BlackRock Inc. Purchases 1,196,578 Shares of Accenture PLC (ACN)
BlackRock Inc. boosted its position in Accenture PLC (NYSE:ACN) by 3.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,659,545 shares of the information technology services provider’s stock after buying an additional 1,196,578 shares during the quarter. BlackRock Inc. owned approximately 6.58% of Accenture PLC worth $5,028,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in ACN. Canada Pension Plan Investment Board boosted its holdings in shares of Accenture PLC by 18.9% in the second quarter. Canada Pension Plan Investment Board now owns 473,257 shares of the information technology services provider’s stock worth $58,532,000 after acquiring an additional 75,100 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Accenture PLC by 4.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,087,814 shares of the information technology services provider’s stock worth $258,221,000 after acquiring an additional 97,760 shares during the period. Retirement Systems of Alabama boosted its holdings in shares of Accenture PLC by 0.3% in the second quarter. Retirement Systems of Alabama now owns 340,128 shares of the information technology services provider’s stock worth $42,067,000 after acquiring an additional 916 shares during the period. Vigilant Capital Management LLC boosted its holdings in shares of Accenture PLC by 1.8% in the second quarter. Vigilant Capital Management LLC now owns 101,619 shares of the information technology services provider’s stock worth $12,568,000 after acquiring an additional 1,780 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Accenture PLC by 2.3% in the second quarter. Stratos Wealth Partners LTD. now owns 35,664 shares of the information technology services provider’s stock worth $4,411,000 after acquiring an additional 795 shares during the period. 77.73% of the stock is owned by institutional investors and hedge funds.
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A number of research firms have recently commented on ACN. BMO Capital Markets reaffirmed a “hold” rating and issued a $130.00 price target (up from $125.00) on shares of Accenture PLC in a report on Thursday, June 22nd. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Monday, August 28th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $138.00 price target (up from $131.50) on shares of Accenture PLC in a report on Friday, June 16th. Berenberg Bank reissued a “buy” rating and set a $160.00 price objective on shares of Accenture PLC in a research note on Thursday, September 21st. Finally, SunTrust Banks, Inc. set a $130.00 price objective on Accenture PLC and gave the company 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 issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $141.84.
In other Accenture PLC news, insider Richard Lumb sold 2,200 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $127.51, for a total value of $280,522.00. Following the completion of the sale, the insider now directly owns 119,942 shares in the company, valued at $15,293,804.42. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Pierre Nanterme sold 38,589 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the completion of the sale, the chief executive officer now owns 179,083 shares of the company’s stock, valued at $24,181,577.49. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,310 shares of company stock worth $8,854,197. 0.21% of the stock is currently owned by corporate insiders.
Shares of Accenture PLC (ACN) opened at 139.20 on Friday. The company has a market capitalization of $85.96 billion, a PE ratio of 25.58 and a beta of 1.08. The stock has a 50 day moving average price of $134.60 and a 200-day moving average price of $126.52. Accenture PLC has a 12 month low of $112.31 and a 12 month high of $139.65.
Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The company had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. Accenture PLC’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $1.31 earnings per share. Analysts forecast that Accenture PLC will post $6.56 EPS for the current year.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be issued a dividend of $1.33 per share. This represents a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s payout ratio is 44.49%.
Accenture PLC 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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