a twelve month low of $132.63 and a twelve month 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 Thomson Reuters’ consensus estimate of $1.57 by $0.16. The business had revenue of $10.45 billion during the quarter, compared to analyst estimates of $10.30 billion. Accenture had a return on equity of 38.57% and a net margin of 10.52%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.58 EPS. On average, equities research analysts predict 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. Stockholders of record on Thursday, April 11th were issued a dividend of $1.46 per share. The ex-dividend date was Wednesday, April 10th. This represents a dividend yield of 1.66%. Accenture’s dividend payout ratio is 43.32%.
In other news, General Counsel Chad T. Jerdee sold 2,441 shares of Accenture stock in a transaction dated Monday, April 22nd. The stock was 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 directly owns 13,381 shares in the company, valued at approximately $2,378,740.37. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO David Rowland sold 4,869 shares of Accenture stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $179.72, for a total value of $875,056.68. Following the sale, the chief executive officer now owns 31,516 shares of the company’s stock, valued at $5,664,055.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,919 shares of company stock valued at $11,695,852. 0.18% of the stock is owned by corporate insiders.
A number of equities research analysts have commented on the company. Berenberg Bank restated a “buy” rating and set a $190.00 price objective on shares of Accenture in a research report on Monday, April 1st. William Blair restated an “outperform” rating on shares of Accenture in a research report on Friday, March 29th. Credit Suisse Group set a $170.00 price objective on Accenture and gave the stock a “hold” rating in a research report on Tuesday, April 9th. ValuEngine upgraded Accenture from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, Bank of America lowered Accenture from a “buy” rating to a “neutral” rating in a research report on Friday, May 3rd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $185.11.
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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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