Vantage Investment Advisors LLC grew its stake in Accenture PLC (NYSE:ACN) by 18.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,524 shares of the information technology services provider’s stock after buying an additional 6,307 shares during the period. Accenture PLC accounts for about 1.4% of Vantage Investment Advisors LLC’s holdings, making the stock its 27th biggest holding. Vantage Investment Advisors LLC’s holdings in Accenture PLC were worth $5,012,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Bellwether Investment Group LLC grew its stake in Accenture PLC by 64.2% during the first quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after purchasing an additional 359 shares during the period. Manchester Capital Management LLC grew its stake in Accenture PLC by 7.0% during the second quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 60 shares during the period. Parkside Financial Bank & Trust grew its stake in Accenture PLC by 2.0% during the first quarter. Parkside Financial Bank & Trust now owns 978 shares of the information technology services provider’s stock worth $117,000 after purchasing an additional 19 shares during the period. Harbour Capital Advisors LLC acquired a new stake in Accenture PLC during the first quarter worth approximately $122,000. Finally, Farmers & Merchants Investments Inc. grew its stake in Accenture PLC by 28.9% during the second quarter. Farmers & Merchants Investments Inc. now owns 1,115 shares of the information technology services provider’s stock worth $138,000 after purchasing an additional 250 shares during the period. 77.73% of the stock is owned by institutional investors.
In related news, insider Richard Lumb sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $127.51, for a total value of $280,522.00. Following the sale, the insider now owns 119,942 shares in the company, valued at approximately $15,293,804.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Julie Spellman Sweet sold 1,974 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $128.68, for a total value of $254,014.32. Following the completion of the sale, the insider now owns 14,082 shares in the company, valued at approximately $1,812,071.76. The disclosure for this sale can be found here. Insiders sold a total of 70,073 shares of company stock worth $9,317,545 in the last 90 days. 0.21% of the stock is currently owned by company insiders.
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Shares of Accenture PLC (NYSE ACN) opened at 136.25 on Monday. Accenture PLC has a 52 week low of $112.31 and a 52 week high of $138.70. The firm has a 50-day moving average price of $133.54 and a 200-day moving average price of $126.10. The firm has a market cap of $84.14 billion, a PE ratio of 25.04 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last posted its earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The firm had revenue of $9.15 billion for the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the prior year, the business earned $1.31 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities research analysts predict that Accenture PLC will post $6.56 earnings per share for the current year.
The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be paid a $1.33 dividend. The ex-dividend date is Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s payout ratio is currently 44.49%.
Several equities research analysts recently commented on the company. Berenberg Bank set a $140.00 target price on Accenture PLC and gave the stock a “buy” rating in a research note on Saturday, June 24th. Cowen and Company reaffirmed a “buy” rating and set a $135.00 target price on shares of Accenture PLC in a research note on Friday, July 28th. Societe Generale cut Accenture PLC from a “buy” rating to a “hold” rating and set a $144.00 target price for the company. in a research note on Thursday, September 28th. Royal Bank Of Canada raised their target price on Accenture PLC from $145.00 to $148.00 and gave the stock an “outperform” rating in a research note on Friday, September 29th. Finally, SunTrust Banks, Inc. set a $130.00 target price on Accenture PLC and gave the stock a “hold” rating in a research note on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $141.84.
About Accenture PLC
Accenture plc is a professional services company serving clients in various industries and in geographic regions, including North America, Europe and Growth Markets. The Company provides management and technology consulting services. Its segments include Communications, Media and Technology; Financial Services; Health and Public Service; Products, and Resources.
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