Thomas Story & Son LLC cut its stake in shares of Accenture PLC (NYSE:ACN) by 1.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 76,505 shares of the information technology services provider’s stock after selling 760 shares during the period. Accenture PLC comprises approximately 5.6% of Thomas Story & Son LLC’s holdings, making the stock its 4th largest position. Thomas Story & Son LLC’s holdings in Accenture PLC were worth $10,334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACN. TCI Wealth Advisors Inc. increased its stake in shares of 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 in the last quarter. Bellwether Investment Group LLC increased its stake in shares of 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 in the last quarter. Manchester Capital Management LLC increased its stake in shares of 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 in the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of Accenture PLC in the 1st quarter worth $122,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of Accenture PLC by 5.3% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,030 shares of the information technology services provider’s stock worth $127,000 after purchasing an additional 52 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

In related news, insider Gianfranco Casati sold 20,380 shares of the 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 sale, the insider now directly owns 51,014 shares of the company’s stock, valued at approximately $7,280,718.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Johan Deblaere sold 5,000 shares of the 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 in the company, valued at $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.

Several research firms have recently commented on ACN. restated a “buy” rating and issued a $150.00 price objective on shares of Accenture PLC in a research note on Friday, November 3rd. began coverage on Accenture PLC in a research note on Wednesday, November 8th. They issued a “buy” rating and a $165.00 price objective for the company. KeyCorp restated a “buy” rating and issued a $149.00 price objective on shares of Accenture PLC in a research note on Sunday, October 29th. set a $150.00 price objective on Accenture PLC and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, upgraded Accenture PLC from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Thursday, September 21st. One research 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 company’s stock. The stock presently has an average rating of “Buy” and an average price target of $142.89.

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Accenture PLC (NYSE:ACN) opened at $144.96 on Wednesday. Accenture PLC has a 1-year low of $112.31 and a 1-year high of $145.50. The company has a market cap of $94,981.16, 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%.

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

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