Andra AP fonden Increases Position in Accenture PLC (ACN)
Andra AP fonden lifted its position in shares of Accenture PLC (NYSE:ACN) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 118,800 shares of the company’s stock after buying an additional 2,400 shares during the period. Andra AP fonden’s holdings in Accenture PLC were worth $16,046,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Middleton & Co Inc MA purchased a new position in shares of Accenture PLC during the 3rd quarter valued at about $1,321,000. Warren Averett Asset Management LLC purchased a new position in Accenture PLC in the 3rd quarter worth approximately $227,000. Canada Pension Plan Investment Board increased its stake in Accenture PLC by 82.8% in the 3rd quarter. Canada Pension Plan Investment Board now owns 865,231 shares of the company’s stock worth $116,867,000 after purchasing an additional 391,974 shares during the period. Hallmark Capital Management Inc. increased its stake in Accenture PLC by 0.5% in the 3rd quarter. Hallmark Capital Management Inc. now owns 129,943 shares of the company’s stock worth $17,551,000 after purchasing an additional 638 shares during the period. Finally, Weatherly Asset Management L. P. increased its stake in Accenture PLC by 11.4% in the 3rd quarter. Weatherly Asset Management L. P. now owns 5,366 shares of the company’s stock worth $725,000 after purchasing an additional 550 shares during the period. 77.73% of the stock is currently owned by institutional investors.
Accenture PLC (ACN) opened at C$143.89 on Monday. The stock has a market capitalization of $94,961.36, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08. Accenture PLC has a one year low of C$112.31 and a one year high of C$145.00.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings data on Thursday, September 28th. The company reported C$1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.47 by C$0.01. The business had revenue of C$9.15 billion during the quarter, compared to analysts’ expectations of C$9.01 billion. Accenture PLC had a return on equity of 42.65% and a net margin of 9.37%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 earnings per share. analysts expect that Accenture PLC will post 6.54 earnings per share for the current fiscal year.
The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Thursday, October 19th will be paid 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 48.90%.
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A number of equities analysts have commented on ACN shares. Cowen and Company set a $150.00 price target on Accenture PLC and gave the stock a “buy” rating in a research note on Monday, October 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $150.00 price target on shares of Accenture PLC in a research note 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 research note 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 on the stock in a research note 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 research note on Friday, September 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$142.89.
In other Accenture PLC news, insider Gianfranco Casati sold 20,380 shares of Accenture PLC stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of C$142.72, for a total transaction of C$2,908,633.60. Following the completion of the transaction, the insider now owns 51,014 shares in the company, valued at C$7,280,718.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Pierre Nanterme sold 38,589 shares of Accenture PLC stock in a transaction on Monday, October 2nd. The shares were sold at an average price of C$135.03, for a total value of C$5,210,672.67. Following the transaction, the chief executive officer now owns 179,083 shares of the company’s stock, valued at approximately C$24,181,577.49. The disclosure for this sale can be found here. Insiders have sold 83,325 shares of company stock valued at $11,479,125 in the last quarter. 0.21% of the stock is owned by company 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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