Voya Investment Management LLC boosted its holdings in shares of Accenture Plc (NYSE:ACN) by 17.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 395,332 shares of the information technology services provider’s stock after purchasing an additional 59,520 shares during the period. Voya Investment Management LLC owned about 0.06% of Accenture Plc worth $48,895,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Accenture Plc during the 2nd quarter worth approximately $533,000. TCI Wealth Advisors Inc. grew its holdings in shares of Accenture Plc by 23.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after acquiring an additional 162 shares during the period. Bellwether Investment Group LLC grew its holdings in shares of Accenture Plc by 64.2% during the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after acquiring an additional 359 shares during the period. Manchester Capital Management LLC grew its holdings in shares of Accenture Plc by 7.0% during the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after acquiring an additional 60 shares during the period. Finally, Harbour Capital Advisors LLC purchased a new position in shares of Accenture Plc during the 1st quarter worth approximately $122,000. Institutional investors own 77.69% of the company’s stock.
A number of research firms have weighed in on ACN. Berenberg Bank set a $140.00 target price on Accenture Plc and gave the stock a “buy” rating in a report on Saturday, June 24th. Cantor Fitzgerald reiterated a “buy” rating and set a $135.00 target price on shares of Accenture Plc in a report on Thursday, September 28th. KeyCorp reiterated a “buy” rating and set a $149.00 target price on shares of Accenture Plc in a report on Thursday, September 28th. BMO Capital Markets upped their target price on Accenture Plc from $130.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, September 29th. Finally, Wells Fargo & Company upped their target price on Accenture Plc from $147.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $141.84.
Accenture Plc (NYSE ACN) opened at 139.49 on Friday. Accenture Plc has a 52-week low of $112.31 and a 52-week high of $140.00. The company has a market capitalization of $86.14 billion, a PE ratio of 25.63 and a beta of 1.08. The company has a 50-day moving average price of $136.17 and a 200 day moving average price of $127.33.
Accenture Plc (NYSE:ACN) last released its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.01. Accenture Plc had a net margin of 10.20% and a return on equity of 43.70%. The business had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. During the same period in the previous year, the company earned $1.31 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Accenture Plc will post $6.56 earnings per share for the current year.
The company also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be issued a $1.33 dividend. This represents a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture Plc’s dividend payout ratio is currently 48.90%.
In other news, insider Daniel T. London sold 637 shares of Accenture Plc stock in a transaction on Friday, October 6th. The shares were sold at an average price of $136.03, for a total transaction of $86,651.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel T. London sold 4,808 shares of Accenture Plc stock in a transaction on Monday, July 24th. The stock was sold at an average price of $128.05, for a total transaction of $615,664.40. Following the sale, the insider now owns 22,681 shares of the company’s stock, valued at $2,904,302.05. The disclosure for this sale can be found here. Insiders sold 62,136 shares of company stock worth $8,319,660 over the last ninety days. Corporate insiders own 0.21% of the company’s stock.
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Accenture Plc Company Profile
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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