Teacher Retirement System of Texas raised its stake in Accenture PLC (NYSE:ACN) by 165.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,068 shares of the information technology services provider’s stock after acquiring an additional 336,366 shares during the period. Teacher Retirement System of Texas owned 0.09% of Accenture PLC worth $72,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACN. Vanguard Group Inc. boosted its stake in shares of Accenture PLC by 2.3% during the second quarter. Vanguard Group Inc. now owns 48,468,073 shares of the information technology services provider’s stock worth $5,994,531,000 after buying an additional 1,088,676 shares during the period. BlackRock Inc. boosted its stake in shares of Accenture PLC by 3.0% during the second quarter. BlackRock Inc. now owns 40,659,545 shares of the information technology services provider’s stock worth $5,028,772,000 after buying an additional 1,196,578 shares during the period. Capital Research Global Investors boosted its stake in shares of Accenture PLC by 2.2% during the second quarter. Capital Research Global Investors now owns 28,501,643 shares of the information technology services provider’s stock worth $3,525,083,000 after buying an additional 605,156 shares during the period. State Street Corp boosted its stake in shares of Accenture PLC by 2.7% during the first quarter. State Street Corp now owns 25,356,641 shares of the information technology services provider’s stock worth $3,039,762,000 after buying an additional 665,860 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Accenture PLC by 0.8% during the second quarter. Northern Trust Corp now owns 9,476,570 shares of the information technology services provider’s stock worth $1,172,063,000 after buying an additional 70,740 shares during the period. Institutional investors own 71.36% of the company’s stock.

ACN has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Accenture PLC from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Monday, August 28th. Stifel Nicolaus increased their target price on shares of Accenture PLC from $138.00 to $146.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. KeyCorp reiterated a “buy” rating and set a $149.00 target price on shares of Accenture PLC in a research note on Sunday, October 29th. Cowen and Company set a $150.00 target price on shares of Accenture PLC and gave the stock a “buy” rating in a research note on Monday, October 23rd. Finally, Morgan Stanley increased their price target 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. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $143.73.

Shares of Accenture PLC (NYSE ACN) opened at $146.57 on Tuesday. The company has a market cap of $93,530.00, a P/E ratio of 24.61, a PEG ratio of 2.15 and a beta of 1.08. Accenture PLC has a 1 year low of $112.31 and a 1 year high of $147.28.

Accenture PLC (NYSE:ACN) last released its quarterly earnings results on Thursday, September 28th. The information technology services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.47 by $0.01. The business had revenue of $9.15 billion for the quarter, compared to analyst estimates of $9.01 billion. Accenture PLC had a net margin of 9.37% and a return on equity of 42.65%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.31 earnings per share. research analysts expect that Accenture PLC will post 6.54 EPS for the current fiscal year.

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 15th. Stockholders of record on Thursday, October 19th were given a $1.33 dividend. The ex-dividend date was Wednesday, October 18th. This represents a dividend yield of 1.97%. Accenture PLC’s dividend payout ratio is presently 48.90%.

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In other news, insider Richard P. Clark sold 3,155 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $143.01, for a total value of $451,196.55. Following the sale, the insider now directly owns 5,533 shares in the company, valued at $791,274.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David Rowland sold 3,702 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $135.04, for a total transaction of $499,918.08. Following the completion of the sale, the chief financial officer now owns 9,864 shares in the company, valued at $1,332,034.56. The disclosure for this sale can be found here. Insiders sold 83,325 shares of company stock worth $11,479,125 over the last quarter. Company insiders own 0.21% of the company’s stock.

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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