Marietta Wealth Management LLC Acquires 786 Shares of Accenture PLC (ACN)
Marietta Wealth Management LLC increased its holdings in shares of Accenture PLC (NYSE:ACN) by 7.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,091 shares of the information technology services provider’s stock after purchasing an additional 786 shares during the period. Marietta Wealth Management LLC’s holdings in Accenture PLC were worth $1,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of ACN. Waldron LP raised its holdings in shares of Accenture PLC by 93.3% during the first quarter. Waldron LP now owns 5,709 shares of the information technology services provider’s stock worth $684,000 after purchasing an additional 2,756 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Accenture PLC by 86.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 66,186 shares of the information technology services provider’s stock worth $7,934,000 after purchasing an additional 30,627 shares during the last quarter. Stack Financial Management Inc raised its holdings in shares of Accenture PLC by 0.5% during the first quarter. Stack Financial Management Inc now owns 338,159 shares of the information technology services provider’s stock worth $40,539,000 after purchasing an additional 1,600 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Accenture PLC by 12.7% during the first quarter. Ameriprise Financial Inc. now owns 1,009,366 shares of the information technology services provider’s stock worth $121,003,000 after purchasing an additional 114,005 shares during the last quarter. Finally, Toronto Dominion Bank purchased a new position in shares of Accenture PLC during the first quarter worth $20,142,000. 77.69% of the stock is owned by hedge funds and other institutional investors.
ACN has been the subject of several recent research reports. Zacks Investment Research raised shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Monday, August 28th. Stifel Nicolaus raised their target price on shares of Accenture PLC from $138.00 to $146.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. Cowen and Company raised their target price on shares of Accenture PLC from $131.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, June 28th. BMO Capital Markets reissued a “hold” rating and set a $130.00 target price (up previously from $125.00) on shares of Accenture PLC in a report on Thursday, June 22nd. Finally, Morgan Stanley raised their target price on shares of Accenture PLC from $132.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, September 22nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $141.84.
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Accenture PLC (NYSE:ACN) opened at 139.09 on Tuesday. The stock has a 50 day moving average of $135.07 and a 200 day moving average of $126.75. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $140.00. The stock has a market capitalization of $85.89 billion, a P/E ratio of 25.56 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last issued its quarterly earnings data on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.47 by $0.01. The firm had revenue of $9.15 billion for the quarter, compared to analysts’ expectations of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.31 EPS. On average, analysts expect that Accenture PLC will post $6.56 earnings per share 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 paid a $1.33 dividend. The ex-dividend date is Wednesday, October 18th. This represents a yield of 1.97%. Accenture PLC’s payout ratio is 44.49%.
In related news, insider Daniel T. London sold 637 shares of the stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $136.03, for a total value of $86,651.11. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Richard Lumb sold 2,200 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $135.06, for a total transaction of $297,132.00. Following the completion of the sale, the insider now directly owns 118,085 shares in the company, valued at $15,948,560.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,310 shares of company stock worth $8,854,197. 0.21% of the stock is owned by corporate insiders.
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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