Accenture PLC (ACN) Shares Bought by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Accenture PLC (NYSE:ACN) by 3.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,097 shares of the information technology services provider’s stock after buying an additional 3,338 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Accenture PLC were worth $12,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACN. Vantage Financial Partners Ltd. Inc. bought a new position in Accenture PLC in the 2nd quarter worth $533,000. TCI Wealth Advisors Inc. raised its holdings in Accenture PLC by 23.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 854 shares of the information technology services provider’s stock worth $106,000 after purchasing an additional 162 shares during the period. Bellwether Investment Group LLC raised its holdings in Accenture PLC by 64.2% in the 1st quarter. Bellwether Investment Group LLC now owns 918 shares of the information technology services provider’s stock worth $110,000 after purchasing an additional 359 shares during the period. Manchester Capital Management LLC raised its holdings in Accenture PLC by 7.0% in the 2nd quarter. Manchester Capital Management LLC now owns 920 shares of the information technology services provider’s stock worth $114,000 after purchasing an additional 60 shares during the period. Finally, Harbour Capital Advisors LLC bought a new position in Accenture PLC in the 1st quarter worth $122,000. 77.73% of the stock is currently owned by hedge funds and other institutional investors.
In other Accenture PLC news, insider Gianfranco Casati sold 20,380 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $142.72, for a total value of $2,908,633.60. Following the completion of the sale, the insider now owns 51,014 shares of the company’s stock, valued at $7,280,718.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Johan Deblaere sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $135.05, for a total transaction of $675,250.00. Following the completion of the sale, the chief operating officer now directly owns 120,817 shares of the company’s stock, valued at approximately $16,316,335.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,325 shares of company stock valued at $11,479,125. 0.21% of the stock is owned by insiders.
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ACN has been the topic of a number of recent research reports. Zacks Investment Research raised Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Monday, August 28th. Stifel Nicolaus raised their target price on 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 set a $150.00 target price on Accenture PLC and gave the stock a “buy” rating in a report on Monday, October 23rd. Morgan Stanley raised their target price on Accenture PLC from $132.00 to $140.00 and gave the stock an “equal weight” rating in a report on Friday, September 22nd. Finally, Bank of America Corporation initiated coverage on Accenture PLC in a report on Tuesday, September 12th. They issued a “buy” rating and a $150.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $142.89.
Accenture PLC (NYSE ACN) opened at $143.92 on Tuesday. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $145.00. The company has a market cap of $94,961.36, a PE ratio of 24.35, a P/E/G ratio of 2.13 and a beta of 1.08.
Accenture PLC (NYSE:ACN) last announced its quarterly earnings results 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. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The firm had revenue of $9.15 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter last year, the firm earned $1.31 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. equities analysts predict that Accenture PLC will post 6.54 earnings per share for the current year.
The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, November 15th. Investors of record on Thursday, October 19th will be issued a $1.33 dividend. This represents a dividend yield of 1.97%. The ex-dividend date is Wednesday, October 18th. Accenture PLC’s payout ratio is 48.90%.
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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