Isthmus Partners LLC cut its holdings in Accenture PLC (NYSE:ACN) by 0.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 50,493 shares of the information technology services provider’s stock after selling 387 shares during the quarter. Accenture PLC comprises 1.8% of Isthmus Partners LLC’s holdings, making the stock its 25th largest position. Isthmus Partners LLC’s holdings in Accenture PLC were worth $6,245,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its stake in 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 valued at $58,532,000 after buying an additional 75,100 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in 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 valued at $258,221,000 after buying an additional 97,760 shares during the last quarter. Retirement Systems of Alabama raised its stake in 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 valued at $42,067,000 after buying an additional 916 shares during the last quarter. Vigilant Capital Management LLC raised its stake in 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 valued at $12,568,000 after buying an additional 1,780 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in 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 valued at $4,411,000 after buying an additional 795 shares during the last quarter. Institutional investors own 77.69% of the company’s stock.

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Shares of Accenture PLC (NYSE ACN) opened at 139.20 on Monday. Accenture PLC has a 12-month low of $112.31 and a 12-month high of $140.00. The firm has a market capitalization of $85.96 billion, a price-to-earnings ratio of 25.58 and a beta of 1.08. The company’s 50-day moving average price is $135.07 and its 200 day moving average price is $126.75.

Accenture PLC (NYSE:ACN) last posted its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.01. The firm had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.31 EPS. On average, equities research analysts forecast that Accenture PLC will post $6.56 EPS for the current fiscal year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th will be paid a dividend of $1.33 per share. This represents a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, October 18th. Accenture PLC’s dividend payout ratio (DPR) is 44.49%.

A number of equities research analysts have commented on ACN shares. Stifel Nicolaus increased their price target on Accenture PLC from $138.00 to $146.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $151.00 price target for the company in a research note on Thursday, September 14th. Royal Bank Of Canada increased their price target on Accenture PLC from $145.00 to $148.00 and gave the company an “outperform” rating in a research note on Friday, September 29th. BidaskClub cut Accenture PLC from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, KeyCorp reiterated a “buy” rating and issued a $149.00 price target on shares of Accenture PLC in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $141.84.

In other news, CEO Pierre Nanterme sold 38,589 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $135.03, for a total transaction of $5,210,672.67. Following the completion of the transaction, the chief executive officer now directly owns 179,083 shares of the company’s stock, valued at approximately $24,181,577.49. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Richard Lumb sold 2,200 shares of the 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 transaction, the insider now directly owns 119,942 shares of the company’s stock, valued at $15,293,804.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,310 shares of company stock valued at $8,854,197. Company insiders own 0.21% of the company’s stock.

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.

Institutional Ownership by Quarter for Accenture PLC (NYSE:ACN)

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