Accenture PLC (ACN) is Hallmark Capital Management Inc.’s 10th Largest Position
Hallmark Capital Management Inc. lifted its stake in Accenture PLC (NYSE:ACN) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,943 shares of the company’s stock after purchasing an additional 638 shares during the period. Accenture PLC comprises about 2.2% of Hallmark Capital Management Inc.’s holdings, making the stock its 10th largest holding. Hallmark Capital Management Inc.’s holdings in Accenture PLC were worth $17,551,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Eagle Ridge Investment Management purchased a new stake in Accenture PLC during the 3rd quarter worth about $359,000. Canada Pension Plan Investment Board lifted its holdings in Accenture PLC by 18.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 473,257 shares of the company’s stock worth $58,532,000 after buying an additional 75,100 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Accenture PLC by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,087,814 shares of the company’s stock worth $258,221,000 after buying an additional 97,760 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in Accenture PLC by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 340,128 shares of the company’s stock worth $42,067,000 after buying an additional 916 shares during the last quarter. Finally, Koch Industries Inc. lifted its holdings in Accenture PLC by 18,227.9% during the 2nd quarter. Koch Industries Inc. now owns 329,903 shares of the company’s stock worth $327,000 after buying an additional 328,103 shares during the last quarter. Hedge funds and other institutional investors own 77.47% of the company’s stock.
ACN has been the subject of a number of recent analyst reports. Cowen and Company set a $150.00 price target on Accenture PLC and gave the stock a “buy” rating in a report on Monday, October 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $150.00 price target on shares of Accenture PLC in a report on Sunday, October 1st. Barclays PLC lifted their price target on Accenture PLC from $124.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 27th. 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 Wednesday, September 6th. Finally, Morgan Stanley lifted their price target on Accenture PLC from $132.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$142.89.
Shares of Accenture PLC (NYSE:ACN) opened at C$143.89 on Friday. Accenture PLC has a twelve month low of C$112.31 and a twelve month high of C$145.00. The firm has a market capitalization of $88,451.77, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 28th. The company reported C$1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$1.47 by C$0.01. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The company had revenue of C$9.15 billion for the quarter, compared to analyst estimates of C$9.01 billion. During the same quarter in the previous year, the company earned $1.31 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. analysts predict that Accenture PLC will post 6.54 earnings per share for the current year.
The firm also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be issued a $1.33 dividend. This represents a yield of 1.97%. The ex-dividend date is Wednesday, October 18th. Accenture PLC’s dividend payout ratio is presently 48.90%.
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In other Accenture PLC news, insider Daniel T. London sold 637 shares of Accenture PLC stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of C$136.03, for a total value of C$86,651.11. 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 Accenture PLC stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of C$135.06, for a total value of C$297,132.00. Following the completion of the sale, the insider now directly owns 118,085 shares in the company, valued at approximately C$15,948,560.10. The disclosure for this sale can be found here. Insiders sold a total of 83,325 shares of company stock worth $11,479,125 in the last ninety days. 0.21% of the stock is owned by corporate insiders.
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.
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