Lakeview Capital Partners LLC decreased its holdings in Accenture Plc (NYSE:ACN) by 10.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,034 shares of the information technology services provider’s stock after selling 239 shares during the period. Lakeview Capital Partners LLC’s holdings in Accenture were worth $391,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of ACN. Farmers National Bank lifted its position in shares of Accenture by 6.2% during the second quarter. Farmers National Bank now owns 924 shares of the information technology services provider’s stock worth $171,000 after acquiring an additional 54 shares in the last quarter. Private Trust Co. NA grew its position in Accenture by 1.6% in the 2nd quarter. Private Trust Co. NA now owns 3,642 shares of the information technology services provider’s stock worth $672,000 after purchasing an additional 57 shares during the period. Modera Wealth Management LLC grew its position in Accenture by 1.5% in the 2nd quarter. Modera Wealth Management LLC now owns 3,891 shares of the information technology services provider’s stock worth $719,000 after purchasing an additional 57 shares during the period. Pegasus Asset Management Inc. grew its position in Accenture by 0.4% in the 3rd quarter. Pegasus Asset Management Inc. now owns 16,876 shares of the information technology services provider’s stock worth $3,246,000 after purchasing an additional 60 shares during the period. Finally, Enterprise Bank & Trust Co grew its position in Accenture by 0.7% in the 2nd quarter. Enterprise Bank & Trust Co now owns 9,780 shares of the information technology services provider’s stock worth $1,807,000 after purchasing an additional 65 shares during the period. Institutional investors own 69.98% of the company’s stock.
In other Accenture news, insider Ellyn Shook sold 4,688 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $183.65, for a total transaction of $860,951.20. Following the transaction, the insider now owns 27,271 shares in the company, valued at approximately $5,008,319.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Julie Spellman Sweet sold 12,961 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $185.69, for a total value of $2,406,728.09. Following the transaction, the chief executive officer now owns 22,702 shares in the company, valued at approximately $4,215,534.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,014 shares of company stock worth $6,859,750. 0.18% of the stock is owned by corporate insiders.
NYSE ACN traded up $0.61 during trading hours on Friday, hitting $189.70. 1,255,713 shares of the company traded hands, compared to its average volume of 1,885,322. The business’s 50-day moving average is $187.48 and its 200-day moving average is $187.54. Accenture Plc has a twelve month low of $132.63 and a twelve month high of $202.80. The stock has a market capitalization of $125.58 billion, a price-to-earnings ratio of 25.77, a P/E/G ratio of 2.32 and a beta of 1.03.
Accenture (NYSE:ACN) last issued its quarterly earnings results on Thursday, September 26th. The information technology services provider reported $1.74 EPS for the quarter, beating the consensus estimate of $1.71 by $0.03. Accenture had a return on equity of 34.30% and a net margin of 11.06%. The firm had revenue of $11.06 billion during the quarter, compared to analysts’ expectations of $11.07 billion. During the same period in the prior year, the firm posted $1.58 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. As a group, research analysts forecast that Accenture Plc will post 7.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 17th will be paid a dividend of $0.80 per share. The ex-dividend date is Wednesday, October 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.69%. Accenture’s dividend payout ratio (DPR) is currently 43.48%.
A number of equities research analysts have commented on the stock. Redburn Partners assumed coverage on shares of Accenture in a research report on Monday, September 23rd. They issued a “buy” rating and a $227.00 target price for the company. Cowen reiterated an “outperform” rating and set a $205.00 price target (up previously from $195.00) on shares of Accenture in a research note on Monday, September 30th. ValuEngine cut shares of Accenture from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Argus lifted their price target on shares of Accenture to $220.00 and gave the stock a “buy” rating in a research note on Monday, July 15th. Finally, Barclays started coverage on shares of Accenture in a research note on Friday, September 20th. They set an “overweight” rating and a $228.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. Accenture has an average rating of “Buy” and a consensus price target of $203.25.
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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