McIlrath & Eck LLC grew its holdings in shares of Accenture Plc (NYSE:ACN) by 125.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135 shares of the information technology services provider’s stock after purchasing an additional 75 shares during the quarter. McIlrath & Eck LLC’s holdings in Accenture were worth $26,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in ACN. Thomasville National Bank acquired a new stake in Accenture during the 2nd quarter worth $208,000. Private Trust Co. NA boosted its position in shares of Accenture by 1.6% during the 2nd quarter. Private Trust Co. NA now owns 3,642 shares of the information technology services provider’s stock valued at $672,000 after acquiring an additional 57 shares during the last quarter. Swedbank boosted its position in shares of Accenture by 3.6% during the 2nd quarter. Swedbank now owns 1,059,266 shares of the information technology services provider’s stock valued at $195,721,000 after acquiring an additional 36,428 shares during the last quarter. Davis Rea LTD. boosted its position in shares of Accenture by 1.9% during the 2nd quarter. Davis Rea LTD. now owns 31,794 shares of the information technology services provider’s stock valued at $5,875,000 after acquiring an additional 583 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its position in shares of Accenture by 164.8% during the 2nd quarter. WINTON GROUP Ltd now owns 7,693 shares of the information technology services provider’s stock valued at $1,421,000 after acquiring an additional 4,788 shares during the last quarter. 69.98% of the stock is currently owned by institutional investors.
ACN traded up $0.61 on Friday, hitting $189.70. The company had a trading volume of 1,255,713 shares, compared to its average volume of 1,885,322. The firm has a market cap of $125.58 billion, a P/E ratio of 25.77, a PEG ratio of 2.32 and a beta of 1.03. Accenture Plc has a 1 year low of $132.63 and a 1 year high of $202.80. The company’s fifty day moving average price is $187.48 and its 200 day moving average price is $187.54.
Accenture (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 26th. The information technology services provider reported $1.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.03. The firm had revenue of $11.06 billion for the quarter, compared to analyst estimates of $11.07 billion. Accenture had a net margin of 11.06% and a return on equity of 34.30%. Accenture’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 EPS. On average, equities research analysts predict that Accenture Plc will post 7.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 17th will be issued a $0.80 dividend. The ex-dividend date is Wednesday, October 16th. This represents a $3.20 annualized dividend and a yield of 1.69%. Accenture’s dividend payout ratio (DPR) is currently 43.48%.
ACN has been the topic of several recent research reports. Cantor Fitzgerald set a $215.00 price target on shares of Accenture and gave the company a “buy” rating in a research report on Friday, September 27th. ValuEngine cut shares of Accenture from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. set a $216.00 price target on shares of Accenture and gave the company a “buy” rating in a research report on Friday, September 27th. Redburn Partners initiated coverage on shares of Accenture in a research report on Monday, September 23rd. They set a “buy” rating and a $227.00 price target on the stock. Finally, Zacks Investment Research cut shares of Accenture from a “hold” rating to a “sell” rating and set a $214.00 price target on the stock. in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $203.25.
In other Accenture news, insider Jean-Marc Ollagnier sold 2,663 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $185.21, for a total transaction of $493,214.23. Following the sale, the insider now directly owns 165,426 shares in the company, valued at $30,638,549.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Joel Unruch sold 804 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $186.68, for a total transaction of $150,090.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,014 shares of company stock worth $6,859,750. 0.18% of the stock is owned by insiders.
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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